How Financial Concierge Services Can Benefit You

Dear Valued Clients and Friends,

In this edition of The Financierge, we discuss our holistic and comprehensive Financial Concierge Services and provide eight perspectives from previous editions. In our podcast, we talk with David Bahnsen about our Financial Concierge Services and the value it provides clients. David is the founder, Managing Partner, and Chief Investment Officer of The Bahnsen Group, and is consistently named as one of the top financial advisors in America by Barron’sForbes, and the Financial Times.

The Financierge AUDIO Podcast
with David Bahnsen, Managing Partner and Chief Investment Officer


“Four steps to achievement: Plan purposefully. Prepare Prayerfully. Proceed Positively. Pursue Persistently.” – William Arthur Ward 

Overview of Financial Concierge Services

The Bahnsen Group provides Financial Concierge Services, a program available to all clients. We spent years building a professional network of outsourced and insourced services to provide our clients with holistic and comprehensive solutions for their financial lives. Below are some of our service areas:

  1. Investment Solutions
    Portfolio Management
    Defined Benefit | Contribution
    Alternative Investments
    Stock Option/Restricted Stock
    Real Assets
    Liquidity | Banking
    College Funding
    Private Equity
  2. Risk Management
    P&C Liability Overview
    Legal Structuring | Entity Formation
    Health Care Evaluation
    Long-Term Care
  3. Estate & Transfer Planning
    Estate Overview
    Tax Minimization
    Charitable Gifting
    Beneficiary Designations
    Trust Services
    Life Insurance Consulting
    Valuation Services
  4. Real Estate
    Investment Property Considerations
    Property Management Services
    Commercial & Residential Brokerage Services
    Lending & Mortgage
  5. Retirement Planning
    Cash Flow Planning
    Withdrawal Strategy
    Social Security and Medicare Evaluation
    Business Succession
  6. Accounting & Tax Planning
    Bookkeeping
    Tax Planning
    Bill Paying
    Debt Management
    Balance Sheet Preparation
    Tax Return Preparation
    Budgeting & Spending
    Cash Flow Monitoring | Reporting
  7. Business Planning
    Cash Management
    Investment Banking
    Business Valuation
    Succession Planning
    Legal Work
    Corporate Governance
    Key Man | Buy-Sell
  8. Family & Lifestyle
    Finance Oversight
    Family Governance | Education
    Personal Banking
    Travel Planning Assistance
    Private Charter (Yacht & Air)

Eight Perspectives from Previous Editions of The Financierge:

1. Leverage Time Value of Money, Compounding and Dividend Investing – The idea behind time value of money is that a dollar today is worth more than a dollar in the future because of its potential for investment earnings. Furthermore, compounding allows your money to grow faster because the interest or dividends you earn are added to your principal and together they earn additional interest and dividends. This video below by David Bahnsen explains our core philosophy.

2. Identify and Manage Risk – As part of your financial planning, it is critical to identify and manage risk. There are many types of risk such as auto, home, plane, yacht, business, life, health, disability, long-term care and foreign travel. Some of the ways to manage risk include awareness, protective services, and insurance. Here are our perspectives on a couple of common risk management areas:

a. Improve Your Cybersecurity – One of the areas of risk management is security, not only physical security but cybersecurity. With identity theft on the rise, here are some ideas to improve cybersecurity – enroll in a credit monitoring service, add fraud alerts to your bank and credit accounts, opt out of pre-approved credit offers, use a shredder, install anti-spyware software, monitor financial accounts and credit reports, guard your social security number, download only certified software, limit social media (especially posting pictures while on vacation), secure your phone, provide information only to people you know, and keep your mail safe.

b. Consider Life Insurance Wisely – Properly designed life insurance can be a valuable risk management tool. It can provide income replacement, business continuity, and liquidity in estate planning. Just like your investment portfolio, your insurance portfolio should be constantly managed to ensure it is cost-effective, performing as planned, and in alignment with your needs and goals. If someone depends on your income to live, you should consider life insurance. If you have a business, you can use life insurance as part of a buy-sell agreement to buy out partners upon death and keep the business moving forward. If you have a lot of illiquid wealth such as real estate or a business, life insurance in irrevocable trusts can be used to create liquidity for estate taxes. If you don’t need your life insurance policy, it might be beneficial to sell it instead of surrendering it to the insurance company. Also, if your life insurance has a large cash value, you might be able to replace it with larger death benefit and/or reduce or eliminate premium payments.

