The SECURE Act 1.0 shifted retirement investing away from tax-deferred growth (or tax-free growth in Roth accounts) towards a system that exposes more retirement savings to taxation in what is expected to be an economy with tax rates increasing in future years. SECURE Act 1.0 Legislative Strategies TSP Family Office clients can mitigate the wealth-eroding characteristics …
Roth conversions are often used by high income earners to move money from a traditional IRA, which is taxed when you withdraw money in retirement, by converting the account to a Roth IRA, which is taxed at the time of conversion. This is beneficial since your retirement investment is meant to increase, as likely as …
We now offer a comprehensive suite of cohesive financial services under our new name, TSP Family Office. Estate planning, risk management, day-to-day money management, document organization, tax savings strategies — we do it all and more. We work with entrepreneurs like you who have significant goals between your business and personal finances, and you need …
Your children mean the world to you, and you would do anything for them. They deserve the security that they will be taken care of; God forbid something were to happen to you. You’ve spent a lifetime making sacrifices and hard decisions to accumulate your wealth, as well. After all that hard work, your legacy …
Picturing your financial future can feel both exciting and stressful, and it’s easy to get overwhelmed. However, with our comprehensive step-by-step guide, you can begin your financial goal setting and start on your path to reaching your desired financial outcome today. Figure Out Your Current Net Worth One of the first steps to creating your …
As your business grows, planning for your financial health is a necessary step toward reaching your long-term financial goals. We often think of the beginning of the year as the best time to think about these matters, but the truth is that any time can be ideal for establishing your vision for the future and …
Taking control of your future is the key to organizing your financial life, compounding your wealth, and building the legacy of your dreams — and it is attainable working with a family office. Traditionally, many wealthy individuals and families have worked with separate financial experts that produced disjointed advice. Now there is a better way. …
Oftentimes, many business owners and high earners receive fragmented guidance that results in conflicting advice. This disconnect can come with a significant price tag as a lack of collaboration between financial advisors and tax planners can lead to detrimental loss of face value for your retirement fund. The true value of a financial partner lies …
For many high-net-worth individuals, a family office may be familiar, but not without questions on which pieces of your financial life this type of consultant should handle. A family office is a private wealth management firm made up of a team that helps you make financial decisions. They serve high-net-worth individuals and families by providing …
Leaving behind a legacy, not just for your children, but for future generations, is a serious concern–especially when it comes time to balance your finances and determine your next steps. Legacy wealth is about everything from retirement contributions and education accounts to purchases like a Rolex that can be handed down for generations. Look at …
