Financial Planning

Asset Location: The Missing Piece in Your Investment Puzzle?

Asset Location: The Missing Piece in Your Investment Puzzle? When it comes to managing your investments, the term “diversification” probably rings a bell. It’s one of those golden rules of personal finance: don’t put all your eggs in one basket. Most of us understand that spreading your investments across different asset classes—stocks, bonds, real estate,…

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Keys to the Future: Assisting Your Child in Buying Their First Home

Strategies and Considerations When Assisting an Adult Child Purchase or Acquire a Home We are pleased to announce that Peak Asset Management will be hosting the following event on Wednesday, November 13th at 4:30 PM at the Hotel Boulderado. Jason Foster, our Director of Wealth Strategies and Legacy Planning, will be presenting with Matthew Hardy,…

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COBRA and Short-term Health Insurance Plans

COBRA and Short-term Health Insurance Plans Health insurance is one of the largest costs we face on an annual basis.  It often becomes a deciding factor when evaluating job changes and retirement options. With the rising cost of health insurance plans available for the consumer in the marketplace, individuals are sometimes conflicted with the dilemma…

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Directed Trust Arrangements

Directed Trust Arrangements When clients are considering trusts as part of a plan to manage assets, one issue that can emerge is a client’s prior negative experience with trust companies.  Some clients, whether by way of being the beneficiary of a trust, or when they worked with a trust company on behalf of a minor…

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My Personal Approach to Budgeting

My Personal Approach to Budgeting For years, I struggled with implementing an effective budgeting tool, drowning in the minutia of expense categorization. Should Chipotle go into Restaurants or Fast Food? Or maybe Fast Casual? Turns out, the correct category probably should have been, “Who cares?” Rather than trying to categorize every single expense, which in…

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Inherited IRAs and the 10-Year Rule: Beware of Potential Tax Consequences in the Future

Inherited IRAs and the 10-Year Rule: Beware of Potential Tax Consequences in the Future If you have inherited an IRA after 2019 from a non-spouse, it is highly likely you are subject to the rule under the SECURE Act (passed in December 2019) forcing beneficiaries to distribute the entire account within 10 years.  There are…

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Death, Taxes, and Identity Theft

Death, Taxes, and Identity Theft Although Benjamin Franklin’s famous quote on the certainty of death and taxes didn’t include the risk of identity theft, it would be fitting in today’s world. Every year, identity thieves attempt to pilfer billions in federal withholdings from unsuspecting individuals. It has become crucial for taxpayers to exercise extra vigilance,…

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Medicare Overview 2023

What is Medicare? In our latest publication of Financial Intelligence, we referenced a document called “Medicare Overview and Local Resources 2023”. We are recirculating this Medicare reference guide as a standalone document below. Medicare is health insurance for the following: People 65 or older People under 65 with certain disabilities Learn more about Medicare here:…

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HSA Key Numbers 2024

The IRS recently updated its health savings account “HSA” limits for 2024 as well as the 2024 minimum deductible and maximum out-of-pocket amounts for high-deductible health plans (HDHPs). Below is a comparison of the key changes that you should be aware of:   What’s changed for 2024? Here are the updated key tax numbers relating…

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