3. Plan Charitably and Reduce Taxes – While there are many ways to reduce taxes, here are a few ideas to help your favorite charities:

a. Donate Assets with Long-Term Gains Directly to a Charity – As an alternative to cash, consider donating long-term appreciated securities (stocks, mutual funds, bonds), private company stock, and other assets like real estate and life insurance. If you donate directly to the charity, you won’t pay capital gains taxes, your charitable tax deduction will be bigger, and the charity will get more money.

b. Combine Cash with Long-Term Gain Assets – While donating appreciated securities may eliminate long-term capital gains, your deduction is limited to 30% of your adjusted gross income (AGI). However, if you combine your charitable gift with cash, you can increase your maximum charitable deduction because the limit for cash is 60% of your AGI. Remember, any unused charitable contributions can be carried forward for five years.

c. Bunch Charitable Gifts – “Bunching” means you combine multiple years of charitable giving into a single year to maximize your tax benefit. If you don’t know what charity you want to support or you don’t want to give a charity a gift all at once, you can consider contributing to a donor-advised fund and provide the gift later.

d. Consider a Donor-Advised Fund (DAF) – A DAF can be viewed as an investment account for public charity. You can contribute to a DAF, receive a tax deduction, your investment will grow tax-free, and you can distribute anytime to IRS-qualified charities at your discretion. As part of our Financial Concierge Service, we help clients evaluate DAF strategies, provide DAF investment management, and evaluate charitable grant requests.

e. Gift a Life Insurance Policy – you can transfer an existing life insurance policy to a charity. You will get an income tax deduction for the lower of policy’s value or cost basis, along with income tax deductions for additional cash gifts for premiums.

f. Consider an IRA Charitable Rollover – If you are age 70.5, you can distribute up to $100,000 (per individual) to an IRS-qualified charity tax-free. The distribution will also count toward your current year Required Minimum Distribution.

g. Use a Charitable Remainder Trust (CRT) – A CRT is an irrevocable trust providing current income payments to a non-charitable beneficiary (e.g., family members) followed by payment of the remainder interest to a charity. Any capital gains tax is deferred if trust sells assets and you get an income tax deduction for the present value of remainder interest.

h. Use a Charitable Lead Trust (CLT) – A CLT is an irrevocable trust providing current income payments to a charity followed by payment of the remainder interest to a non-charitable beneficiary (e.g., family members). You get a tax deduction for the present value of income interest (if grantor trust) and gift to heirs is the present value of the remainder.

i. Use a Pooled Income Fund – You can give to a charity-maintained fund and retain the income interest amount earned by the fund. Appreciated assets sold by the charity may avoid capital gains tax and you may receive an income tax deduction for the present value of remainder interest.

j. Use a Charitable Gift Annuity – You can give cash or property to a charity and receives a life annuity. You may be eligible for an income tax deduction for the excess of cash/property fair market value over the present value of the annuity.
Gift a Remainder Interest in Personal Residences and Farms – You can gift remainder interests to a charity but retains lifetime use. You may be eligible for an income tax deduction for the present value of remainder interest.

k. Gift a Qualified Conservation Contribution – You can give qualified real property interest to a charity solely for conservation use. You can retain the use or possession while benefiting charity. You may be eligible for an immediate income tax deduction for the value of the qualified contribution.

