Wingate Wealth Advisors, Inc.

As children grow into young adults, it’s exciting to see them gain their sense of independence and freedom. At the same time, parents experience a shift as well, particularly when it comes to their cash flow and finances.? ? It’s not unusual to come across critical considerations like…? ?? How does my savings plan change?? ?? Should I cosign my child’s loan?? ???? Are they responsible enough to become executors of my estate?? ? In our latest blog post, we’re sharing our take on a few of these top concerns, along with several others your family may be likely to encounter in the coming years.? Thank you to The Parents Estate Planning Law Firm, PC for their invaluable input in this blog! ? Check it out now: https://lnkd.in/eQuMHq8T

Though taxes are one of the few certainties in life, there sure is a lot of uncertainty surrounding the state of our current tax system. ? Major tax legislation overhauled the system in 2017, which impacted our existing tax rates, estate tax exemptions, deductions, credits, and more. But with those original provisions set to expire in 2026, are we headed back to a previous era of tax rulings? ? Or is it possible these expiring provisions will be renewed for the foreseeable future? ? Only time will tell. But for now, let’s take a look at what could be changing in the coming year, depending on what legislation gets passed. ? Check out our latest post here ??: https://lnkd.in/eayZ9bCp

Finding the right financial advisor can be a game-changer for high-net-worth investors. But with so many options, how do you identify the one who truly aligns with your needs and goals? From understanding an advisor’s niche to assessing their fee structure, there are a number of important considerations that can impact the long-term success of your advisor-client relationship. In our latest blog, we share five of our top tips for choosing the right financial advisor for you and your family. Read the full article here: https://lnkd.in/e6G3fY8y

We’re pleased to share some wonderful news with you! Wingate Wealth Advisors has been named to the annual CNBC Financial Advisor 100 for 2024, marking our third consecutive year on this prestigious list. This recognition highlights the top investment advisors nationwide, and we’re proud to be the only firm in Massachusetts to achieve this distinction three years in a row. ??

President Biden recently signed The Fairness Act, which repeals the Social Security reduction provisions known as the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). The WEP and GPO impacted individuals who also receive a pension from work not covered by Social Security, such as many federal, state, and local government jobs. This change means that individuals affected by these provisions may now be eligible for increased Social Security benefits. This repeal is retroactive to January 1, 2024, meaning eligible individuals should receive payments adjusted to reflect the higher benefit amount starting from that date. Details on how Social Security will issue reimbursements for reduced payments already received are still being finalized. https://lnkd.in/g3i3iaXv!

Considering Massachusetts is home to some of the country’s most expensive private schools, it comes as no surprise that tuition averages around $26,203 annually (and it’s only going up from here). Multiplied across your child’s academic career, the costs can easily add up to a significant amount of money. If you’re thinking about sending your child to private school, it’s important to consider what sort of private school is right for you and, of course, how you’ll cover the costs. In our latest insights, we’re reviewing a few key considerations about covering the costs of private school and what Massachusetts families need to know.

Imagine working your whole life to build an estate that can provide for your family for generations to come—only to leave to decisions about how it’s distributed up to the courts. Estate planning is about more than deciding who receives what after your passing. It’s about controlling your legacy and sharing your wishes with others, even when you’re unable to. Yet, only 33% of adults have any type of estate planning documents in place. In our latest blog post, Liz Drake helps us cover the six essential elements you should consider including in your estate plan. Plus, we’ve provided a few tips for keeping taxes top-of-mind when building out your future wealth transfer strategy. Check it out now: https://lnkd.in/eRNCwzX4

After four long years, interest rates finally dropped in September, with more cuts expected. ? The Fed’s rate slash affects millions of Americans and businesses, from how much house you can afford to how certain stocks perform. The key for investors and consumers like you is to stay informed and aware of when rates are dropping and what they have the potential to impact. ? Learn in our latest blog how interest rates can affect inflation, the economy, and most importantly, your financial strategy. ? Start here to learn what you need to know and map out your future with confidence:? ? https://lnkd.in/e-nEg5-n #federalreserverates #interestrates #rateslash

Whether you’re looking into Medicare for the first time, or taking advantage of annual enrollment to update your strategy, we’ve broken down the critical choices you must make into a simple decision-making tool (including the easy-to-understand questions you MUST ask yourself before choosing a plan). https://lnkd.in/epruGtUb

With proper estate planning in place, the adjustment to the MA Estate Tax can help high-net-worth families transfer?more?to intended beneficiaries. We interviewed Nikolaus Schuttauf at Day Pitney LLP?to discuss how to best optimize this change in tax law by leveraging the cooperation of a financial advisor and attorney.? https://lnkd.in/eQA9fNp6 ?