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Wealth Management Lessons from March Madness
Like many of you, this month I’ll be consumed with my favorite annual event, the NCAA basketball tournament. It’s always so exciting when March Madness returns with teams all dreaming of advancing to the Final Four and cutting down the nets as national champions....
2023 Updated Secure Act 2.0 Information
The Secure Act 2.0 was signed into law on December 29, 2022. Several changes will be effective in 2023, with several more becoming effective in future years. The age to start taking Required Minimum Distributions increases to 73 in 2023 and 75 in 2033. This delays the...
How to Feel More Secure in Your Knowledge of the SECURE Act
The Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the SECURE Act, was signed into law on December 20, 2019. Frustratingly, it’s been three years since then, and taxpayers still do not have a definitive answer on how inherited IRA...
Why Donor-Advised Funds Are a Wise Charitable Tool in Today’s Economic Environment
Donor-advised funds (DAFs) are charitable vehicles into which donors can transfer assets, receive immediate tax benefits, and have the freedom to choose qualified charities for the funds on their own timetable. Low-basis assets can be sold within a DAF without being...
In Good Times and Bad, Charitable Giving is the Right Thing to Do
Investors contemplating their charitable giving for 2022 might find themselves in a different financial situation than last year, when the stock market was reaching new highs and many people had highly appreciated gains that were easy to gift. This year, the stock...
Intrafamily Loans: Potentially Powerful And Perilous
Originally published in Forbes on October 6, 2022 BY: DAVID REDDING, CTFA, AEP, CWS Austin, TX Market President, Argent Trust Company | (512) 478-3188 Providing intrafamily loans can be a powerful way for families to spread their wealth to children and grandchildren,...
Setting Up A Will: Where to Start
Originally published on fwtx.com on September 12, 2022 BY: KATHY CHRISTOFFEL, CTFA Market President, Argent Trust-Fort Worth Market (817) 502-3586 None of us are going to live forever — and yet, it can be surprisingly challenging to convince some people to get started...
Purposeful Wealth Transfer Planning
Originally published in Forbes on August 25, 2022 BY: DAVID REDDING, CTFA, AEP, CWS Austin, TX Market President, Argent Trust Company | (512) 478-3188 In a prior article, I wrote about the need to be purposeful in estate planning and proposed that the family culture...
Working Together: Why Investment Consolidation Can Be a Wise Strategy
We’ve all heard the phrase: “Don’t put all your eggs in one basket.” Although it’s simply human nature not to focus all our efforts on a single area, when it comes to a person’s financial portfolio, there can be real benefits to investment consolidation. Almost all my...
How to Decide If a Roth IRA Conversion Is Right For You
Families and individuals seeking possible solutions to lower federal taxes during retirement should take a close look at the pros and cons of converting funds from their traditional individual retirement (IRA) account to a Roth IRA. The process, commonly referred to...