Tip of the Month | August 2022
Common Estate Planning Documents Written By: Ryan Rink, CFP® If you’re a legal adult (over age 18), then you should have some form of estate documents in place. Listed below are common estate documents for individuals and married couples. Will: Names a guardian for your children and distributes assets via probate. Durable (Financial) Power of Attorney: Designates…
Revocable Trusts: Fact vs. Fiction
Recently, Rebecca Simoni, a Shareholder in von Briesen & Roper’s Trusts and Estates Section, wrote a great article on revocable trusts. A revocable trust is a commonly used estate planning tool, especially for higher net worth families or more complicated situations. If included in your estate plan, the revocable trust becomes the core document used…
Happily Irrelevant
Happily Irrelevant Written By: Kevin Reardon, CFP® In speaking with a couple who retired a few years ago, they commented they are ‘happily irrelevant’. That interesting comment couldn’t be left unquestioned, so I asked a follow-up question and sat back to learn more. They explained during their working years they both had leadership positions in…
Tip of the Month | July 2022
529 Contribution Deadlines Written By: Ryan Rink, CFP® Many states offer tax benefits for those who contribute to 529 education accounts. For example, if you are a Wisconsin taxpayer, your contributions to a state-sponsored 529 plan (either Edvest or Tomorrow’s Scholar) may be deducted from state taxable income up to a maximum of $3,560 per beneficiary for the 2022…
Leveraging the Flexibility of 529 Plans
Leveraging the Flexibility of 529 Plans Written By: Brian Ellenbecker, CFP®, EA, CPWA®, CIMA®, CLTC® 529 plans have quickly become the vehicle of choice for families saving for education goals. Tax-free growth, a state tax deduction and ease-of-use are some of the main features that have led to their popularity. Fortunately, Congress has been very…
“Thank You for Taking Losses”
“Thank you for Taking Losses” Written By: Kevin Reardon, CFP® In a recent client meeting, we reviewed the negative returns in the markets and explained that we recently realized losses (sold securities that have lost money) in their taxable account. Although this sounds like less than ideal news to share, the client replied, ‘thank you’!…
Keeping Your Digital Identity Safe
Keeping Your Digital Identity Safe Written By: Chad Bulkowski, CT Access Now more than ever, protecting yourself from online attacks seems to be an endless task. It is tiresome keeping up with the constant change in methods imposters use to try and steal data. Through various measures and best practices, you can better protect yourself…
What is Happening with Inflation?
What is Happening with Inflation? Written By: Nick Ziarek, CFP®, CFA Inflation is everywhere you look: airfares, dining out, groceries (both in the form of price and shrinking packaging), and probably most noticeably at the pump. The most recent inflation number was 8.5% for May, the highest point since December 1981 when inflation was 8.9%.…
Tip of the Month | Mobile Deposits
Need to Deposit Checks Into Your Schwab Account? Written By: Andrea Bulen, CFP® Schwab has created a more efficient way to deposit checks into your Schwab account. You’ll simply need to download the Schwab Mobile App on your smart phone or tablet. Give us a call if you need help finding the application. Once you are logged into the Schwab Application…
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Shakespeare Wealth Management, LLC
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Pewaukee, WI 53072-5260