5 Estate Planning Considerations for High-Net-Worth Individuals
Estate planning for high-net worth individuals involves many considerations beyond distributing your assets. Estate planning is often about leaving a legacy, planning for tax efficiency and ensuring your last wishes are understood by the next generation. By employing advanced techniques such as trusts, gifting strategies, and succession planning, you can help ensure that your assets […]
What to do when the IRS writes you
When the Internal Revenue Service (IRS) has a question about a taxpayer’s tax return, needs to request a payment or notify someone about a change to their account, the IRS will commonly mail the taxpayer a letter or notice. It is important to note that some cyber criminals will pretend to be the IRS in […]
Build Your Team: The Professionals Who Can Support Your Wealth
When it comes to managing your wealth and financial resources, the complexity of the world today demands more than just a one-size-fits-all approach. There are a handful of people that you want in your corner. At JNBA we help connect the dots for clients to collaborate with various professionals who have unique skill sets and […]
Navigating a Financial Advisor Retiring
What do you do when your financial advisor retires – someone you’ve entrusted with your life goals, your financial strategies, and so much more? This not-often-broached topic is one we covered on the latest episode of “Navigating Life Transitions,” a podcast by JNBA® Financial Advisors. It’s such an important topic because these transitions can really […]
Book Club: The Power of Regret
This winter, JNBA’s financial planning team took time to read Daniel Pink’s book, “The Power of Regret: How Looking Backward Moves Us Forward.” In this book, Pink challenges the notion that regret is a negative emotion and should be avoided at all costs. Instead, he argues that regret is not only inevitable but also essential […]
Important Documents: What to Keep and for How Long
As spring emerges and the weather begins to warm, it’s not just our homes that could use a thorough spring cleaning – our financial documents could benefit from a tidy-up as well. Consider dedicating some time to organizing and streamlining your financial and tax-related documents. You can start by identifying what financial documents are crucial […]
Navigating the Loss of a Spouse: Taking Steps Today to Prepare
Losing a spouse can be one of life’s most emotional and traumatic transitions. Whether by the progression of an unfortunate diagnosis or through an unexpected circumstance, the death of your partner can feel heartbreaking, confusing and lonely. While one can never be fully prepared, there are proactive steps couples can take together to ease the […]
SECURE 2.0 Changes for 2025
At the end of 2022 and early 2023, there was plenty of buzz surrounding the omnibus spending legislation more commonly known as SECURE 2.0, which provided several new opportunities. Many of the opportunities are effective beginning in 2025. Below we have outlined some of the major changes that may impact the individuals and families we […]
Maximizing 2024 Contributions
Most of us are now fully immersed in 2025 and are focused on the year ahead. However, as tax season approaches, it is a good time to look back at 2024 to ensure that you are maximizing your 2024 contributions and tax benefits from savings vehicles. TRADITIONAL IRAs: You have until the tax filing deadline […]
FinCen Update: January 2025
Small businesses including LLCs, corporations, partnerships, or any entity filed through the Secretary of State have received a flurry of news surrounding the finalizing of FinCEN reporting requirements for 2025. While FinCEN Beneficiary Ownership Information (BOI) Reports can still be submitted voluntarily as previously communicated, we are still waiting to hear final judgement regarding the obligation to file. […]