4. Review Your Estate Plan Annually – Estate plans are a critical component of wealth management. If you don’t have an estate plan, your state has one for you that could cost your heirs time, money, public exposure, and unintended consequences. If you don’t have an estate plan, you should strongly consider it. If you do have an estate plan, here are five things you should perform annually.

a. Meet with You Advisor and Estate Planning Attorney Annually – It’s important that you communicate life changes and make sure your estate plan is up to date and in alignment with current law.

b. Review Company Retirement Plan Beneficiaries – You should make sure your retirement account beneficiaries and contingent beneficiaries are listed correctly. In the absence of an appropriate beneficiary assignment, your heirs are subjected to the custodian’s default policy.

c. Review IRA Beneficiaries. You should make sure your IRA account beneficiaries and contingent beneficiaries are listed correctly. If the beneficiary is a trust, make sure you have a look-through provision, to ensure the IRA distribution aligns with the needs of your beneficiaries.

d. Update Power of Attorney – You should also make sure your financial and healthcare Power of Attorney is reviewed and updated annually. These legal documents are required to have a trusted person act in your place to make appropriate medical and financial decisions for you or your children should you lose the capacity to do so. You should also consider having the power of attorney for your young adult children so you can make medical and financial decisions once they turn 18.

e. Check Account Titling – Finally, you should check the account titling on your checking, savings, investment, life insurance, annuities, and property accounts for a consistent and proper title. If your trust is in one name, but your accounts are titled differently, it could delay and cost your heirs at the time of your death.

5. Maximize Your Social Security – Maximizing Social Security benefits can be complicated and may require an analysis of different options based on your circumstances. Here are eight considerations to keep in mind when filing for benefits:

a. Married Couples – Couples should consider their retirement income needs when filing for social security benefits. If possible, the spouse with the higher benefit should delay claiming up to age 70 to create the maximum retirement and survivor benefit.
Individuals Born on or before January 1, 1954 – Eligible individuals can file for spousal benefits when they turn age 66 and collect half of their spouse’s (or ex-spouse if married ten years) Full Retirement Age benefit while their own retirement benefit grows at 8% per year. At 70, when the delayed retirement credits end, they can switch to their benefit if it is greater.

b. Individuals born after January 1, 1954 – Individuals can only file for the highest amount of benefits to which they are entitled based on their age at the time of claim, whether on their earnings record or as a spouse, or ex-spouse if you were married at least ten years.

c. Surviving Spouses – Surviving spouses can file for their own retirement benefit or file for their survivor benefit and switch to the other later to maximize their benefit. Survivor benefits maximize at the Full Retirement Age but do not earn delayed retirement credits.

d. Single Ex-Spouses Who Were Married 10 Years or More – Divorced spouses born on or before January 1, 1954, can file for spousal benefits even if their ex-spouse has not yet claimed benefits and both former spouses are at least 62 and have been divorced at least two years. Divorced spouses born after January 1, 1954, must file for their highest benefits based on their age at the time of filing. Social Security benefits received by an ex-spouse do not affect what may be received by children or a new spouse.

e. Remarried Ex-Spouses Who Were Married 10 Years or More – Survivor benefits end upon remarriage. However, if a surviving spouse or surviving divorced spouse waits until age 62 or later to remarry, they can choose the better spousal benefit between their new spouse and any previous qualifying ex-spouse.

f. Disability Benefits – If an individual receives Social Security disability benefits, the individual’s spouse, or ex-spouse, may file for spousal benefits up to half of the disabled individual’s benefit amount. Disability benefits convert to retirement benefits at Full Retirement Age, but the amount stays the same.

g. Children Benefits – Children under age 18 or permanently disabled adult children may be entitled to dependent benefits of up to 50% of the parent’s retirement or disability benefits and survivor benefits after the death of the parent up to 75% of the parent’s benefit amount. Each dependent’s benefits can be reduced if the combined family benefits exceed maximum limits, usually 150% to 180% of an individual’s basic benefit amount.

h. Earnings Limit – An individual who collects a Social Security benefit before Full Retirement Age and continues to work is subject to earnings limits. In 2017, you would forfeit $1 in benefit for every $2 earned over $16,920 if you are under Full Retirement Age for the entire year. Earnings limits do not apply to investments or pensions and do not apply at or after your Full Retirement Age.

