What Is An Estate Plan And Why Do I Need One?

elderly couple talking to advisor

When you think of the most precious memories and treasured items of your loved ones, what comes to mind? Whether it was quality time spent with family members, the family farm, or a pocket watch of your great-great grandfather, passing along your most valuable items matters. Even if it might not feel like a top […]

5 Risk Management Solutions You Need to Know About

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You might be familiar with the concept of risk and how it works, but do you know how to apply strategies for managing it? Risk is an inescapable part of investing, and if you have the knowledge, you can take action to minimize its impact. This ability to minimize risk can result in significant and […]

What Is The Difference Between Financial Planning And Wealth Management?

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Financial planning and wealth management are often used interchangeably, but there are some subtle differences between the two. In order to help determine what kind of help to seek, or what kind of professional to reach out to, understanding the difference between financial and wealth management is a solid place to begin. Financial planning is […]

6 Tax Secrets the IRS Doesn’t Want You to Know

IRS homepage to be used for information on taxes

The IRS knows that taxpayers research how to avoid paying taxes, so why would they make it easy? The power of the people resides in getting educated, and a financial advisor, Bountiful, UT based is ready to support you in your quest for knowledge.  When thinking of the Internal Revenue Service, what comes to mind? […]

How to Avoid Paying Taxes with Charitable Giving

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Through the act of giving, we receive. How wonderful that this also applies when tax season rolls around. It’s that time again, so learn to reap the benefits of your tax planning initiatives!    Need help with tax-deductible charitable giving? Now is the perfect time with Advanced Retirement Strategies (ARS)!    While gathering tax documents […]

Proactive Tax Planning for Wealthy Individuals

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Wealthy people in Bountiful and surrounding areas need to think proactively about tax planning now more than ever. The current political situation is likely to lead to tax increases in several ways, including a hike in income tax rates and a jump in capital gains taxes. In addition, wealth tax exemption for estates might be […]

Potential Tax Law Changes Could Be On the Horizon

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The big questions: Did the Build Back Better Bill pass?  The short answer: No – it has not: it remains very much in question.  Americans are maintaining the status quo while patiently awaiting a reasonable tax reform. As of today, the extensive list of “Build Back Better” proposals were not passed as originally planned. The […]

How Are Financial Advisors Compensated?

compensating your financial advisor

How are you compensated for your work? If you are like most working professionals, your main form of compensation is a weekly or bi-monthly paycheck dropped into your bank account. Other forms of compensation may include benefits like health care and vacation time, overtime,  bonuses, stock options, or 401(k) matching programs. For financial advisors, the […]

10 Questions to Ask When Interviewing a Financial Advisor

questions for your financial advisor

October is National Financial Planning Awareness Month and as the year winds down, many Americans will have questions regarding their finances. Maybe you received a windfall from stocks and want to build a more diverse portfolio, or maybe you need some help with tax planning before the IRS comes calling in April. “When To Hire […]