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Washington-Proof Your Tax Planning

Though no one can predict the ultimate outcome of political campaigns and debates or control exactly how such events will impact a portfolio, there are several proactive tax planning strategies you can leverage to help protect and grow the value of your wealth.

Are Taxes Lowering Your Investment Returns?

When it comes to your investments, it is after-tax returns that really count. Follow these guidelines to boost your post-tax results and investment returns.

Go Digital to Ease Tax Planning Stress

Long gone are the days of cluttered file cabinets and stacks of paper. Go digital with these tips to ease your tax planning stress.

3 Ways to Make the Most out of Your Charitable Giving

Use these tips to make the most of your charitable giving and maximize your tax benefits.

Choosing Beneficiaries to Maximize Assets (and Minimize Taxes)

Understanding the tax and legal consequences surrounding beneficiary designations is imperative. Keep these points in mind when choosing your beneficiaries.

How to Spot Tax Planning Opportunities from Last Year’s Tax Return

Eager to optimize and strengthen your tax planning strategy for this year, but not sure where to begin? Try going back in time and starting with last year’s experience. Melissa Register, Senior Wealth Strategist at Mirador Family Wealth Advisors, a division of Fifth Third Bank, shares some strategies on how you can leverage the information on last year’s tax return to not only hone and leverage what served you well in the past, but also make the changes that can help maximize your potential future results… before year-end officially arrives.

7 Powerful Tax-Reduction Strategies

There are 3 principles of tax-reduction: reduce taxable income, increase deductions & use tax credits. Use these tips to reduce your potential tax liability

Make Taxes a Year-Round Investment Priority

Monitor your taxes year-round to reduce your tax liability. Consider these tax issues when planning investment strategies.

4 Questions That Define Your Tax Planning Strategy

While most high earners are understandably eager to minimize their tax liability, it’s nearly impossible to lower your tax bill without advance planning and a… 

Benefits of a Health Savings Account

Investing in a personal savings account has many benefits. Major life events, such as paying for college tuition or retirement, are probably at the top of your list of reasons to save. Due to the rising costs and uncertainty of American health-care, you may want to think about opening a Health Savings Account.

6 Life Insurance Myths Debunked

Most of us would do anything to protect the health, safety, and security of our loved ones. Having a life insurance policy in place can help you prepare for the unexpected and provide peace of mind. The topic of life insurance is often met with confusion and misinformation. Read on for six of the most common misconceptions people have about life insurance.

5 Times You Need to Review Your Life Insurance Coverage

Life is full of uncertainty. And the more you have to protect — a home, family, business, retirement security — the greater financial risks you face. Having a solid life insurance strategy can help you prepare for the unexpected. Here are five times you should review your life insurance.

Smart Estate Planning with a Life Insurance Trust

Life insurance can be a key component of an effective estate plan. It can provide the funds necessary to pay a variety of estate and family expenses following the death of a wage earner.

Why You Need a Succession Plan for Your Business

Creating a succession plan is a vital part of ensuring the survival of your business when you retire. Find out what to include in your business success plan

Protecting Your Wealth from Health Care Costs

When planning for retirement, you should save as much as possible, and account for what will likely be the biggest expense of your retirement – health care.

The Impact of AI On Wealth Management

AI is already involved in passive investing—that is, investments which are bought and sold according to a predetermined set of rules. Index funds frequently run this way. While once simpler, the rules for these investments are now becoming more complex.

Wealth and Estate Planning for Blended Families

Blended families create unique estate planning needs. Consider the following tips to minimize snags and maintain family harmony.

Five Documents Essential to Your Estate Plan

Creating an estate plan is an important task, but can be complicated. Keep these five documents ready to stay prepared in the case of an unknown scenario.

5 Strategies to Build (and Preserve) Your Wealth

Financial plans can quickly become obsolete if you don't review it with your financial advisor. Use these strategies to build and preserve your wealth.

Family Wealth Planning: Three Actions to Take Now to Prevent Family Fights

Most parents hope that their children will maintain a good relationship with each other that stretches beyond their own hopefully long natural lives, but all too often disagreements—and sometimes even litigation—arise out of differing expectations for how a parent’s estate will be handled.