6. Proactively Plan for 2020 Taxes – In December 2017, Congress approved the largest overhaul of the U.S. tax code in three decades – the Tax Cuts and Jobs Act (TCJA). The TCJA made changes for individuals and businesses. For individuals, changes included new tax brackets and rates, new rules for deductions, alternative minimum tax, child tax credits, and estate and gift taxes. For corporations, the top tax rate was cut from 35% to 21%, and the corporate alternative minimum tax was eliminated. Below are twenty tax strategies to consider for 2020.

a. Maximize Your Retirement Plans – Whether you have access to a company-sponsored retirement plan, you own small business, or you are self-employed, set up the right plan and contribute the maximum amount allowable. 401(k) plans allow you to contribute a maximum of $19,500 (2019 – $19,000) and another $6,500 (2019 – $6,000) catch-up if you are over age 50.  A company match makes it even more beneficial and helps the company reduce taxable income while possibly increasing employee performance and retention.

b. After-tax 401(k) contributions – If your employer allows after-tax contributions to your 401(k), you also get the advantage of the $57,000 limit ($56,000 – 2019). It’s an overall cap, including your $19,500 ($19,000 – 2019) pre-tax or Roth salary deferrals plus any employer contributions (but no catch-up contributions).

c. Contribute to an IRA – Depending on your income, you may be able to get a tax deduction for your contribution to a traditional Individual Retirement Account (IRA) of up to $6,000 (2020 & 2019) for those age 49 and under, and $7,000 for those age 50 and older. Your IRA deduction may be limited if you contribute to a company-sponsored retirement plan, the type of income, and the amount of income. For 2020, if you participate in any company retirement plan, your ability to deduct your IRA contribution phases out if you have between $65,000-$75,000 ($64,000-$74,000 – 2019) of adjusted gross income (AGI) and are a single filer, or $104,000-$124,000 ($103,000-$123,000 – 2019) if filing jointly or if you are a qualified widower. The deduction is phased out between $196,000-206,000 ($193,000-$203,000 – 2019) if married filing jointly when one spouse is a company retirement plan participant. Note: you must have earned income to make an IRA contribution – for example, investment income does not count but rental income does.

d. Use Roth IRA – In 2020, the AGI phase-out range for making contributions to a Roth IRA is $196,000-$206,000 ($193,000-$203,000 – 2019) for married couples filing jointly. For singles and heads of household, the income phase-out range is $124,000-$139,000 (122,000-137,000 – 2019). If you earn too much to open a Roth IRA, you can open a nondeductible IRA and convert it to a Roth IRA as Congress lifted any income restrictions for Roth IRA conversions.

d. Don’t Forget SEP IRAs and Solo 401(k)s – For the self-employed and small business owners, the amount you can save in a SEP IRA or a solo 401(k) is $57,000 ($56,000 – 2019). That’s based on the amount you can contribute as an employer, as a percentage of your salary. The compensation limit used in the savings calculation is $285,000 ($280,000 – 2019).

f. Open a Defined Benefit Plan – The limitation on the annual benefit of a defined benefit plan goes up to $230,000 ($225,000 – 2019). These are powerful pension plans if you are a high-earning, self-employed individual.

g. Sell Depreciated Holdings – For those who have depreciated holdings, you might want to consider selling these positions and using the losses to offset taxable gains.

h. Manage Your Marginal Tax Rate – Watch the tax rate you pay on the next dollar of income you earn as you move to higher income brackets with higher taxes. For example, it might be better to defer income like bonuses, self-employment income, retirement plan distributions, and U.S. T-Bill income until next year.

Source: IRS.com

i. Distribute Your Roth IRA Wisely – Roth IRA withdrawals are tax-exempt and it may help you avoid jumping to a higher tax bracket versus other income alternatives. Also, if you are getting Social Security before your full retirement age, it may prevent an increase in taxable income as a result of the Social Security earnings test.

j. Alternate Years Between Standard and Itemized Deductions – You may have itemized in the past and now the standard deduction may be a better choice.

