Stock market swings are always unsettling, whether you’re decades or months from retirement. But when it comes to recovering from market volatility, timing makes all the difference. As you accumulate, average return matters more than volatility. Assuming the same average return and no withdrawals, your portfolio results will be the same regardless of the order of your gains and losses.
How much could my family lose to estate taxes when I pass?
Fear of losing family wealth to estate taxes often weighs heavily when planning to pass your assets to future generations. The estate tax can be confusing and frustrating, wondering how many different taxes there are, how much you might have to pay, and what you can do about
Washington State’s 7% capital gain tax passed into law in 2021 and was upheld by the Washington State Supreme Court on March 24, 2023. In this video, Josh Whelan and Zach Hamilton explain the tax and walk through strategies to reduce or avoid the tax, following our original article on the topic. Whether you’re focused on generating stable retirement income,
Once you’ve saved enough to retire, the question of where to retire is a frequent next discussion. What’s the best state to live this next phase of life? A quick internet search leads to…confusion. Each article conflicts with the next. Why? Well, there is no BEST state to retire. It all depends on what’s most important to you. You might
What’s the value of partnering with a Financial Planning and Wealth Management team like Alterra Advisors?
This is a frequent question we hear in conversations when someone is considering hiring an advisor. And it’s an important one! We believe that, for the right family, our team can add value by working as an expert guide, navigating important wealth decisions with
We hope you’ve had a great first quarter of 2023! In this quarter’s Market, Economy & Portfolios in 20 Minutes, we discuss:
Do you have company stock in your 401(k)? You might if you spent your career at a large employer. If so, you might be able to save a significant amount in taxes when you retire using a tax strategy called Net Unrealized Appreciation (NUA).
NUA allows you to transfer company stock into a taxable brokerage account and pay the lower
Imagine you’re on a walk with wealthy friends and they talk about the struggle they’re having in deciding what to do with their wealth when they’re gone. They want to leave a compelling legacy, both financially and personally, but they aren’t sure how to go about it.
To quote Spiderman (well, his uncle Ben, if we want to get picky),
Imagine you’re on a walk with wealthy friends and they talk about the struggle they’re having in deciding what to do with their wealth when they’re gone. They want to leave a compelling legacy, both financially and personally, but they aren’t sure how to go about it.
To quote Spiderman (well, his uncle Ben, if we want to get picky),
Washington State’s LTC Trust Act is intended to offer long-term care coverage to state residents funded by a mandatory payroll tax. Here’s how it works and how you can opt out. For more on long term care insurance, read Long Term Care Insurance 101 and Hybrid Long Term Care Insurance – An Upgrade on Traditional Benefits.
IMPORTANT NOTE: Significant