Divorce Planning, Newly Independent Women
Joseph Goldy, CFP®, CDFA®
Understanding the CDFA® Designation: Your ...

Anyone who has gone through a divorce knows how emotionally challenging and financially complex it can be. While attorneys handle the legal aspects, a Certified Divorce Financial Analyst® focuses specifically on the financial implications of divorce. This specialized designation equips professionals with the expertise to guide clients through the intricate financial aspects of divorce proceedings, ensuring better outcomes for their financial future.

Understanding the CDFA® Designation: Your Financial Ally During Divorce
Pharmaceutical Professionals, Stock Options, Financial Planning
AnnaMarie Mock, CFP®
Science Meets Finance: How The Scientific ...

Anna Marie Mock, a fee-only certified financial planner at Highland Financial Advisors, discusses the dynamic interplay between art and science in financial planning. Drawing inspiration from Leonardo da Vinci's philosophy that "everything connects to everything else," she emphasizes that financial planning is an art involving subjective goal-setting and a science-driven by objective analysis tools. In this video, Anna explains how the scientific method can be applied to financial planning, using equity compensation as a concrete example. 

Science Meets Finance: How The Scientific Method is Applied in Financial Planning | Ep. 6
Financial Planning, Financial Tips, Net Worth
Stephanie Burke
Understanding Your Money Script

What are your thoughts, feelings, and beliefs about money? What about your partner, and do they differ from your own? Sometimes, the conflict we experience around money in our personal lives can be attributed to incongruent money scripts with those with whom we share finances. Let’s dive into the term money script and how understanding it can help us achieve our financial goals.

Understanding Your Money Script
Financial Planning, Financial Tips
Edward Leach
The Dependent Care FSA – An Overlooked Benefit ...

In talking with clients about the benefits their employer provides during the open enrollment season, one often overlooked benefit if clients have dependents is the Dependent Care Flexible Spending Account (FSA).

The Dependent Care FSA – An Overlooked Benefit During Open Enrollment Season
Financial Planning, Financial Tips, Healthcare, Investments, Life Planning, Savings
Edward Leach
3 Reasons Every High Net-Worth Family Should ...

Health Savings Accounts (HSAs) are not only a savvy investment option but also offer numerous benefits, especially for high-net-worth families. An HSA is a tax-advantaged savings account designed for individuals with high-deductible health plans (HDHPs) to help cover out-of-pocket medical expenses. While the utility of HSAs is universal, they hold advantages for high-net-worth families and have steadily grown in popularity since their inception.

3 Reasons Every High Net-Worth Family Should Fund a Health Savings Account

Taxes

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Understanding Your W-4 Tax Form

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Understanding Your W-4 Tax Form

Benjamin Franklin wisely observed that “nothing can be said to be certain, except for death and taxes”. Centuries later, this still rings true. Most earned income will be subject to taxes and tax withholding as determined by Form W-4, Employee's Withholding Allowance Certificate. Form W-4 is an IRS form you, as an employee, complete directing your employer on the amount of pay to withhold from every paycheck for federal taxes. Accurately completing your W-4 is beneficial to you because it can prevent overpayment of your taxes, putting more money in your pocket. It can, also, avoid underpayment of your taxes, which ensures that there will be no unexpected tax bill or penalty due.

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Changes to the AMT as a Result of the Tax Cuts and Jobs Act (TCJA) of 2017

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Changes to the AMT as a Result of the Tax Cuts and Jobs Act (TCJA) of 2017

The changes made to the tax code by the Tax Cuts and Jobs Act (TCJA) of 2017 are now being felt full fledge, and despite early fears, some filers have been pleasantly surprised by their tax returns for 2018. Historically, one of the more loathsome tax rules over the years was the Alternative Minimum Tax (AMT) which disproportionately impacted earners in the Northeast and West Coast where wages and cost of living are higher.  In 2018, the rules around AMT have changed increasing the amount of income you must earn to be impacted by the tax.

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Tax Planning: There’s More Than Meets the Eye

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Tax Planning: There’s More Than Meets the Eye

Nobody likes paying taxes. Even though taxes are necessary to keep our schools open, communities safe, roads clean, and governments running, it’s not a fulfilling experience to see a percentage of your hard-earned income or investment gains vanish into thin air. With that being said, there’s no way of escaping taxes (without risking legal repercussions, of course), but that doesn’t mean there aren’t things we can do throughout the year to reduce the amount of taxes you ultimately end up paying.

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Tax Planning: The Donor-Advised Fund (DAF) and Bunching Charitable Contributions

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Tax Planning: The Donor-Advised Fund (DAF) and Bunching Charitable Contributions

Prior to the passing of the Tax Cut and Jobs Act (TCJA) in December of 2017 you likely enjoyed the tax deduction that came with your charitable contributions – no matter the size of the donation.  If you lived in a state where you paid state income taxes and had high property taxes you were probably itemizing your deductions (See NJ, NY, CT, and MA – just to name a few).

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Mortgage Interest Deductibility Maze: Tax Cuts and Jobs Act of 2017

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Mortgage Interest Deductibility Maze: Tax Cuts and Jobs Act of 2017

On December 22nd, the Tax Cuts and Jobs Act of 2017 signed into law changed the tax landscape for individuals and corporations. Although there are many modifications to the tax code that will affect all Americans, the mortgage interest itemized deduction directly affects current and future homeowners.

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Municipal Bond Market Outlook

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Municipal Bond Market Outlook

Certain aspects of the tax bill signed into law at the end of last year have received significant attention from investors, and rightfully so. The final version of the Tax Cuts and Jobs Act lowered corporate tax rates, realigned personal tax rates, and capped or eliminated certain deductions (i.e. state and local tax deductions). 

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