In today’s financial landscape, the concept of investments and wealth has become increasingly important. This is especially evident in regions like Portland, Oregon, where people are becoming more conscientious of their financial standing and future. With such a dynamic and complex economic environment, a pressing question emerges: Do I need professional help with investments and…
Facing A Personal Debt Crisis? Ron Carson, Contributor The U.S. debt crisis continues to capture headlines—and rightly so. Servicing the nation’s $31.38 trillion in debt is one of the federal government’s biggest expenses. According to the Office of Management and Budget, net interest payments on the debt are estimated at $395.5 billion this fiscal year, comprising 6.8%…
Kristin McKenna, Senior Contributor April 21, 2023 Losing a spouse can be an overwhelming and emotional experience. While it’s possible to organize financial documents ahead of time, there’s no way to truly prepare. Unfortunately, during the grieving process surviving spouses also need to navigate the complex financial issues that arise after the death of…
Celebrating Financial Literacy Month This month at The H Group, we are celebrating Financial Literacy Month and will highlight free financial educational programs available online. We are dedicated to providing the tools needed to make smart financial decisions for you and your family. Let’s begin with teaching our children about money. Visit Financial Literacy for Kids: Lessons, Activities, Delivery Tips…
3 Simple Steps to Building Wealth By THE INVESTOPEDIA TEAM Building wealth is a topic that can spark heated debate, promote quirky get-rich-quick schemes, or drive people to pursue transactions that they might otherwise never consider. But is “three simple steps to building wealth” a misleading concept? The simple answer is no. Basically, to accumulate…
Family Values and Wealth Planning Putting Values at the Center of Wealth Planning By Sarah Max The Covid-19 crisis has taken away so many things—lives, livelihoods, and daily life as most people know it. It has magnified income inequality, and stirred up feelings of fear, guilt, gratitude, and generosity. It has also forced families…
Daniel Mangena Nov. 4, 2022 “You can’t take it with you” — how often have you heard that? It’s an oft-abused phrase employed, usually within the context of a person amassing wealth or assets beyond their needs. What it speaks to is intent, and that’s what building multi-generational wealth is all about:…
You will need to think about the disposition of your assets at your death and any tax implications. Statistically speaking, women live longer than men. So, if you are married, you’ll also probably have the last word about the final disposition of all of the assets you’ve accumulated during your marriage. You’ll want to consider…
Here are some key numbers associated with estate planning, as well as the federal gift tax and estate tax rate schedules for 2022 and 2023. 2022 2023 Annual gift tax exclusion: $16,000 $17,000 Gift tax and estate tax applicable exclusion amount: $12,060,000 1 + DSUEA 2 $12,920,000 1 + DSUEA 2 Noncitizen spouse annual gift tax exclusion: $164,000 $175,000 Generation-skipping…
By Ashlea Ebeling Oct. 27, 2022 Many Americans will see their tax burden drop next year because of inflation adjustments made by the Internal Revenue Service. Some will benefit more than others. The inflation adjustments affect tax deductions for workplace benefits such as 401(k) retirement accounts and commuter accounts./PHOTO: GETTY IMAGES The IRS makes annual…