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What Happens If I Live a Long Life and Need Long Term Care?

People consider the financial and emotional cost of long-term care only after a close friend or family member is impacted by chronic illness. The good news is we are living longer lives. The bad news is statistics show many of us will require long-term care—despite our human nature to believe otherwise. AAFCPAs Wealth Management encourages our clients to proactively consider the statistics and to ask: if I am one that... continue reading

Upstream Trusts May Be Solution to Eliminate Capital Gains

In light of recent increases in limits for federal estate tax exemptions under the Tax Cuts and Job Acts (TCJA), AAFCPAs advises clients to consider the suitability of an Upstream Trust as a strategy for taxpayers who have highly appreciated assets to save money on capital gains tax. Upstream Trusts are a new option that AAFCPAs utilizes since the passing of TCJA, which involves taking advantage of the largely unused... continue reading

Social Security Benefits to Increase by 1.6% in 2020

AAFCPAs Wealth Management would like to make clients aware that the Social Security Administration announced today that Social Security and Supplemental Security Income (SSI) benefits for nearly 69 million Americans will increase 1.6 percent in 2020. Cost-of-living adjustments (COLA) have averaged 1.4 percent in the past decade. The 1.6 percent adjustment will begin in January 2020. Increased payments to SSI beneficiaries will begin on December 31, 2019. The maximum amount... continue reading

Tax Incentives Abound for Charitable Remainder Annuity Trusts

A Charitable Remainder Annuity Trust (CRAT) is a type of charitable tax planning strategy in which a donor contributes assets to a charitable trust which subsequently pays a fixed income to a designated beneficiary, in the form of an annuity. A CRAT lasts until the donor passes away, at which time any funds remaining in the trust are then donated to a charity pre-chosen by the donor. This strategy is... continue reading

Dow Plunges 800 Points, Fundamentals of US Economy Still Strong

As you may be aware, the Dow Jones Industrial Average plunged 800 points yesterday, August 14th, marking the worst single day point drop of 2019. The media attributed the plunge to a slowing global economy, a trade war with China, and an inverted yield curve. The 10-year treasury rate for a time on August 14th dropped below that of the 2-year treasury rate. This inverted yield curve means that if... continue reading

Don’t Let the New Tax Act Affect Your Giving Goals

The Wall Street Journal recently reported that charitable giving had its largest decline since the 2008-2009 financial crisis, citing circumstances such as 2018 tax-law changes and a late-year stock-market dip as the reasons for the decline. At AAFCPAs Wealth Management, we know that taxes are not the reason you give; however, they may affect how much you give, the timing of your gifts, and the vehicle you use. We have... continue reading

Personal Financial Health Check

Listen to Podcasts:   As the flight attendants often say, “It’s critical that you put your oxygen mask on first, before helping others…” This is an important metaphor for all who lead the charge to realize impact on your missions—while maybe sacrificing the time it takes to achieve personal financial health! This fast-paced session led by AAFCPAs Wealth Management’s Wealth Advisor and Partner Carmen Grinkis provides tools so you may begin to... continue reading

AAFCPAs Wealth Management Reflects on the Q1 2019 Market Turnaround, and Provides Guidance on Achieving an All-Weather Portfolio

AAFCPAs Wealth Management Reflects on the Q1 2019 Market Turnaround, and Provides Guidance on Achieving an All-Weather Portfolio

In January, we wrote to you about 2018’s fourth quarter meltdown, and three months later the markets reversed course and shot higher. Two of the main issues that plagued the market in Q4 2018, tariffs and the Fed, have moved to the back burner. First, although there are mixed messages coming out of Washington and Beijing, there does seem to be some momentum towards resolution of the trade impasse. The... continue reading

AAFCPAs Wealth Management Adds Depth to Wealth Advisory Expertise by Welcoming Kevin Hodson

AAFCPAs Wealth Management Adds Depth to Wealth Advisory Expertise by Welcoming Kevin Hodson

AAFCPAs Wealth Management, an affiliate company of AAFCPAs, is pleased to announce the addition of Kevin Hodson, Wealth Advisor.  Kevin joins our growing team of advisors after 18 years of experience in financial services, as well as 6 years active duty in the United States Marine Corps. Kevin is driven by strong ethical values, and high standards of excellence. These values and standards impact his success as a Wealth Advisor... continue reading

AAFCPAs Wealth Management Reflects on Q4 2018 Market Volatility, and Provides Guidance on What Investors Should Do

AAFCPAs Wealth Management Reflects on Q4 2018 Market Volatility, and Provides Guidance on What Investors Should Do

Warren Buffett, one of the world’s most famous investors, is often quoted as saying “be fearful when others are greedy and greedy when others are fearful.” You might say that is easier said than done and we won’t disagree with you. Obviously, there is a great deal of fear right now among investors as a result of recent market volatility and the impact on portfolios. Q4 2018 has been the... continue reading