Finding the Sweet Spot in Your Financial Plan - February 22, 2024
Equilibrium Wealth Advisors
Wealth Management firm serving physicians, retirees, corporate leaders, and business owners.
Finding the sweet spot in your finances is striking the balance between the many paradoxes that come with success:
A good financial plan can help you navigate and calibrate your life by design which we define as living stress free now and looking back with no regrets later.
In This Issue You Will Find...
I. Market Commentary
II. Top 3 Weekly Picks
III. Weekly Blog
IV. Weekly Podcast
Market Commentary
The Markets
Don’t fight the Fed. The Federal Reserve (Fed) is the central bank of the United States. A longstanding bit of investment wisdom is: Don’t fight the Fed. It means that investors should align their strategies with the Fed’s monetary policy. Economic growth is influenced by Fed policy, and stock markets tend to reflect the economy, rising when it grows and falling when it contracts. As a result, Kent Thune of The Balance reported, when the Fed is:?
EWA's Weekly Picks
What is Quality Investing? LEARN MORE
领英推荐
What We're Learning: Simply Said: Communicating Better at Work and Beyond
By: Jay Sullivan
Do you ever feel like your message got lost along the way? Do people consider your ideas? We are all better at communicating when we focus less on ourselves and more on other people. Learn how to hear and be heard with this book.
Team Takeaways:
1. The key to small talk is simple. Ask, listen, and then ask more.
2. Communication skills are not about right and wrong - they are more about effectiveness.
3. To be a strong leader is to be a strong listener.
4. Always focus on the impact you will leave on your audience.
Weekly Blog
Estate planning, an essential component of comprehensive financial management, often encounters widespread misunderstandings and complexities. Understanding the intricacies of estate planning is crucial for making informed financial decisions that can significantly impact your family's future. Estate planning is not only for the ultra-wealthy; it's vital for anyone looking to secure their financial legacy and ensure their wishes are carried out efficiently and privately.
Among the critical choices families face is the decision between revocable and irrevocable trusts—a decision that impacts the financial well-being and legacy of future generations. This detailed exploration aims to shed light on these pivotal estate planning tools and others, providing clarity and guidance to navigate the intricate landscape of trusts. Read on to explore the basics of estate planning, these two pivotal types of trusts, and the essential components of effective estate planning.
FIN-LYT by EWA Podcast
In this episode of FIN LYT by EWA, hosts Matt Blocki, Ben Ruttenberg, and Chris Pavcic dive into the intricacies of trusts, estate planning, and tax efficiency. They provide valuable insights into the distinctions between revocable and irrevocable trusts and the critical role they play in safeguarding one's financial legacy.
They discuss the benefits of revocable trusts, highlighting their benefits, including control, privacy, and the avoidance of probate. They stress the importance of thorough estate planning, encompassing power of attorneys and living wills, to ensure a smooth transition in cases of incapacitation or passing. Shedding light on irrevocable trusts, Matt, Ben and Chris emphasize asset protection, probate avoidance, and substantial tax benefits as key selling points for irrevocable trusts. The discussion details the significance of considering irrevocable trusts as a strategic financial tool, especially for individuals with substantial assets.
Lastly, looking at current federal estate tax exemption limits, the team details additional strategies such as gifting within annual exclusion limits and spousal lifetime access trusts (SLATs) as methods to mitigate estate tax liabilities.