Hiring a wealth advisor can be a great way to get your finances in order and achieve your investment goals. However, it’s important to do your due diligence before hiring anyone so you can find an advisor who is qualified, experienced, and receptive to your needs. One way to do that is by asking these ten questions.
A lifestyle of luxury may be just a dream for most, but high net worth individuals can routinely indulge in exotic travel, fine dining, and the world’s nicest automobiles. In this blog post, we take a break from the markets and economy while we delve into the world of luxury living, exploring some of the most sought-after experiences, possessions, and services that high net worth individuals most commonly covet.
Happy St. Patrick’s Day! As we end another interesting and volatile week in markets, we wanted to share some updates and observations.
Given the turmoil in the market today surrounding the FDIC takeover of Silicon Valley Bank (SVB), we thought some context may be helpful.
The Pass-Through Entity Tax (PTE) is a great tool for taxpayers in high-income states such as California and New York. The PTE allows an entity taxed as a partnership or S Corporation to make a tax payment on behalf of its partners. The business pays an elective tax of 9.3% of qualified net income to the Franchise Tax Board. Individual partners then receive a credit for state taxes paid on their individual state tax return for their pro-rata share. In this video, we explain the benefits, some important considerations, and offer an example of the Pass-Through Entity Tax (PTE).
We just completed the Boyd Wealth Management 2023 Economic Outlook breakfast, which was our 15th annual! In case you missed the event, Ryan and I recorded a brief video recapping the Outlook and going over our Asset Allocation Quilt, including our favorite slides from the presentation.