Wisdom in Wealth

Strategies, Stories, and Lessons Learned Over the Course of 25 Years Helping Families Plan Their Financial Lives

Family Wealth Unlocked: Two Tax-Advantaged Strategies

POSTED ON March 4th - POSTED IN Tax, 401k, 2024, 529

By William Beynon & John Walker - In my travels, I have yet to meet a person who wishes that their children and grandchildren do worse than they do in life. Universally, I think that all parents want to give their children the best[…]

New Year, Fresh Start

POSTED ON February 2nd - POSTED IN gifts, 401k, 2024, contributions

By William Beynon & John Walker - One thing that I encourage everyone to do is think in a forward way as one-year yields to another. Whether 2023 was a banner or a bust for your family, we can all start fresh on a new calendar year.[…]

Fairweather Friends

POSTED ON October 27th - POSTED IN asset allocation, investment strategy, financial journey

By William Beynon & John Walker - In the last two years, things seem to have only gotten more difficult when it comes to making choices about asset allocation. The S&P 500 (SPY) is essentially flat as we look back 2 years to date as[…]

Goal Planning and the Art of the Possible

POSTED ON September 26th - POSTED IN

By William Beynon & John Walker - One of the luckiest blessings in my life is that I am constantly surrounded by thoughtful people who have unique insights on life. I was recently asked to participate in the crafting of a financial[…]

Rule of the Powerful Few

POSTED ON August 16th - POSTED IN S&P, FinancialMarkets, S&P 500

By William Beynon & John Walker - In governance, the rule of the powerful one is called a Monarchy, and the rule of the powerful few is an Oligarchy. Over the course of this year, we have seen what may appear as the masquerade of the[…]

How Much Do IRAs Really Cost?

POSTED ON June 21st - POSTED IN Tax, IRA Conversions, 401k, retirement

By William Beynon & John Walker - Back in 1974, the ERISA Act established the legal base for the IRAs we all know and love. Just 4 years later, the legislation that created the 401k was born. Since that time, most Americans have[…]

Tax Science of Giving Part II

POSTED ON April 29th - POSTED IN trust, Gift Tax, IRS, taxable gifts

By William Beynon & John Walker - In Part 1 of this discussion, we looked at the tax nature of gifts. We reviewed various types of assets to give and their taxable repercussions. We defined a gift in taxable terms as giving dominion[…]

Tax Science of Giving Part I

POSTED ON March 31st - POSTED IN Gift Tax, IRS, taxable gifts

By William Beynon & John Walker - As we speed through tax season, I have been a part of several discussions centering on gifts. Many of the families we work with routinely give and I think there is a special part of human nature that[…]

Delayed RMD, Tough Markets, and the Roth Conversion

By William Beynon & John Walker - As we all open a fresh calendar, many folks are looking at their resolutions and trying to lay out their plans for this year. Plans for travel, philanthropy and home renovation projects are high on[…]

The Real Value of Advice

POSTED ON December 21st - POSTED IN Thinking About the Future, Family and Money, financial advice

By William Beynon & John Walker - I have had the pleasure of working with many colorful people and families. It would be impossible for me to ever give back as much as I have learned from the good folks I work with. Until very[…]