Source: IRS.com

One option may be to alternate every year between the standard deduction allowance and itemized deductions to get the greatest deduction. This can be accomplished by bunching expenses in one year together. For example, if you bunch expense items like charitable contributions, medical expenses, property taxes, and mortgage interest into one year, you may be able to get a higher itemized deduction.

k. Bunch Charitable Giving – It may be helpful to combine your charitable deductions every other year to exceed the new higher standard deduction. If you want to get the deduction but haven’t decided who or when you want to distribute, you can contribute to a donor-advised fund (DAF) and decide later. Also, deductions for cash donations to public charities has increased to 60% of adjusted gross income. One other idea to keep in mind is that you can make gifts to charities, donor advised funds, charitable remainder trusts, and family foundations with appreciated assets. For example, you can gift stock with high gains instead of selling them, paying taxes, then making a donation. It’s a win-win for you and the charity.

l. Bunch Medical Expenses – Medical expenses can be deducted if they exceed 10% of your adjusted gross income. It may be worthwhile to bunch these expenses.

m. Give a Gift – Besides making you feel good, you can give a gift of up to $15,000 per person without paying a gift tax. As an example, you and your spouse could give your children and/or your grandchildren $30,000 each into their trust, IRA ($6,000 limit each), 529 Plan ($75,000 one-time limit each), or you can make an unlimited gift directly to educational institutions and/or medical facilities.

n. Harvest Tax Losses – Harvesting tax losses is the practice of selling a security that has a loss to offset taxes on both gains and income. The sold security is replaced by similar security so that the optimal asset allocation and expected returns are maintained. We automatically do this for our clients.

o. Donate Your RMD – If you and your spouse are age 70 1/2, you both may be able to make a direct donation to a qualified charity from your retirement account up to $100,000. The required minimum distribution (RMD) will still count, but the donation will be excluded from taxable income. Remember you will not be able to also use this for a charitable deduction.

p. Pay Yourself, or Not – If you are an owner of an S corporation, make sure you pay or defer compensation by December 31st.

q. Review Trust Distributions – You should review distributions of income from trust accounts and estate accounts to lower your tax liability.

Source: IRS.com

Estates and trusts are taxed at the highest income tax rate (and a lower threshold at which the 3.8 % Medicare surtax applies). Therefore, it may be worth distributing income to beneficiaries with a lower income tax rate.

r. Remember Capital Gains and Qualified Dividends in Your Planning – Long-term capital gains are taxed using different brackets and rates than ordinary income and can provide significant tax savings. In addition to the rates listed in the table below, if you are a higher-income taxpayer, you may also have to pay an additional 3.8% net investment income tax.

Source: IRS.com

s. Consider a Health Savings Accounts (HSA) – To qualify to contribute to an HSA in 2019, you must have a health insurance policy with a deductible of at least $1,400 ($1,350 – 2019) for single coverage, or $2,800 ($2,700 – 2019) for family coverage. You can contribute up to $3,550 ($3,500 – 2019) to an HSA if you have single coverage or up to $7,100 ($7,000 – 2019) for family coverage. If you’re 55 or older anytime in 2020, you can contribute an extra $1,000 (same for 2019). Note: you cannot contribute to an HSA after you enroll in Medicare.

t. Review Estate Planning – It’s also important to remember that most of the provisions of the TJCA will be temporarily in effect through December 31, 2025. For that reason, it is important to review and take advantage of estate planning as the TCJA substantially increased the unified gift ($15,000 per person – 2019 and 2020) and estate tax exemption ($11.58M per person, $11.40M – 2019), as well as the generation-skipping transfer tax exemption ($11.58M per person, $11.40M – 2019). Non-grantor trusts, dynasty trusts, grantor retained annuity trust (GRAT), and spousal limited access trusts (SLAT) may also be viable estate and tax planning options.

These are only a few tax strategies. There are other strategies like optimizing the Qualified Business Income Deduction (Sec. 199A), reducing capital gains by using qualified opportunity zone investments, using installment sales to lower-income over a time period, and using qualified small business stock exclusions. Please reach out to us or your CPA to see what alternatives are right for you.

