For many investors, rental real estate has long been viewed as a cornerstone of wealth building. Buy a property, collect rent, let appreciation work its magic, and someday enjoy the rewards.
As financial advisors, we often become much more than investment professionals. We become trusted confidants, sounding boards, and, in many cases, one of the first people to notice when something may not be right with a client.
When most investors think about retirement planning, they naturally focus on growing assets. But as clients move closer to retirement—or enter retirement entirely—the conversation often shifts from accumulation to income.
For many investors, success creates a new problem.
For decades, retirement planning has revolved around a familiar question:"What's my probability of success?"
Most estate plans look great on paper.The documents are signed. The trusts are funded. Beneficiary designations have been updated. Everyone leaves the attorney's office feeling relieved.And yet, years later, many of those same plans fail.
When investors think about a 1031 exchange, the conversation often begins and ends with one question:"How much tax can I defer?"
When people hear the phrase estate planning, they often think about ultra-high-net-worth families trying to avoid federal estate taxes.
For many clients, the sale of a primary residence represents one of the largest financial transactions of their lifetime. And in high-appreciation markets, it can also create one of the largest tax surprises.
For many parents, the college admissions process feels dramatically different than it did a generation ago — and they’re right.