Category: Articles

With January 1, 2026 on the horizon, there’s a significant planning opportunity to be taken advantage of prior to the sunsetting of the temporary increased lifetime gift and estate tax that was part of the Tax Cuts and Jobs Act of 2017. Taking advantage of the current exemption levels, while also leaving enough time for thoughtful planning, can lead to significant tax savings and provide an opportunity to strategically transfer assets with high growth potential out of the taxable estate.

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A well-designed buy-sell agreement is a crucial component for businesses aiming to secure a smooth transition of ownership in the face of unforeseen events. Traditionally, buy-sell agreements have been designed as either cross-purchase agreements or stock redemption plans, each with their own benefits and drawbacks depending on the specifics of a given business.

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Side hustles have gained tremendous popularity as a way to supplement income and achieve financial freedom. In addition to growing your revenue streams, oftentimes, a side hustle offers opportunities for personal growth, skill development, and entrepreneurial ventures. In this blog post, we will explore a few lucrative side hustle ideas that can help you boost your income while taking advantage of skills or assets that may be untapped.​

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The goal of these life insurance fundamental articles is not to get too granular on any particular insurance carrier’s product offerings, but rather to provide a broad basis for understanding how various product types work.

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Saving for college can be daunting, but with the help of prepaid 529 plans, families can take advantage of attractive tax benefits and secure their child’s future education expenses. In this blog post, we’ll explore the details of prepaid 529 plans, including how they work, their tax advantages, and how they differ from traditional 529 plans. We’ll also delve into which states have approved prepaid 529 plans and what happens if you move out of a state in which the plan is approved.​

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Regardless of the business cycle stage your company finds itself, it is likely that on a day-to-day basis as a business owner your mind is focused either on ensuring customer satisfaction or taking care of your employees in some way. It’s possible, a financial advisor or your attorney mentioned a buy-sell agreement at some point. But if the topic even momentarily grabbed your attention, it is unlikely it made any lasting impression on you and even more doubtful that it spurred you into action. Unfortunately, this is all too commonplace because of the investment of time and money most business owners assume is involved- to say nothing of the general avoidance associated with subjects a buy-sell addresses, like death and disability. Let’s dive deeper into what a buy-sell agreement does and why you should have one.

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Budgeting is a powerful tool for achieving financial stability and reaching your goals. However, many people encounter stumbling blocks along the way that can derail their budgeting efforts. In this blog, we will explore some of the most common budgeting mistakes and provide practical tips to help you avoid them. By being aware of these pitfalls, you can develop better budgeting habits and set yourself up for financial success.​

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Life insurance is a crucial financial tool that provides peace of mind and financial protection to our loved ones when we’re no longer around. Traditionally, getting life insurance required undergoing a medical exam to assess one’s health and determine the policy’s cost. However, with the advent of no-medical-exam simplified or guaranteed issue life insurance, many individuals are tempted by the convenience of skipping the medical examination. Let’s explore both sides of the coin and shed light on why opting for an insurance medical exam can be in the best interest of the customer.

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A financial plan has many important pieces, but the client’s ability to earn an income is what makes everything else possible. People insure their homes, cars and other personal property, yet they fail to insure the one thing that makes all these possible: their income. For the majority of people, their ability to get up and go to work everyday is their greatest asset. In terms of present value, many people do not realize that their lifetime earning potential can far exceed that of properties or investments they own.

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Property and casualty insurers play a crucial role in safeguarding individuals, businesses, and assets from unforeseen risks. However, many of them are being confronted with a rise in claims and pricing pressures presented by an economy in an inflationary environment. These external factors can put a strain on many U.S. insurer’s reserves, profitability, and ultimately that can lead to higher pricing passed to the consumer or changes in business standards that can impact your coverage or claims experience. Let’s explore how insurers may adopt to navigate these challenges, what changes you can expect to your coverage and claims experience and what you can do to avoid price hikes and adverse changes to your coverage.​

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