7. Assess Your Business Succession Plan and Your Retirement Plan – The sale of most businesses represent a primary source of an owner’s retirement capital. Unfortunately, some business owners don’t have a written business succession plan nor a retirement plan. The following is a summary of the seven steps we use to help business owners prepare for business succession and retirement planning.

a. Establish Your Team and Process – The first step is to surround yourself with wise counsel – a wealth advisor, investment banker, CPA, appraiser, attorney. We help coordinate your team to advise on a multitude of areas such as tax, wealth, business valuation, family, and legal. We will also establish a planning process and key measures to track your progress.

b. Determine Your Goals – Once you have assembled a team, we help you identify your goals, timeframes, and evaluate alternatives across key areas such as family legacy, retirement, tax, estate planning, business, and philanthropic goals. In deciding when to sell your business, there are several business and market conditions that will help you determine the right timing. These conditions include historically high valuations and tailwinds; your business has experienced multi-year growth in revenue and profits, the value of the company exceeds your retirement needs, and or competitors are selling. Or it just might be for personal reasons like insufficient working capital, divorce, partnership dissolution, or it’s just time to retire.

c. Identify Business and Personal Financial Resources – In this step, we help you quantify business and personal financial resources. We also help you identify the role of business value and business cash flow in the exit planning process. As part of this, we also help isolate the critical factors or information necessary to determine business value such as the projected future cash flow of the business.

d. Maximize and Protect Business Value – It is important to look at the drivers of business valuation along with competitive benchmarks. The objective is to look at areas to grow business value such as products and services, key business functions, people, earnings, balance sheets, processes and practices, people, governance, customer base, tax minimization strategies, and key employee incentive plans.

e. Identify the Optimal Ownership Transfer Path – Whether you transfer to a third-party or insider, we help you identify and understand the various alternatives that may be encountered in selling a business. While most sales are to third-parties, transfers to the next generation or management/employee(s) buyouts are also popular. There are typically eight primary transfer strategies – transfer of the company to a family member(s), sale to one or more key employees, sale to employees using an employee stock ownership plan (ESOP), sale to one or more co-owners, sale to an outside third party, initial public offering (IPO), liquidate, or some combination.

f. Ensure Business Continuity – Unless you liquidate, business continuity is critical to business value. In this step, we help to understand and identify solutions that support the continuity of leadership, ownership, and business operations. We also help evaluate if a buy-sell agreement (where the business or partners buyout partners using life insurance or debt) is a good option for your business.

g. Build a Comprehensive Financial Plan – An important part of your business succession plan is to identify, evaluate and implement strategies across your multi-generational family, tax, estate, investment, retirement, and philanthropic goals. We look at all of these areas holistically and comprehensive.

8. Use Wise Counsel to Plan Comprehensively for Multigenerational Success and Significance –  We invest a lifetime into our families, businesses and wealth, yet throughout the world, it is common to see wealth lost within three generations. Oftentimes, the first generation creates wealth, the second generation preserves it, and the third generation consumes it. The cause for this is a failure in proper planning and readiness of heirs to receive the wealth. Our goal is to help clients build multi-generational strategies to leave a lasting legacy. The following are four components of a comprehensive family wealth legacy plan.

a. Family Legacy – the first component of a legacy plan deals with family. It’s about a family’s history and culture, shared values, mission, and well-being. Cohesive families communicate their history and culture, create a family mission statement, implement governance, and begin to prepare heirs to receive wealth. One trend we see is that families are not only preparing to leave a legacy, but they are living a legacy now. Some examples include going on vacation together around a family planning meeting, writing a monthly blog with family stories and news, bringing in advisors for life and financial education, and preserving or starting family traditions.

b. Financial Legacy– the second component of a legacy plan is focused on integrated wealth planning. At the heart of leaving a financial legacy is a proper understanding of the needs and goals of each family along with a holistic and comprehensive financial plan.

c. Family Business Legacy– this third component of a legacy plan involves the family business. It’s where wealth originates for some families. Planning in this area helps to ensure the continuity and success of the business. Areas of consideration include business valuation, succession planning, tax planning, family involvement, and exit strategies for selling, merging or gifting the business.

d. Philanthropic Legacy –this fourth and final component of family wealth legacy plan is where the lasting contribution of the family resides – by giving back in a meaningful manner. Considerations in this area include developing a donor vision and mission statement, governance procedures, family roles and responsibilities, advisory boards, and a plan for succession.

