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Understanding the options for tax-advantaged savings growth is essential for those planning for retirement. Roth IRA and the more complex “Mega Backdoor” Roth conversions stand out for their ability to offer tax-free growth and distributions. There are important mechanics to understand, and major benefits to be had.
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Financial planning for women transcends the simple growth of wealth. It's about designing a financial strategy that supports their lifestyle, professional goals, and their family's well-being, acknowledging the complexity of roles they play, from career professionals to caregivers for children and aging parents. Here are some practical steps for women who are steering through the intricacies of finance while maintaining a balance in their multifaceted lives.
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For business owners, effective estate planning is a critical task that serves a dual purpose: ensuring the well-being of their loved ones and the continuity of their business. A key component of this planning is the proper use of beneficiary designations, which must be approached with an understanding of their impact on both personal and business assets.
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Estate planning is one of the most crucial discussions with our elderly parents. Early planning — before your parents are too old or ill — also can provide peace of mind for both the parents and their children. It’s important to remember that it’s also an act of love and responsibility, not just a financial task. Planning ahead ensures their wishes are honored and provides peace of mind for you (and your siblings, if you have them). To navigate this process, a thoughtful and well-prepared approach is essential.
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From creating a will to building a long-term legacy
It’s a common misconception that estate planning is only for married couples with children. However, whether you are unmarried with no children or have grown children — in the middle of a successful career or approaching retirement — prioritizing estate planning is crucial. Here, we clarify the unique considerations professionals must address to create a robust estate plan and secure their future.
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Estate planning is a critical process for any family, but it takes on additional layers of complexity in the case of blended families. Unlike “traditional” family structures, blended families face unique challenges that can complicate the distribution of assets, guardianship decisions, and the balancing of spousal rights with children from previous marriages.
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Over the next few decades, members of the Baby Boomer generation are widely expected to have a final, lasting impact on their Gen X and Elder Millennial children – leaving a collective inheritance around $80 Trillion dollars!i The so-called “Great Wealth Transfer” is forecast…
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Over the next few decades, members of the Baby Boomer generation are widely expected to have a final, lasting impact on their Gen X and Elder Millennial children – leaving a collective inheritance around $80 Trillion dollars!i The so-called “Great Wealth Transfer” is forecast…
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Chairman of the Federal Reserve Jerome Powell has been an intensely watched figure since March, 2022 when he announced the first of a string of recent interest rate hikes.
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Over the last 15 years, vintage wine has produced (by one measure) a 10.6% annualized return1. Some wines have done even better.
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For clients with the capacity and interest to transfer wealth to family members, intra-family loans may be a strategy to discuss and consider…
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For clients with the capacity and interest to transfer wealth to family members, intra-family loans may be a strategy to discuss and consider…
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A SLAT, or Spousal Lifetime Access Trust, is a special type of irrevocable trust available to married couples…
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A Roth conversion is one planning opportunity to consider...
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For many years, estate tax planners have designed IDGTs to freeze the value of an asset for estate tax purposes while transferring the asset out of the estate gift-tax free…
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The last few years have thrown a lot at successful accounting firms.
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Typical retirement plans are subject to relatively low contribution limits. Professional firms and businesses looking for larger tax deductions and accelerated retirement savings, may find Cash Balance Plans an important alternative to consider
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Gear up with these supplemental year-end planning points for your late fall/early winter client meetings…
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As most anyone reading this can attest, business owner clients are busy. This is why the shoemaker’s children go barefoot!...
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By any measure, the “private equity” industry has grown multi-fold over the past two decades…
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Choreo’s Retirement Plan Advisory Services (RPAS) SECURE 2.0 Act of 2022(Division T of Consolidated Appropriations Act, 2023) In December of 2022, Congress passed the Consolidated Appropriations Act, 2023, which contains a large section covering retirement in the U.S. referred to as SECURE 2.0....
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What can Choreo clients do to ensure a smooth school year?…
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What Choreo clients should know?…
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What does the law focus on and how does it impact you? Clint Costa explains…
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At Choreo, we believe a well-designed portfolio is goals-based, thoughtfully allocated, globally diversified, risk-focused and delivered in a disciplined manner. This approach approach is intended to add value and reduce risk, simplifying your financial life and freeing you to enjoy the true wealth of…
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High-net-worth families need timeliness, visibility and accuracy to effectively manage their investment portfolios. Unfortunately, family leadership is often forced to rely on dated quarterly investment performance information. Working from separate Excel spreadsheets and proprietary reports from individual managers makes it challenging to consolidate and…
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Your organization has a unique history that informs both its present and its future. Our challenge is to understand where you have been, where you want to go and how best to help you drive it there…
