Wisdom in Wealth

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

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[…]

Why Do We Talk to Family About Money?

POSTED ON November 9th - POSTED IN Gold, Thinking About the Future, U.S. Dollar, CWA, gifts, Family and Money

By William Beynon & John Walker - Warren Buffett, the “Oracle of Omaha”, says “Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it.[…]

The Rant About Rentals!

POSTED ON October 11th - POSTED IN trustee, trust, rentals, property

By William Beynon & John Walker - The industry agrees that the best portfolios are diversified right? What does diversified mean to you? For most, it means a portfolio of securities like stocks and bonds. In an effort to mitigate[…]