The development of our talent is critical to our growth. As we continue to find and hire new teammates we need to make sure they are properly supported. We do this by making sure every teammate in our organization has a coach. The coach’s primary responsibility is to support and develop those they lead along […]

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Have you ever wondered why diversification in your portfolio matters? Before we answer the question, have you ever heard of Michel de Nostradamus? Nostradamus was born December 14, 1503 in Saint-Remy, France during the Renaissance. He was a physician and an astrologer, and was regarded for his insight and ability to foretell what the future […]

The COVID pandemic, and now the war in Ukraine, continue to significantly impact the world and pull on the heart strings of many, leaving them searching for ways to help. In times like these, the number of organizations bidding for your donations generally increases. As urgent needs present, the decision to donate may be an […]

In 2021, more than 65 million Americans received Social Security benefits totaling, in aggregate, more than one trillion dollars. In April of each year, the trustees of the Social Security trust fund are supposed to report on the current and projected status of this highly relied upon program. Last year, the report was not published […]

Health Savings Accounts (HSAs) are a great way to cover medical and long-term care costs in the owner’s retirement years when those expenses increase exponentially with the owner’s age. The only real tax drawback to accumulating wealth in an HSA is when the account is inherited after the account owner’s death by a non-spouse beneficiary. […]

As one of our four “Cs” – Clients, Colleagues, Communities, and Culture – the communities that we live and work in are very important to us. We value giving back to them and making them stronger and more vibrant. As such, we empower our team to support their communities and causes within those communities in […]

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We are frequently asked how to set an appropriate level of cash reserves in a client’s financial holdings and the answer is, it depends. It varies by individual and entity, the level of predictable expenses or distributions and whether there are other sources of funds besides the investment portfolio. But there are steps to follow […]

As a result of a provision of the SECURE (Setting Every Community Up for Retirement Enhancement) Act, passed in 2019, retirement plan providers are required to begin providing lifetime income illustrations on retirement plan statements by September 18, 2022. Many plan providers send quarterly statements; therefore, if you have not yet noticed a change to […]

Cost Basis Step-Up, a Quick History and Why it is Still in the News You may recall there was a lot of discussion around tax reform in 2021, with quite a bit of attention given to the threat to repeal the step-up in cost basis upon the death of the asset’s owner. While that change […]

In 2015, we implemented our 10-year strategic plan to be Top of Mind Market Brand Dominant in the state of Michigan. Each year we assess our progress and initiate tactics to take one step closer to our goal in 2025. This year, as part of our marketing plan, we partnered with public relations firm Lambert […]

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At this time of year retirement plan providers are busy completing the annual Actual Deferral Percentage (ADP) tests for qualified retirement plans which contain a salary deferral or Roth 401(k) component. This test in particular can be very impactful to certain plan participants. This is a non-discrimination test for 401(k) plans mandated by the Internal […]

Planning for retirement is not only important from a financial perspective, but from a psychological perspective as well. Being prepared financially for retirement is critical, but the emotional impact is one that is often overlooked. Moving from a busy career into uncharted territory creates excitement as well as anxiety. The path to retirement reminds me […]

Valuation discounts, often utilized in connection with the transfer of ownership interests in family-owned or closely-held businesses, are a valuable estate planning tool. These discounts have gotten a good deal of press lately. Last September, the Build Back Better Act (BBBA) (H.R. 5376) was introduced in the House of Representatives. In its original form, the […]