Category: Wealth Strategy

March 22, 2023

Identifying Red Flags for Reviewing and Updating Your Estate Plan

Having a proper estate plan in place is the guiding hand you leave behind to ensure things go smoothly for your loved ones after you’re gone, and that all your last wishes are carried out accordingly. But with all things in life, we experience change. As such, you should periodically review your estate plan and [...]

Contributions from: Jay Winston, CFP®

March 22, 2023

Life as a Venn Diagram

Our Wealth Strategy Group recently held a Women and Wealth networking event at our Bellevue office location. We gathered together to share stories, further develop relationships within the firm, and foster a better understanding of the path women face in developing their professional careers. We invited Heather Redman as our featured guest and asked her to [...]

Contributions from: Anne Marie Stonich, CFP®, CPA

March 22, 2023

Finding Your Perfect Female Advisor

Women’s financial power is greater today than it has ever been. With more women in leadership positions and staying in the workforce longer, the amount of wealth women control will only continue to grow. Often, women’s financial management needs differ than those of men. Women have many unique challenges: living longer lifespan but often make [...]

February 23, 2023

Should I Participate in Deferred Comp?

This is a common question we receive from high-income executives looking for ways to reduce their tax burden. It seems like a no-brainer to defer paying taxes and keep those funds invested – right? While it’s true that tax-deferral can accelerate the growth of your investments over time, there are significant drawbacks to deferred comp [...]

Ian Curtiss
Contributions from: Ian Curtiss, CFP®, CFA®, ChSNC, Anne Marie Stonich, CFP®, CPA

February 22, 2023

Getting Your Tax Act Together

Over the past several weeks, you probably noticed copies of your tax documents for the 2022 year arriving in your mailbox. We’ve put together this consolidated checklist as well as some questions and tips below to help sort and organize your tax records in preparation for your upcoming tax return. Taking time to ensure your [...]

Vince Lee
Contributions from: Vince Lee, CFP®, CPA

February 1, 2023

Reflecting on 2022’s Respect for Marriage Act: How does it impact the lives and finances of American same-sex marriages?

On December 13, 2022, the Biden Administration passed the Respect for Marriage Act. Thinking about our clients who are impacted, we wanted to offer perspective on what this means today and for the future. To provide context, let’s look at the relevant legal history of the subject over the past few decades: The Defense of [...]

Alex SchrempfKatie Quick
Contributions from: Alex Schrempf, Katie Quick, CFP®, Rich Merrifield, CFP®, AIF®

January 30, 2023

SECURE 2.0 Act – Good or Bad?

As we were wrapping the last of the holiday presents, Congress had their hands full finalizing the SECURE Act 2.0, which included 100+ different changes to retirement accounts. Most of these changes impact either a very narrow group of people, or the related dollar amount is so small that it leaves us wondering if there [...]

Contributions from: Anne Marie Stonich, CFP®, CPA

January 26, 2023

Diversifying Concentrated Stock Positions: Creating a Roadmap

As we continue exploring the road to diversifying concentrated stock positions (Part 1), you may want to ask yourself “what’s my worst acceptable scenario.” Sound dark? Well, it’s better than your worst non-acceptable scenario! Start with setting some guard rails. For example, if you aren’t comfortable with the possibility of getting nothing from your concentrated [...]

David Bigelow
Contributions from: David Bigelow, CFP®, MBA

January 15, 2023

Diversifying Concentrated Stock Positions: Navigating the Path Less Traveled

Generating wealth and retaining wealth can be two conflicting skillsets, especially when a major source of that wealth is a concentrated stock position. The former requires bold risk-taking, optimism, and allowing eggs to pile up in one basket. The latter requires planning, humility, being proactive, and a certain degree of paranoia. Navigating this shift in [...]

David Bigelow
Contributions from: David Bigelow, CFP®, MBA