What Is The Difference Between Financial Planning And Wealth Management?

Two businessman using a digital tablet to discuss information in a modern business lounge

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

woman researching how charitable giving affects taxes

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

man at desk tax planning with related thought bubble

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

female scales of justice

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 […]

When To Hire a Financial Advisor?

start financial planning

October is National Financial Planning Month! It’s a time before the holidays when everyone can take a step back and review their financial pros and cons. Are you on track with your retirement goals? Are there any expected expenses or windfalls on your horizon? October might only have 31 days, but financial planning is a […]

How to Choose a Financial Advisor

selecting a financial advisor

A financial advisor is a catch-all term used to describe a variety of professionals. Financial advisors can serve individual clients across the spectrum of wealth, businesses of all sizes, and even institutions and government bodies. There are literally dozens upon dozens of different types of advisors, each with their own specialties, skills, and expertise. If […]