What is an executor? An executor is a personal representative who acts for you after your death. You nominate or designate an executor in your will to settle your estate. The person chosen will act in your place to make… Read More
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The Pros and Cons of Rebalancing Your Portfolio
BWFA provides fee-only fiduciary standard investment management that focuses on long term decision making. We avoid short term trading, market timing and emotional reactions to day-to-day volatility, to provide clients with investment results to meet their individual needs over their… Read More
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Financial Planning Issues for New Parents
My wife and I recently celebrated the birth of our first child, so it felt appropriate and timely to discuss some of the financial planning issues related to growing a family. As you prepare for life with your new child,… Read More
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Understanding the Net Investment Income Tax
If your income hits a certain level, you may face an additional wrinkle in calculating your taxes: the net investment income tax (also referred to as the unearned income Medicare contribution tax). This 3.8% Medicare tax applies to some or… Read More
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Minimizing Estate Taxes
The act of giving away your property, either during life or at death, will probably be subject to one or more of several types of taxes (collectively referred to here as estate taxes), either on the federal level, state level,… Read More
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Funding a Roth IRA
With the potential for tax-free retirement income, Roth IRAs may be appealing investment vehicles. There are three ways to fund a Roth IRA — you can open an account and contribute directly, you can convert all or part of a… Read More
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Healthy, Wealthy & Wise
“When health is absent… wealth becomes useless.” — Herophilus, Ancient Greek Physician That might have been the case 2,300 or so years ago, but it’s a doctrine I live by today, specifically noting the benefits of regular checks for both… Read More
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Choosing a Continuing Care Retirement Community
What is a Continuing Care Retirement Community (CCRC)? CCRCs are retirement facilities that offer housing, meals, activities, and health care to their residents. These communities appeal to people who are currently in good health, but who worry that they may… Read More
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How Medicare-Related Taxes Affect High-Income Individuals
The health-care reform legislation enacted in 2010 included Medicare-related taxes that first took effect in 2013. These taxes target high-income individuals and families. Here are the basics: ADDITIONAL MEDICARE PAYROLL TAX If you receive a paycheck, you probably have some… Read More
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Always Improving to Meet Our Clients Needs
As investment advisors it is our mission to help our clients achieve their financial, as well as life, goals. Throughout this relationship with our clients, we are there during many of the high points in their lives, but we are… Read More
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