Looking to get organized before the end of the year? Here is our annual financial checklist to help get you started. As you are working through it, please do not hesitate to reach out to anyone here at Droms Strauss Wealth Management for assistance.
If you like roller coasters then 2020 has been the year for you, and you’re in luck - the 2020 market roller coaster ride might be far from over. This leads many of us to wonder: When will this ride end? Some might be asking themselves: Can I get off?
On March 27th, 2020 the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law by President Trump. This Communiqué will focus on the provisions of the CARES Act that impact many of our clients.
The Setting Every Community Up for Retirement Enhancement Act (The SECURE Act) was part of the most recent $1.4 trillion year-end spending bill, approved by the Senate on Dec 19th, 2019, and subsequently signed into law by President Donald Trump. The act was part of an end-of-year appropriations bill and accompanied by provisions that impacted the nation’s retirement system. The goal of these provisions is to provide additional opportunities for Americans to save in order to strengthen their retirement base.
As we survey the investment landscape for 2020, we find both optimism and clouds on the horizon.
December is always a good time to look back on the year, look at what has transpired, and look forward to what might be in store for us next year. If you read the paper or listen to the news, we do not have to tell you what has happened in the markets these last couple of months.
We help our clients achieve financial independence...not necessarily "retirement" but instead, having the ability to have the life you look forward to and knowing you have the financial ability to step away from you job or career - even one that you might enjoy so that you might realize other long term objectives.
CloseYoung couples, and frequently grandparents, ask about planning for the education of children or grandchildren. We periodically prepare education funding computations so that parents and grandparents can plan for the education of their children.
CloseWhether it involves long-term care planning, a review of existing life insurance policies or something as mundane as a review of your home and automobile liability coverage, we can assist you in determining whether you have the proper coverages. We are not insurance agents but we do know what to look for in your policies and determine whether or not you need to make changes.
CloseAre you struggling to understand how the new tax laws impact your family? We can help you determine what strategies can be used to minimize your income taxes and can structure your investments to minimize your tax burden.
CloseDo you have an up to date estate plan? We regularly work with attorneys to make sure that your plan documents are current and achieve your dispositive objectives and meet all of your concerns.
CloseDo you use appreciated securities for your charitable giving? Have you considered how a donor advised family fund might actually save you taxes and be used for your annual charitable giving? We can help .... from explaining the concepts all the way through execution.
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