Category: Wealth Advice / Estate Planning

Creating an estate strategy is all about helping ensure that your final wishes are carried out in the event of your death and your assets are transferred to your heirs with managing taxes in mind.

Trying to live by the rules can be challenging, especially when it comes to your finances. Do you save for retirement or buy your dream home? Choices are important and decisions are hard. When it comes to your finances, here are some of the important rules to follow.

At Maxwell Locke & Ritter, our Family Office service line goes beyond traditional accounting and tax needs by offering individual clients a blend of services tailored to care for their family’s financial well­-being.  The strength of this service comes from our dedicated team with years of experience in bookkeeping, tax planning, estate planning, succession planning, portfolio accounting and all the services needed to manage a family’s finances.

Our affiliate, ML&R Wealth Management, is celebrating their 20 year anniversary in 2017.  For the next 20 years and beyond, they want to continue to be a trusted advisor for their clients and with that in mind, they are pleased to announce the launch of their new website.

As you may have heard in the news, components of the Department of Labor’s fiduciary rule finally went into effect on June 9th. You can add the date as the latest significant date to the running timeline for the Department of Labor’s fiduciary rule

Americans work hard to make a living and earn a dollar. However, many Americans have little or no money set aside for retirement. Savings must be part of our day-to-day ritual with money. It is important to set up a savings routine without getting overwhelmed. Here are some tips to make saving for retirement a little easier.

A living trust is a popular consideration in many estate strategy conversations, but its appropriateness will depend upon your individual needs and objectives.

As parents, we continually struggle to pass knowledge on to our children. Unfortunately, sometimes the financial knowledge we want to share is either left off the list or lost in translation. Whether your child is five or twenty-five, there are lessons you can teach around money to give them a strong financial start in the world.

Building a budget is a task most of us dread. In order to build up your savings, you need to be accountable for your spending. Family finances can be overwhelming, but the math is simple- to build savings to accomplish short and long term goals, we need to spend less than we make.

Each generation in America has their own unique struggles and challenges.  Baby Boomers came of age post World War II with parents that either survived the depression, the war or both.  This forever melded their financial outlook on life.  Generation X’ers are the sandwich generation balancing the world of entitlement for their Millennial children and taking on the care of their Baby Boomer parents as they slide into their golden years.  Millennials will have their own battles to fight and dragons to slay.  They will face a world of excessive college debt and difficulty finding jobs in their chosen fields.  Others will either incur high housing costs or deal with moving back home with parents.  How do they best approach and conquer this challenge in their lives?  Here are some tips Millennials should consider when planning out their financial future.