Wealth Advisory
2023
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11.29
Managing Generational Change in Family Business
Running a business in today’s global economy is challenging due to rapidly evolving technology, changing consumer preferences, and economic uncertainties—which all require constant adaptation and innovation to remain competitive. When the company is closely held or family-owned, however, the complexities may increase tenfold. There are additional emotional and psychological elements to contend with, legacy concerns, […]
2023
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11.21
Job Change? Now is a Good Time to Revisit Your Financial Plan
When you change employers, embark on a long sabbatical, take early retirement, or experience any sort of significant career shift, you face a new set of financial challenges. A new job might reverse plans or steer you in a new direction. You might need to reassess what you value, how you manage assets, and what […]
2023
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11.10
Two Tax-friendly Vehicles for Charitable Giving
Since the IRS nearly doubled its standard deduction in 2017, a large number of taxpayers no longer itemize and, therefore, do not receive the associated deduction for charitable contributions on their tax return. But taxpayers may still garner a tax benefit from charitable giving with a little creativity. AAFCPAs and AAF Wealth Management advise that […]
2023
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11.07
3.2% Cost-of-living Adjustment in 2024
The Social Security Administration recently announced a 3.2 percent cost-of-living adjustment (COLA) for 2024. While this is higher than its 2.6 percent average annual increase over the past two decades, it is down from an 8.75 percent increase in 2023, which marked the largest in 42 years. This increase is slated to affect 66 million […]
2023
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10.27
How MA Tax Reforms Might Affect High-Net-Worth Individuals Tax Webinars to be Hosted Next Week
Massachusetts lowered taxes for the first time in 20 years, but changes may not be compelling enough to anchor high-net-worth individuals who are looking to leave the state for a more favorable tax environment. While new legislation increases the estate tax exemption to $2,000,000, Massachusetts remains less competitive alongside the 13 other states that offer […]
2023
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10.19
AAF Wealth Management Q3 Market Insight
The intricacies of market performance are deeply intertwined with various external factors, including inflation, interest rates, political shifts, geopolitical affairs, and natural disasters. This includes, sadly, the current humanitarian crisis in the Middle East. It is heart-breaking to see these events unfold in a region whose people have known such profound suffering for far too […]
2023
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10.03
From the Desk of Carmen Grinkis
Clients often come to us because of some kind of transition or challenge. They may be heading into retirement, navigating a divorce, or coping with the loss of a loved one. In all these cases, there is so much more to consider than how investments are performing. Especially as we age, we find ourselves building […]
2023
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10.03
From the Desk of Jonathan Bloom
On the Desk This time of year, we have an opportunity to step back and understand how things are progressing with your financial plan. Between interest rates, inflation, market volatility, and year end on approach, there is plenty to consider and still time to make strategic adjustments. It brings to mind one of my favorite […]
2023
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09.27
From the Desk of Kevin Hodson
On the Desk The Federal Reserve just concluded their most recent Federal Open Market Committee (FOMC) meeting on 9/20. In the post-meeting presser Wednesday afternoon, Fed Chairman Jerome Powell indicated that the Fed is “close to done raising interest rates.” However, they’re not about to ease up on the Federal Funds Rate which presently stands at 5.25% […]
2023
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09.27
From the Desk of Andy Hammond
On the Desk The last few months of the year are always a busy time. We’re helping our clients with year-end planning, tax strategies, and budgeting that comes into play with 2024 just around the corner. Last year, the name of the game was tax loss harvesting, and we still have room to be strategic […]