Federal Student Loan Borrowers Get Some Relief Due to COVID-19 On March 20, 2020, the Department of Education announced terms for student loan relief for tens of millions of borrowers in response to COVID-19.Ω Here is what you need to know. Does the relief apply to all student loan borrowers? No, unfortunately not. Only borrowers […]
Considering recent developments related to the coronavirus, we would like to make you aware of the measures we are taking. Our focus is on protecting the health and wellbeing of our employees, clients, and guests and ensuring we are prepared to effectively manage the investment solutions and deliver the high level of client service we […]
As a Financial Advisor at Austin Asset, I am routinely keeping up with changes to tax laws and how that impacts our financial planning assumptions. One of the largest reforms just occurred and here is what you need to know: The Setting Every Community Up for Retirement Enhancement (SECURE) Act was passed by the House […]
I am a Wealth Advisor. It was not until recently that I realized this statement does not clearly define what I do. Why? Because there is no consistency in the financial advice business for job titles. For example, the financial services industry uses the title Financial Planner, Financial Advisor, Investment Manager, Asset Manager, and Wealth […]
Global stock markets have performed strongly during 2017, pushing many broad market US and international indices to new highs. While investors welcome the performance, many also question whether they should reduce their exposure to stocks. The answer typically depends on their financial position relative to goals, investment horizon, and tradeoffs such as taxes. Investors with sufficient assets nearing retirement might consider reducing stock positions to reduce expected volatility.
Investors, both institutional and retail, often invest in alternatives in pursuit of greater diversification or risk reduction; however, alternatives might fail to reliably accomplish these goals.
For most parents, sending their child to college is at the top of the wish list. A college education can open doors to many opportunities and help your child compete in today’s competitive job market—but that diploma doesn’t come cheap.
Once you turn 70 ½, the IRS mandates that you take a Required Minimum Distribution (RMD) from your retirement accounts. There are various stipulations with taking RMDs, but we’re here to take you through it.
If a child has earned income, money received from someone else can be used to fund an IRA. It doesn’t matter if the child is a teenager with some part-time income or a graduate with a full-time job. The only stipulation is that your child must have earned income — not investment income — that was at least equal to the amount of the contribution. A W-2 from an employer would show proof of income. Alternatively, if the child earned income from non-W-2 sources (babysitting, shoveling snow, etc.), be sure to keep precise records of how much they made.
Please join us in welcoming our new Wealth Planning Lead Advisor, Clayton Boone! Clayton brings more than ten years of experience in the areas of asset management, wealth management, and institutional sales and will be heading up our client experience initiatives. Previously, Clayton held positions in the investment management industry where he oversaw key accounts, sales […]