by Holly Cloutier | Jul 21, 2021 | All, Financial Planning
The economic recovery from the pandemic continued and equities surged during the first half of 2021. The S&P 500 index was up 15.3% during the first six months, ranking as the second-best performance for a first half of a year since 1998[1]. The pace of the...
by Holly Cloutier | Jul 15, 2021 | Financial Planning
By the time you reach 72, your qualified retirement accounts, including your 401K and your IRA, will be subject to rules and regulations governing account withdrawals. These distributions from your retirement accounts might be an essential source of funds as you...
by Holly Cloutier | Jul 9, 2021 | All, Business Exit Planning, Financial Planning
Managing taxes and planning for long-term illness or death are essential parts of financial planning. If you leave behind a 401K account when you pass away, your beneficiaries will be responsible for handling the account. The beneficiary of an inherited 401K might be...
by Holly Cloutier | Jul 7, 2021 | All, Business Exit Planning
There’s been lots of talk (and associated panic) about the Biden administration’s proposed tax hikes as part of the American Families Plan and its projected $1.5 trillion price tag over the next 10 years. First and foremost, the key word here is proposed. None of this...
by Holly Cloutier | Jun 14, 2021 | Business Exit Planning
Often in a family business, especially one that is multi-generational, it is just assumed that the next generation will want to take over the business. This isn’t always the case and may cause trouble down the road. You should make sure that your successors want to...
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