7 Ways to Build (and Protect) Wealth Over 50

Building wealth is important at any age, but as you approach retirement, it is increasingly vital. Consider these tips to help build wealth over age 50.

Selling a Family-Owned Business: Financial & Emotional Considerations

If you are considering selling your business (or think you may be in the next few years), consider these tips to maximize the value of your business, ease the financial and professional transition, preserve positive family dynamics, and have a successful selling experience.

Planning Your Legacy: What Do You Want to Leave Behind?

Estate planning is more than the objects you leave behind. Find out how to put together an estate plan that leaves behind a legacy.

Developing an Effective Legacy Action Plan

Proper estate planning is key to ensuring assets are distributed as you intend. These tips can help you prepare to successfully pass along your legacy.

Incorporating Digital Assets Into Your Estate Plan

Without addressing digital assets in your estate plan, your family may not be able to access them without going to court and may not even know they exist.

3 Common Investing Mistakes to Avoid

Investing should be based on sound principles, but sometimes emotion overrules logic. Being aware of these financial pitfalls may help keep your investment strategy on track.

The Psychology of Investing: How We Cope With Risk

Researchers have found investors have a tendency to psychologically exaggerate declines in the performance of an investment and to minimize gains. It’s a phenomenon with a complex sounding name — “myopic loss aversion” — but one that makes a simple point: Psychology plays a role in our investment decisions. Understanding that role may help you stay on course toward your long-term financial objectives.

Passive and Active Stock Market Strategies

Stocks typically post strong gains across the board during bull markets1. However, the volatile market conditions of recent years have prompted many investors to reconsider funds whose managers select securities based on specific factors, such as company fundamentals or industry outlook. These funds are also known as actively managed funds.

Asset Allocation and Diversification: You Can’t Have One Without the Other

Many people often use the terms “asset allocation” and “diversification” interchangeably. These two terms, while often used in the same way, are distinctly different strategies. Understanding each and how the pair can work together may be the key to reducing risk and pursuing your long-term goals, even in today’s challenging market environment.

Dollar-Cost Averaging: A Simple Investment Strategy

If a simple investment strategy interests you, consider dollar-cost averaging. In fact, if you participate in your employer’s retirement savings plan, you may already use the dollar-cost averaging strategy without even realizing it. But you can also use this strategy when investing on your own. Dollar-cost averaging helps take the guesswork out of when to invest.

Rethinking, Managing & Mitigating Risk in Times of Uncertainty

Making Sense of Media Headlines: How Worried (or Confident) Should Investors Be? Making financial decisions amidst the backdrop of the unknown is an inherent characteristic…

What an Interest Rate Increase Could Mean for Your Bond Portfolio

Changes in interest rates can affect bond prices. Generally, when interest rates rise, prices of existing bonds fall because demand for them decreases compared to the newly issued, higher interest paying bonds...

Teaching Your Adult Children About Investing

For many young adults, planning their financial future isn’t on the radar. This uncertainty can create anxiety for parents watching from the sidelines. The good news is, experts say it’s never too late to help your adult children develop good financial habits.

How to Know When to Let Go of an Investment

There comes a time when you have to let unneeded things go. Maybe you donate clothing your children outgrow, or recycle your old computer, cell phone or MP3 player. Your investment portfolio may also contain items you no longer need. Here are examples of when it might make sense to let go of a retirement plan investment.

How to Survive Market Volatility

Investing can be tricky.  The markets can perform well one week and poorly next. Market volatility is inevitable, so ensure your portfolio can withstand the ups and downs of investing. While you cannot prevent market fluctuations, you can take steps to help minimize their effect on your portfolio’s returns.

ETFs at 25: What We’ve Learned

Is an ETF—which, much like a mutual fund, holds shares of stocks, bonds or other investments, but can be traded like shares of stock during the trading day—right for your portfolio?

3 Economic Indicators to Watch for in 2017

The U.S. economy enjoyed a fairly healthy 2016. Mortgage, interest and unemployment rates remained near record lows. So what’s in store for next year? Will we see more of the same or should we anticipate change in the New Year? Here’s an overview of key economic indicators to keep an eye on in the New Year — and how they might impact your wallet.

