How Inherited IRAs Work

If you recently inherited a traditional or Roth IRA, you need to know the rules. There have been big changes since the SECURE Act was passed.

Financial PlanningParkshore Wealth ManagementSeptember 13, 2023Inherited IRA, Traditional IRA, Roth IRA, Tax Planning

What Married Couples Need to Know About AB Split Trusts

Wealthy couples may set up an AB split trust to help minimize estate taxes. Here’s what you need to know about this trust.

Estate PlanningParkshore Wealth ManagementSeptember 5, 2023AB split trust, A trust, B trust, estate taxes, estate tax exemption

How to Keep Your Disability Income Tax-Free

Your disability benefits may be taxable. Here’s how to minimize the impact.

Financial PlanningParkshore Wealth ManagementAugust 14, 2023Disability Income, SSDI, SSI, Tax Planning, Income Tax, Disability Insurance

Understanding Annuities: The Hidden Risks and Alternatives

Annuity income for life sounds attractive. But pay attention to the contract’s fine print. Here’s why.

Financial PlanningParkshore Wealth ManagementJuly 31, 2023Annuity, Annuities, Income, Insurance, Contract, Retirement Income, Portfolio, Diversification, Fiduciary, Commissions

Crafting a Strong Retirement: 6 Tips for Commercial Construction Professionals

Here are six tips for high-level employees in commercial construction to build a retirement plan they feel confident in.

Retirement PlanningParkshore Wealth ManagementJuly 17, 2023Commercial Construction, Diversification, HAS, Health Savings Account, 401(k), Employer Match, Long-Term, Debt, Compounding

Can Investment Real Estate Fund Your Retirement?

Investment real estate has pros and cons when it comes to funding your retirement.

Retirement PlanningParkshore Wealth ManagementJuly 5, 2023investment real estate, retirement income, diversification

Qualifying for Medi-Cal Long-Term Care Without Affecting Your Heirs

If you seek long-term care assistance in California, read this article for tips on qualifying for Medi-Cal while leaving an inheritance for your loved ones.

Estate PlanningParkshore Wealth ManagementJune 14, 2023Medi-Cal, Medicaid, Long-Term Care, California, Inheritance, Legacy

Navigating Your Care Needs After a Lifetime of Caregiving

Here are six tips for former caregivers to make a long-term plan for their own future care needs.

Financial PlanningParkshore Wealth ManagementMay 31, 2023Caretaker, Caregiver, Long-Term Care, Care Needs

Why TikTok Shouldn’t Be Your Source of Financial Advice

TikTok has limitations when it comes to financial topics, so please think twice before using it as a source for financial or investment advice.

Financial PlanningParkshore Wealth ManagementMay 15, 2023TikTok, Social Media, Financial Advisor, The Wall Street Journal, Forbes

Retiring in a Down Market? Pros and Cons of Taking Social Security Early

Many people consider taking Social Security early when retiring in a down market. Here are pros and cons to this retirement strategy.

Retirement PlanningParkshore Wealth ManagementMay 1, 2023Down Market, Recession, Market Volatility, Social Security, Early Social Security

The Long-Term Implications of Retiring in a Down Market

Here’s why retiring in a down market can affect your retirement portfolio’s longevity.

Retirement PlanningParkshore Wealth ManagementApril 17, 2023Sequence of Returns, Down Market, Distributions

Inflation’s Ripple Effect on Your Retirement Income

Here are steps to consider to help protect your retirement income against inflation.

Retirement PlanningParkshore Wealth ManagementApril 3, 2023Inflation, Retirement Savings, TIPs, Diversification, Social Security, Inflation Hedge

The Pros and Cons to Filing Taxes Jointly in California

Consider these factors when trying to determine whether you and your spouse should be filing taxes jointly.

Tax PlanningParkshore Wealth ManagementMarch 15, 2023California, Franchise Tax Board, IRS, Married Filing Separately, Married Filing Jointly, Deductions

Ways to Give When Markets Are Up or Down

If you are charitably minded, you can use tax-beneficial giving strategies that optimize market ups and downs.

Charitable GivingParkshore Wealth ManagementMarch 1, 2023QCD, Qualified Charitable Distribution, Cash Donation, Highly Appreciated Stock

Determining a Recession: The Rearview Mirror vs. Windshield

Both leading and lagging indicators (the windshield and rearview mirror approaches) can provide useful information—but none of them is foolproof.

Financial PlanningKristen LukeFebruary 13, 2023Recession, NBER, Leading, Lagging, Rearview Mirror, Windshield, Consumer Confidence, GDP

Key Retirement Planning Changes in SECURE Act 2.0

Here are some of the most significant changes affecting retirement savers and retirees in the SECURE Act 2.0.

Retirement PlanningParkshore Wealth ManagementJanuary 30, 2023SECURE Act 2.0, IRA, 401(k), 401(b), RMD, Required Minimum Distribution, 529 Plan, Roth

What Are the 2023 Tax Rates and Contribution Limits?

Here are the 2023 changes to tax rates and retirement plan contribution limits.

Financial PlanningParkshore Wealth ManagementJanuary 17, 2023Tax Planning, Retirement Planning, Tax Bracket, Standard Deduction, AMT, Alternative Minimum Tax, IRA, 401(k)

How to Use Qualified Charitable Distributions to Give to Charity

A QCD enables you to direct your required minimum distributions (RMDs) to charity and reduce your taxable income.

Financial PlanningParkshore Wealth ManagementDecember 14, 2022Taxable Income, QCD, RMD, Qualified Charitable Distribution, Required Minimum Distribution, IRA, Retirement Planning, Tax Planning

How to Use Your Cash Sitting on the Sidelines in a Down Market

If you have extra cash, a market drop can be an opportune time to invest it. Here are points to consider.

Investment ManagementParkshore Wealth ManagementNovember 30, 2022Market Drop, Downturn, Recession, Inflation, Cash

Social Security Recipients Will Get Increased Benefits in January

Social Security beneficiaries will see an 8.7% increase in their benefits in January 2023.

Retirement PlanningParkshore Wealth ManagementNovember 14, 2022Social Security, Cost of Living, COLA, Medicare, Inflation