8 Easy Estate Planning Tips That People Frequently Forget (Sep 23, 2020)

During the current global pandemic, there’s been a rush for people to obtain insurance and update their legal documents such as Powers of Attorney, Wills and Revocable Trusts. While updating your legal documents is a smart step, people frequently forget key actions that can be critical to the implementation of your wishes for you and your loved ones. Here’s a list of eight easy estate planning tips that people frequently forget, and that subsequently can create big problems.

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Reversing Your 2020 RMD – August Deadline Looming (Aug 4, 2020)

The CARES Act implemented several measures to help Americans during coronavirus, including the ability to skip taking taxable Required Minimum Distributions (RMDs) for tax year 2020. However, the Act went into effect on March 27, 2020, after many people had already taken their 2020 RMDs earlier in the year. The IRS has since issued guidance allowing individuals to reverse their RMDs if completed by August 31, 2020.

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Investment Actions During COVID-19 (Jul 24, 2020)

Hopefully you’ve heard the adage of “buy low, sell high.” With segments of the stock market experiencing significant recoveries, this is an important concept in terms of your investment strategy. We explore what we’ve been doing as part of our disciplined investment management process and considerations at a broader level.

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The 2020 Investment Rollercoaster Ride (Jul 13, 2020)

SageVest Wealth Management’s latest quarterly commentary is now available. Highlights include:

  • Stocks stage the strongest recovery in more than 20 years.
  • The U.S. and countries around the world have largely reopened for business, still with massive unemployment remaining.
  • The world and the financial markets wait to see the impacts of the virus as social and business activity resumes.
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Returning to Work During Covid-19: Your Finances Versus Your Health (May 27, 2020)

As all 50 states begin to reopen during COVID-19, millions of people in the workforce face a new dilemma. Are they ready to return to work, balancing their finances and their health? If you’re able to work from home then your decision is easy, but not everyone is as fortunate. Before deciding whether to head back to the office, take early retirement, or resign, consider the following key factors to assess your physical and financial health.

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Protecting Your Long Term Care Insurance Policy (May 22, 2020)

If you have a long term care insurance policy, you know the premiums are expensive and you want assurance that the policy will pay in the terms you envision should you ever need it. Unfortunately, one simple oversight can jeopardize the integrity of your policy: missing a premium payment. Just one missed payment runs the risk of your long term care policy lapsing. Here we discuss easy to establish but essential back up measures to put in place now to protect your policy.

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A COVID-19 Bull Market in a Bear Market Environment (May 19, 2020)

Stocks have staged quite a recovery since their depths in late March. In fact, the upside was so swift that a bull market recovery started within one week’s time. While stocks have had ups and downs since late March, they’ve generally been moving higher, which is somewhat surprising with so much of the world in lockdown, businesses closed and unemployment soaring. We take a look at why stocks are staging a bull market in a bear market environment.

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The Pros and Cons of Transfer On Death (TOD) Accounts (Apr 29, 2020)

When it comes to estate planning, it’s easy to opt for the fastest, simplest and cheapest path forward. Sometimes that includes using transfer on death (TOD) or payable on death (POD) account registrations to avoid probate and other expenses. However, there are some major pitfalls to this account registration strategy. We review the pros and cons of transfer on death accounts.

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