Managing Multiple Retirement Assets

Many retirees manage multiple retirement accounts. Use these tips to properly manage multiple retirement assets while minimizing tax implications.

Retiring Abroad: What You Need to Know

Many retirees may find the idea of retiring abroad appealing, but there are several factors you should take into consideration before making the move.

Parents’ Dilemma: Save for College or Retirement?

Saving for college is important, but so is saving for your retirement. Use these steps to balance both saving for college and your retirement.

The Real Secret to Choosing the Best Place to Retire

Choosing a place to retire is about enjoying your life. Whether across town or across the country, your ideal retirement location has what matters most.

Retirement Planning: How Much is Enough?

Pinpointing the right amount for your retirement nest egg can feel daunting. Use these retirement savings rules of thumb to determine how much you need.

Retirement Milestones

Reaching “official” retirement age marks a rite of passage in your professional life. But there are many key milestones along this journey. Here are the… 

Retirement Money Management Tips

Managing your money effectively is a key portion of having peace of mind during your retirement. Use these tips to manage money during retirement. 

Planning for Health Care Costs in Retirement

During retirement, health care will likely be your biggest expense. Find out how to include and prepare for health care costs in your retirement plan.

How to Maximize Your Social Security Fund

How much can you expect to receive from Social Security and how can you maximize your Social Security benefits during your retirement? 

When is it Time to Downsize?

Downsizing your home is a great option for empty nesters. Consider these important factors before you decide to make the move.

Retirement Savings Tips if You're Over 50

When you reach 50-years-old, you can contribute extensively to your retirement. Use these retirement savings tips to fund and build your retirement 

How Does Company Stock Fit Into Your Investment Portfolio and Retirement Plan?

When evaluating retirement plans, review company stock options with your financial advisor so your retirement portfolio aligns with your investment goals 

How to Save for College and Retirement

When you look at your long-term financial goals, you may feel conflicted – should you save for your children's college education or your retirement?

Making an Impact in Your Retirement

If you want a retirement filled with endless lazy days, you may want to think again. Statistics show happy retirees have an active retirement lifestyle

How Sequence of Returns Risk Can Affect Your Retirement Portfolio

Timing is everything, especially when making your money last through retirement. Consider sequence of returns risk when making investment withdrawals.

Retirement Planning by the Decades

The retirement planning process is different depending on your age. Use this retirement planning checklist to keep you on track at any age. 

Are You Retirement Ready?
Retirement Income: 3 Things to Consider

Your annual withdrawal rate effects your retirement income. Keep these tips in mind when choosing your retirement savings annual withdrawal rate. 

Retirement Planning for Business Owners

As a business owner, your retirement planning needs are unique. Find out what steps to take to create a comprehensive business owner retirement plan.

Protect Yourself from Identity Theft

The digital age poses many threats to your secure information. These steps can help you protect yourself from identity theft.

Giving in 2018: How New Tax Laws Are Impacting Philanthropy

How will the tax overhaul impact your generosity? It depends. There ways you can continue to give while reaping some tax relief for opening your wallet.

Goodwill Giving: Charity Wedding and Gift Registries Gaining Popularity

According to Philanthropy.com, a growing number of Americans now incorporate giving to charity into wedding, birthday and anniversary registries.

Should You Explore Concierge Medicine?

Ever struggle to schedule a same-day appointment with the doctor of your choice? Or wait an hour to speak to a physician for only five minutes? Or check your voicemail repeatedly for test results or the answer to a simple question about a prescription? Here’s what you need to know if you’re contemplating concierge medicine.

Proper Financial Planning: Critical for Women

A lot goes into planning for retirement. Learn what factors, including gender, affect the way you should manage your financial planning.

6 Ways to Keep Your Important Documents Safe

ou never know when you might need legal documents in the case of an emergency. Follow these tips to keep your important documents handy.

Talking Finances With Your Spouse

Forty-three percent of people don’t know how much their spouse earns. There are many financial discussions that too many married couples keep to themselves — and that can set the stage for marital strife. To ensure you and your better half are on the same page about finances, use these tips to start a conversation.

