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Insights

Category: Wealth Strategy

June 13, 2023

Empowering Your Special Needs Child Toward Independence

When we begin working with new families at Coldstream, we see some predictable patterns in their areas of focus. Perhaps their investment portfolio has grown to a size they no longer feel comfortable managing independently, or they have questions about when they can afford to retire, how to diversify out of a concentrated holding, or [...]

Ian Curtiss
Contributions from: Ian Curtiss, CFP®, CFA®, CPWA®, ChSNC

May 23, 2023

Weighing the Pros and Cons of Rolling Over Your 401k to an IRA

Rolling over a 401k to an IRA can be a wise decision, but it is important to weigh the pros and cons before doing so. While a 401k is a retirement plan sponsored by employers that allows employees to save and invest a portion of their paycheck on a tax-deferred basis, an IRA is a [...]

Contributions from: Anne Marie Stonich, CFP®, CPA

May 11, 2023

What I Learned From My Mom About Money

With Mother’s Day around the corner, we surveyed a few members of the Coldstream team to see what impact their mom had on their understanding of money as they grew up. Some of these messages are technical, while others are a lesson in the emotional aspect of finances. Larissa Vidal – Wealth Manager  Larissa’s great [...]

April 24, 2023

Clean Up Beneficiary Designations to Avoid These Common Mistakes

If you’re like most people, chances are the only time beneficiaries have crossed your mind was when you were opening some type of financial account, signing up for life insurance or contributing to a retirement account offered through your employer. Since these opportunities come up infrequently, we can all benefit from a regular review of [...]

Noel Sanchez
Contributions from: Noel Sanchez, CFP®

March 28, 2023

How Do You File a Washington State Capital Gains Tax Return?

The 2021 Washington State Legislature passed ESSB 5096 (RCW 82.87) which creates a 7% tax on the sale or exchange of long-term capital assets such as stocks, bonds, business interests, or other investments and tangible assets.  The tax is effective January 1, 2022, and the first payments for tax year 2022 are due on or [...]

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®, CAP®

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

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®, CPWA®, 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

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