Thoughts on the Current Banking Turmoil by Todd Moll CFP®, CFA
Posted on April 05, 2023
Tax-Efficient Benefits of 529 Savings Plans Get Even Better in 2024 By Brendan T. Hayes
Posted on April 04, 2023 by Brendan Hayes
Effective Jan. 1, 2024, investors with unused dollars in certain 529 college-savings plans can roll their remaining balances into tax-free Roth IRAs for the benefit of those plans’ named beneficiaries without risk of penalties or income-tax exposure. Moreover, investments in Roth IRAs may continue to grow free of tax for beneficiaries to withdraw in retirement […]
Provenance Wealth Advisors’ Chief Investment Officer Todd Moll Recognized Again by Barron’s for Ninth Consecutive Year
Posted on March 30, 2023 by Todd Moll
FT. LAUDERDALE, FL – March 30, 2023 – Provenance Wealth Advisors announced that Barron’s has once again named PWA chief investment officer and director Todd Moll, CFP®, CFA, to the annual list of top 1,200 financial advisors in the country for the ninth consecutive year. Moll is No. 32 in Barron’s as one of the […]
Planning for Spending During Retirement By Todd A. Moll, CFP®, CFA
Posted on March 29, 2023 by Todd Moll
One of the primary objectives of financial planning is to ensure that individuals have more than ample spendable cash flow during their retirement years. Navigating the careful balance between spending too much and possibly running out of funds or spending too little and missing out on all the potential joys of retirement is no simple […]
Relatable Finance Podcast Episode 122: Important Financial Concepts to Know and Understand
Posted on March 28, 2023 by
In this episode, the relatable finance guys discuss some financial concepts they use on a daily basis but may not be understood by people who aren’t in the financial industry. They also talk about some common ways of consuming financial advice and the potential downfalls.
Relatable Finance Podcast Episode 121: All Things Real Estate with Realtor Jeremy Hanson
Posted on March 20, 2023 by
In this episode, Shane Phillips talks with Jeremy Hanson of Coldwell Banker Realty to get an update on the South Florida residential real estate market. Topics include the market for buying versus renting, the differences between different South Florida cities and neighborhoods and how the increase in interest rates have affected the market.
Does the Recent Turmoil in the Banking Sector Impact My Deposits with Provenance Wealth Advisors? By Todd A. Moll CFA, CFP®, IAF
Posted on March 16, 2023 by Todd Moll
The recent collapse of regional banks Silvergate Bank (SIVB), Signature Bank (SBNY) and Silicon Valley Bank (SVB) has sent ripples through the banking sector and fanned talk of a U.S. banking crisis. While the talk of widespread contagion may be understandable due to the memories of the 2008 financial crisis, it is important to put […]
Women Must Take Responsibility, Plan Early for Financial Independence in Retirement By Olga Ismail
Posted on March 15, 2023 by Olga Ismail
Women spend a significant portion of their lives putting their families first, tending to the needs of husbands, children and aging parents often before themselves. The problem is that as they approach retirement age, many women find themselves without ample savings to carry them through their golden years. According to the U.S. Census Bureau, working […]
Managing Finances When the Kids Move Back Home By Brendan T. Hayes
Posted on March 07, 2023 by Brendan Hayes
According to Pew Research Center, half of adults ages 18 to 29 were living with one or both of their parents in 2022. This was down from a peak of 52% in June 2020 but still significantly higher than the 44 percent who were living with their parents in 2010. While these living arrangements can […]
2023 Federal Tax Information
Posted on March 03, 2023
The professionals of Provenance Wealth Advisors provide a comprehensive approach to income, estate, financial and business planning. We take pride in helping clients navigate complex financial and risk environments. To learn more about Provenance Wealth Advisors financial planning services click here or contact us at info@provwealth.com
UPDATED Estate Tax Relief to Ultra-High-Net-Worth Families by Lee F. Hediger
Posted on March 02, 2023 by Lee Hediger
Effective Jan. 1, 2024, the federal estate tax exemption increased to $13,610,000, or $27,220,000 for married couples filing joint tax returns. This means that individual taxpayers can transfer up to $13.61 million in assets to their heirs (or up to $27.22 million for married couples filing jointly) during life or at death without incurring federal gift […]
Legacy Planning under Tax Reform by Scott Montgomery, CLU®, ChFC®
Posted on March 01, 2023 by Scott Montgomery
Thanks to expanded federal estate tax exemptions introduced in 2018, very few families have been subject to federal estate, gift and generation-skipping transfer (GST) tax. However, because the higher exemption is a temporary provision of the tax law and subject to change under the influence of shifting political powers, families must prepare their estate plans […]
Relatable Finance Podcast Episode 120: Time to Double Check What You Are Earning on Your Cash
Posted on February 28, 2023 by
It’s been a while, but for the first time in over a decade we can now get more attractive yields on our savings. However, not all banks have raised the rates in line with the Fed’s rate hikes. In this episode, the relatable finance guys consider different options for you cash. […]
Relatable Finance Podcast Episode 119: Special Guest Sia Nejad joins Relatable Finance Podcast
Posted on February 14, 2023 by
Sia Nejad joins the finance guys in discussing how fantasy sports and online gambling have grown considerably in recent years. Changes in regulation at the Federal and State level, coupled with the increased connectivity of mobile devices have opened the door to considerable growth in recent years. And with overwhelming amounts of information, parallels can […]
2023 Market Outlook by Joseph Karl, CFA®
Posted on February 09, 2023
Despite a rapid recovery from the height of the pandemic, the global economy faced a new set of challenges in 2022. What started as global economy embattled by supply chain issues was stressed further with the Russian invasion of Ukraine. This amplified inflationary pressures, prompting central banks across the globe to raise rates at the […]