Our Insights

Many retirees understand that delaying Social Security benefits can result in a larger monthly payment. While that is generally true, there is an important tradeoff to consider: the longer you wait to begin receiving benefits, the fewer years you may have to collect them. Ultimately, the value of delaying benefits depends on factors such as your life expectancy, retirement income needs, tax situation, and overall financial strategy.  Because there is no one-size-fits-all answer, it is important to evaluate your options carefully and make a decision

In 1964, The Rolling Stones released the hit single “Time Is on My Side.” Who knew they were talking about personal finance?  For The Rolling Stones, the song was about confidence and patience in love. For investors, it reflects something equally powerful: the confidence and patience required to pursue long-term financial goals like retirement.  As a young investor, you have one tremendous advantage on your side: time.  The earlier you begin saving and investing, the longer your money has to grow. Over time, investment

Beginning in 2026, families across the United States may gain access to a new financial planning tool designed to support children’s long-term financial futures: the 530A account, commonly referred to as a “Trump Account.” While much of the public attention has focused on the proposed $1,000 government contribution for newborns, the legislation includes broader opportunities that may benefit many families with children under age 18.¹˒²  What Is a 530A Account?  The 530A account was created under the One Big Beautiful Bill Act and is intended

Some retirees describe the first few months after retirement as a “honeymoon phase,” during which they focus on travel, projects, and catching up on rest. After the honeymoon glow wears off, many begin asking deeper questions about how they want to spend their time and energy.1  It’s not only normal to ask those questions, but necessary. Our careers give us more than income. They provide structure, social interaction, and a sense of purpose. When that structure is no longer part of your daily

U.S. Markets  Stocks fell in the first quarter amid concerns that artificial intelligence (AI) could disrupt certain industries along with geopolitical issues that unsettled investors.  The Dow Jones Industrial Average lost 3.58%, while the Standard & Poor’s 500 Index fell 4.63% and the Nasdaq Composite declined 7.11%.1,2  A Choppy January  Stocks trended higher in January as upbeat economic data offset geopolitical tensions. Investors responded positively to December’s inflation report, which was followed by a solid retail sales report. However, evolving geopolitical situations and mixed results from

Let’s admit it: planning for taxes isn’t exactly enjoyable. There are probably plenty of things you’d rather be doing. However, thoughtful tax planning plays a critical role in your overall financial health. Starting early can help you save money, reduce errors, and minimize stress when tax season rolls around.  So why should you consider planning your taxes two years at a time?  The Benefits of Planning Ahead  When it comes to taxes, it’s easy to procrastinate. But taking a forward-looking, two-year approach can make a meaningful difference. By planning across multiple years,

Have you just completed your taxes and discovered that you owe way more than you expected? Don’t panic. There are several ways to bring that hefty tax bill down.  Step 1: Check for Errors  First, go through your return and make sure that you haven’t made a mistake. If you used tax software, note that it checks the math based on what you entered, but it doesn’t know if you entered the right numbers. Common errors include entering a wrong number, adding an extra zero, or entering the

Working with a trusted financial professional is important when it comes to strategizing and preparing to meet your financial goals. However, as most of us handle money daily, it’s important to have an in-depth understanding of the fundamentals of financial literacy. Below we’ve identified five financial basics everyone should know. Understanding these important concepts can serve as a basis for your financial standings.  Basics #1: Debt & Credit Scores  Understanding the ways in which credit or debt can work with or against you should serve as the foundation of your

Once an estate strategy is in place, it should only require periodic reviews to check that it still reflects your wishes. However, life events such as marriage, divorce, births, deaths, relocations, health changes, business sales, and changes in tax law may prompt you to reconsider part of your overall strategy.  The world of estate strategies is changing, as covered in the Trust & Will 2025 Estate Planning Report. Did you know:  While 83% of Americans acknowledge the importance of their estate,

Tax season is officially here—and a little preparation now can save you time, stress, and potential headaches later. Whether you meet with a tax professional or prepare your taxes yourself, proper planning helps the processes go more smoothly and may reduce the risk of costly errors. Check out the tips below and prepare to tackle this tax season with confidence.  Tax Prep Tip #1: Gather All of Your Forms  In January, you likely started to receive the forms you need to properly complete your