Perspectives on Life

Planning Strategies

Discover financial planning strategies that will guide you through all stages of your life – from starting out, to building a family, to retirement.

Latest Stories

Gray Divorce: The Financial Risks of Divorce After 50

By Christine Palmer Hennigan | February 21, 2019

“Gray divorces” — where the couple is over the age of 50 — can have tremendous financial repercussions, putting retirements and even financial well-being at risk.

Create a Richer Legacy, Not a Bigger Tax Headache

By Hunter Gimbel | January 22, 2019

Under the new tax law, the amount that can pass free and clear of federal estate and gift taxes has almost doubled, from $5.49 million to $11.18 million per spouse. It is possible to gift this money during your lifetime, but the time to act on this is now, because in 2026 the exemption will revert to the old amount.

Financial Planning When You Lose or Change Your Job

By Carl DeMarco | January 15, 2019

Changing a job presents a tremendous financial change. Here are some of the financial planning opportunities and pitfalls that you may encounter while changing jobs – whether the change is voluntary or not.

What’s Your Plan for When the Market Goes Down?

By Lance Drucker | January 2, 2019

For many people, their “financial plan” is little more than the asset allocation and performance of their portfolio, which is backwards. If the market is up, people make comments about retiring early. If the market’s down, they complain that they will be working forever. If your financial plan is done right, when you retire should have nothing to do with the performance of the stock market.

4 Easy Ways to Add Charity into Your Financial Plan

By Ande Frazier | December 7, 2018

If philanthropy is one of your goals, these tips can help you shape a giving strategy that you can feel good about.

College Planning for Grandparents

By Richard Micliz | November 27, 2018

More and more, grandparents are helping pay for their grandchildren’s college education. A recent survey shows that upwards of 50 percent of grandparents are actively saving to fund these education expenses. Here are six steps you should take when it comes to college planning for your grandchildren.

Tax-efficient Transition Planning for Family-owned Businesses

By Zachary Meissner | November 20, 2018

Even if a family-owned business has a strategic transition plan in place, there are a variety of ways that unforeseen tax implications can disrupt a successful transition.

The Most Common Mistakes People Make in Saving for Retirement

By Penn Mutual | November 6, 2018

In my experience, when people say they’re planning for retirement, that simply means they’ve been putting money away every year. Don’t get me wrong – that’s an important first step – but simply saving for retirement may not count as planning for retirement.

Don’t Let These Planning Mistakes Haunt You

By Dewane Lewis, Jr. | October 31, 2018

Financial planning must be scary, given the amount of people who avoid it or try to do it on their own, unassisted. While having a 401(k) or Roth IRA, or perhaps having a 529 savings plan for college are critical components of a sound financial plan, this is only focusing on particular needs without looking at the bigger picture.

Smart Tax Planning for the Soon-to-Be Retired

By Jason Wein | October 23, 2018

There’s such an emphasis on saving for retirement, yet no one puts much thought into the tax consequences. Without smart tax planning, taxes can be a major source of erosion on retirement income. Most of us would be thrilled to get a 6 to 8 percent return long-term on our retirement portfolios, yet the current minimum income tax rate is 10 percent, the maximum is 37 percent. Being smart about taxes can make your money go much farther in retirement.