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Am I saving enough? Will I have enough to maintain my current lifestyle in retirement? Should I convert my IRA to a Roth? What’s the best way to save for college? How much risk do I need to take in my portfolio to meet my goals?  What ARE my goals? If you have ever asked yourself one of these questions, you could benefit from doing some financial planning. In a Financial Plan, you evaluate your entire financial picture, set short and long-term financial goals, develop strategies to achieve those goals,…

Even though capital gains taxes make selling appreciated securities less attractive, there are often compelling reasons to reduce or liquidate a position. The two most common reasons to sell appreciated stock are to increase portfolio diversification and boost long-term returns. Capital gains taxes are the main deterrent to selling a stock which has appreciated in value relative to its purchase price. The Federal government currently assesses a maximum combined long-term capital gains/investment income tax of 23.8% on appreciation that has occurred more than one year from date of acquisition. Stock…

Eagle Ridge attended the 55th Annual Heckerling Institute on Estate Planning held virtually the week of May 3rd. We are pleased to share some insights with you from this event, which is traditionally attended by the nation’s top wealth advisors, for consideration and discussion with your professional advisors.