Summer Reading List: Finance-Centric Books to Share with Your Adult Kids

This summer, consider pointing your son or daughter towards these five great reads…each of which also just happen to be imbued with timeless wisdom and thought-provoking concepts related to money matters.

Are You in Control of Your Financial Picture?

Managing your finances can be complex and time consuming. Review these tips to eep your finances on track and stay in control of your financial picture.

Donor-Advised Funds: A Different Way to Give to Charity

Are you looking for a different way to give to your favorite charities? Learn more about donor-advised funds and how they impact non-profit organizations.

Your Annual Financial Plan Review Checklist

Before reviewing your financial plan, use this checklist to address the most important issues with your financial advisor.

The Graduation Gift Guide: For High School and College Graduates

When the final diploma has been handed out and the last strains of “Pomp and Circumstance” fade at high school and college graduation ceremonies across the country, it’s time for family parties, cake, and, of course, gifts. What will your contribution to the pile be? A generic picture frame? A personalized beach towel? Or something that carries a little more meaning and emotional weight? Here are several ideas to get you started.

Market Outlook: Late in the Game, But Not Game Over

While investors must remain vigilant, the consensus view may have swung too far toward the side of pessimism. Continued strength in the underlying economy could drive still higher returns for select U.S. equities.

By Jeff Korzenik, Chief Investment Strategist for Fifth Third Bank
Best Practices for Integrated Family Wealth Planning

While preserving wealth and developing an effective approach to pass it from generation to generation is often a challenge, sometimes the most difficult aspect of legacy planning is knowing when and how to integrate younger generations and trusted advisors.

How to Protect Your Assets in a Divorce

If you haven’t taken any advance precautions, such as creating a prenuptial agreement, you may feel resigned to certain outcomes that could have a negative financial impact on your post-married life. However, there are actions you can take to try to separate assets fairly or remove yourself from unwarranted debt obligations.

What Is Micro Estate Planning and Do You Need It?

If you have underage children, ask your estate attorney about adding a separate document to your plan that protects your children when they need it the most.

Do the Math to Get Life Insurance Right

Going without life insurance puts your family's long-term well being in the hands of fate. Hopefully we all live long, healthy, successful lives. But in reality, no one lives forever. Accidents happen. Life insurance is not optional for a financially secure family.

How to Turn Your Estate Plan Into a Legacy Plan

Your legacy plan needs to evolve as you evolve. The right process and legacy team will not only ensure your legacy plan evolves with you, but they will propel your evolution forward so that you can achieve your greatest legacy and success.

How To (Fairly) Divide Your Estate Among Multiple Heirs

Whether spurred by age, circumstances, or on occasion, guilt, estate planning is a necessary life step. But there are circumstances when “equal” does not make the most sense given each family’s unique dynamic.

The Importance of Personal Umbrella Policies

A component of a solid asset protection plan – which sadly is too often overlooked – is the umbrella policy. In fact, for some people, the proper umbrella policy is all they really need.

It's Time for a Personal Insurance Check-Up

If you’re like most people, you buy insurance—home, auto—and then rarely look at it again. But as time goes on, things change, your needs evolve, and it’s important to make sure you have not only enough coverage, but the right coverage.

6 Ways to Build a Roth Retirement Nest Egg

Money in a Roth IRA grows tax-free, and the account doesn't have required minimum distributions--so you withdraw the money only when you need it. Withdrawals are also tax-free, so they don't trigger other consequences. Roth withdrawals don't count in the calculations for taxing Social Security benefits or determining Medicare premium surcharges, for instance.

6 Tax Moves to Make Before the End of the Year

The end of the year is fast approaching, which means for taxpayers wanting to minimize their bill, there are some key moves that should be made now. While some of these tasks are applicable every year, the Tax Cuts and Job Act passed in 2017 spurred additional changes that could heavily affect what you owe.

Retirement Planning for the C Suite: 3 Critical Considerations

Whether you’re two years from retirement or 10, you should be taking advantage of your skills and experience to ensure great outcomes, both for your own financial situation and the team you manage. 

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