Give the Gift of Appreciated Stock
With the holiday season upon us and tidings of good cheer in the air, our collective instincts for generosity often peak. It’s worth considering perhaps a better way to give…
The Side Job and Choice of Entity Planning
“Corporation, n. an ingenious device for obtaining individual profit without individual responsibility.” Ambrose Bierce, the Unabridged Devil’s Dictionary. Regrettably, Limited Liability Companies (LLCs) were not included in Ambrose Bierce’s popular…
Miniature House on A Financial Graph
Possibilities for Passive Income –
Real Estate and Stock Market
With the Tri-Cities housing market about as hot as it has ever been, why would an investor want to consider investing in the stock market? Let’s compare and contrast some…
The Multi-Pronged Approach to Paying for Your Child’s Education
As higher education costs continue to rise, it’s important to consider how best to fund your child’s or grandchild’s education. I propose a multi-pronged approach to utilize tax-advantaged 529 plans,…
Creating Income from Investment Accounts
One common concern for investors is seeking a reliable source of passive income. Sometimes it is not immediately evident to those investors that an investment account can easily produce passive…
Beneficiary Designations (Retirement Accounts and Insurance)
One of the biggest areas that is often overlooked in an estate plan are the seemingly innocuous beneficiary designations tied to assets like retirement accounts and life insurance. The beneficiary…
The Intersection of Estate and Financial Planning
Sometimes the concept of financial planning is considered distinct from the more laborious and esoteric task of estate planning. The financial plan is the “low hanging fruit” that is usually…
Your Dog and Your Liability – Strict Liability for Your Best Friend
Personal liability exposure is an important planning consideration. A person should be able to identify potential risks and assess means to mitigate those risks with the ultimate goal of reducing…
Owner-Only 401(k) for Business Owners for Tax Savings
Conventional financial wisdom suggests that the first thing a person should do after building the three to six month rainy-day fund is to maximize contributions to retirement accounts. Qualified retirement…
The Community Property Agreement
Property owned by a spouse does not automatically transfer to the surviving spouse at death. Instead, something more is needed in the estate plan to accomplish this feat. In all…
