Global Market Volatility: How to Stay in and Weather the Storm

Posted on August 30th, 2017 by Fenwick

Who considers a 700-point decline in the stock market a ‘good time’? Certainly not the millions of Baby Boomers on the verge of retirement with underfunded 401(k)s.  And certainly not new Millennial investors.  No sooner do they overcome their market wariness to venture into stocks, than they see their small holdings get smaller. At moments […]

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Tips to Stay Financially Fit

Posted on August 30th, 2017 by Fenwick

Year after year, getting healthy is a top New Year’s resolution for Americans, while saving more and spending less typically ranks lower on the list of priorities. While many people will purchase gym memberships they may never use, taking steps to improve financial wellness is a resolution worth pursuing, and sticking to. Saving more and […]

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Ten Key Questions to Ask Your CFP® Professional

Posted on August 30th, 2017 by Fenwick

Before establishing a relationship with a financial planner you will want to interview several people to make sure they’re the right match for you and exhibit key traits of a good advisor. Here are 10 important questions to ask before selecting a financial planner. 1. What experience do you have? Ask for a brief description […]

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Should You Turn Off A Trust?

Posted on September 20th, 2016 by Fenwick

It may have been advantageous for you to set up a trust years ago, but suppose your circumstances have changed. Are you unconditionally locked into the trust for a term of years or could you undo it? And, if it is legally permissible to shut down the trust, should you do it? The first question […]

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Here’s A Fast And Easy Way You Can Supplement A Will

Posted on September 20th, 2016 by Fenwick

Do you want to provide guidance above and beyond the terms of your will? You can use “letters of instructions” to fill the gaps. Although such documents aren’t legally binding, they still can be helpful. Here are several issues you might address in this way: A letter could detail an inventory of your assets, including […]

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When Two Out Of Three Ain’t Bad

Posted on September 19th, 2016 by Fenwick

From a tax perspective, a dream retirement account probably would encompass three elements: Contributions to the account would be tax-deductible. Accumulation of earnings within the account would be tax-deferred. Distributions from the account would be tax-free. Of course, there’s no such animal, but various types of accounts can deliver two of those three elements. And […]

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Crummey Gifts: Spring Into Action

Posted on March 21st, 2016 by Fenwick

Traditionally, the end of the year is the time when wealthy individuals give gifts to other family members, especially to children who are likely to be in lower tax brackets. Not only does such gift-giving coincide with the holiday season, it also lets you beat the deadline for using the annual federal gift tax exclusion. […]

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