Why even wealthy families need budgets
At its core, budgeting is about money coming in and money going out. Anyone who earns and spends money has a budget. (Similarly, anyone who eats food has a diet.) While we tend to have restrictive notions about budgeting and dieting, neither is inherently tied to restriction. In fact, optimization tends to be a […]
Start formalizing your family values
These prompts can help you put words to your family values. Each value has follow-up questions to help you think about how different priorities might apply to your family relationships, community, finances, and life overall. Click to download the checklist.
What you can do with your bonus
Getting a bonus tends to be a great feeling—you worked hard for it, after all. Getting strategic about how you spend your bonus can help it work hard for you. Here are six ways to put your bonus—or any sudden influx of cash—to work. #1: Pay down high-interest debt If you have high-interest debt, consider […]
What are qualified charitable distributions?
you can use your retirement savings to benefit the charities and causes you care about. We explain how qualified charitable contributions (QCDs) work. “
What are donor-advised funds?
Donor-advised funds (DAFs) can help you maximize the impact of a charitable gift while also helping you minimize your taxes during a given year.
Make the most out of your charitable contributions
Donating to charity is about helping organizations and causes you care about. But that doesn’t mean you can’t maximize the gift and help your own finances in the process.
6 ways to think about charitable giving
We love when clients tell us they’re looking to share their wealth by giving back. Of course, after we ask about what good you want your money to do, our next question is: How can we make sure this gift goes as far as possible and maybe benefit you financially as well? Done well, charitable […]
What is SECURE 2.0?
Note: This article was published January 25, 2023 and has not been updated. Some of the updates made via SECURE 2.0 may have evolved or been modified since then. The word of the year for 2023, so far anyway, is SECURE. If you feel like you’re having déjà vu, there’s a reason for it. Let’s […]