*******

Bottom Line

At The Bahnsen Group, our objective is to provide you with comprehensive, holistic services to help you grow, protect, and steward your wealth toward a multigenerational legacy of success and significance. Please reach out to us to help you assemble the right team, develop a plan and process, and determine the optimal strategy for your family, wealth, business and philanthropic goals.

2020 is upon us! Happy New Year!

Warm and best regards,

Don B. Saulic, CFP® CPA

Managing Director, Partner

dsaulic@bahnsengroup.wpengine.com

The Financierge Library (by Publish Date)

Business Planning
Business Entity Structures and New Tax Law Considerations (Aug 20, 2018)
Five Charitable Planning Perspectives to Know Before You Sell Your Business (Aug 20, 2018)
Two Estate Planning Tips for Your Businesses (Aug 20, 2018)
Four Strategies to Preserve Your Business’ Future (Aug 20, 2018)
Do You Have a Business Succession Plan? 
(Aug 15, 2019)

College Planning
Five Ideas About 529 College Savings Plans (Nov 2, 2017)

Charitable Planning
Twelve Charitable Planning Ideas to Reduce Income Taxes in 2018 (Feb 14, 2018)
Five Charitable Planning Ideas (Nov 20, 2018)

Estate Planning
Five Annual Estate Planning Tasks (Nov 2, 2017)
Four Components of a Wealth Legacy Plan (Nov 20, 2018)
Live and Leave a Strategy (Feb 4, 2019)

Investment Planning
Dividend Stock Investing (Feb 14, 2018)

Lifestyle Planning
Six Items to Keep in Your Vault (Nov 16, 2017)
Twelve Proactive Tips to Fight Identity Theft (Nov 16, 2017)
Twelve Ideas to Guard Your Family in a Digital World (Nov 16, 2017)
Is Your Lifestyle Balanced and in SHAPE? (Nov 20, 2018)
F
amily Governance – The Key to Multigenerational Wealth Transfer (Jun 19, 2019) 

Real Estate Planning
Four Points to Ponder Before Buying or Leasing a Home (Jun 22, 2018)
Six Considerations About Mortgages, Refinancing, and Taxes (Jun 22, 2018)
Five Elements of Reverse Mortgages (Jun 22, 2018)
Four Perspectives to Consider in Deciding to Move to a State with Lower Taxes (Jun 22, 2018)

Risk Management and Insurance Planning
Starting Social Security Benefits – Ready, Set, Hold!? (Nov 2, 2017)
Nine Considerations to Maximize Social Security Benefits (Nov 2, 2017)
Lifestyles of the Affluent and Exposed (Nov 16, 2017)
Eight Benefits of Health Savings Accounts (Mar 16, 2018)
Seven Ideas for Life Insurance (Mar 16, 2018)
Six Considerations About Long-Term Care Insurance (Mar 16, 2018)
Who’s Your Wingman or Wingwoman
 (Apr 3, 2019)

Retirement Planning
Starting Social Security Benefits – Ready, Set, Hold!? (Nov 2, 2017)
Ten Things to Know About IRAs and Saving for Retirement (Feb 14, 2018)
C
heers to Your Health, Wealth, and Wisdom (Jan 15, 2019).

Tax Planning
Twenty New Tax Reform Bill Changes (Feb 14, 2018)
2018 Year-end Tax Planning Strategies (Dec 17, 2018)
2019 Tax Planning Strategies (Feb 24, 2019)

The Bahnsen Group is registered with HighTower Securities, LLC, member FINRA and SIPC, and with HighTower Advisors, LLC, a registered investment advisor with the SEC. Securities are offered through HighTower Securities, LLC; advisory services are offered through HighTower Advisors, LLC.

This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.

All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and HighTower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.

This document was created for informational purposes only; the opinions expressed are solely those of the team and do not represent those of HighTower Advisors, LLC, or any of its affiliates.

About the Author

Don B. Saulic

Managing Director, Partner

Don is a Partner in the team’s Private Wealth Management practice specializing in helping affluent families develop comprehensive strategies for all phases of wealth accumulation, preservation, and transfer.

He also leads our Financial Concierge Services platform of professional alliances and serves as the editor of The Financierge.

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