News

By the Wealth Management Resources Team

It’s common to forget about capital gains when our investments are doing well. But when we sell an asset or investment for a profit, that profit is subject to capital gains tax. While there are many variables on how much your capital gains tax rate could be, there are some basic strategies you can explore to help minimize the amount of capital gains you ultimately pay. Let’s dive in.

By Todd Casazza, CFP® and Patrick Diamond, CFP®

Every Fall, the Social Security Administration announces a cost-of-living adjustment (COLA) for the millions of Americans who receive Social Security benefits. On Thursday October 13^th it announced a COLA increase of 8.7% to take effect in December of this year.

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By Jeremy Lawton, Financial Advisor, MBA

We know parenting is a full-time job that keeps you busy 24/7. Whether you’re navigating the terrible twos or the terrible teens, your plate is pretty full. You have bills to pay and a retirement to save for. You think about college for your children, but it seems so far away. Ask anyone with grown children and they will tell you that the days are long but the years are short, and before you know it, you too will be planning college visits and filling out applications. 

Your child’s education is one of the most important investments you can make, and with today’s costs, it pays to plan ahead. Have you started saving for your child’s college fund? If not, here are 5 steps to get started.

By Patrick Diamond, CFP® and Jeremy Lawton, MBA

On August 24, 2022, the Biden Administration announced a student loan debt relief plan. Jeremy and I have our own experience with student loans from undergraduate and graduate studies. We know firsthand how confusing the different (and moving) parts to the student loan repayment process can be to everyone. We’ve put together the following article to summarize the recent announcement and highlight where questions still exist.

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By Scott Everly

It has taken years to get your business where it is today. Although it may seem premature to discuss an exit strategy, it is an equally important element of your business plan. The business owner’s exit plan can affect many decisions related to the business, since the exit plan could be one of many options, including initial public offerings (IPO), strategic acquisitions, or management buyouts (MBO). (1)

All business owners must one day transition the business, which means advanced planning is critical to achieving their goals—both for their business and family. Nearly 48% of business owners who want to sell their business someday have no formal exit plan. (2) What is the advantage of creating an exit strategy? For many business owners, it could put them in a tax-favored position once they are ready to make a move.

Let’s take a look at what Wealth Management Resources covers in our strategic exit-planning process. 

By the Wealth Management Resources Team

It’s no secret our world is a bit uncertain these days. It feels like we’re constantly waiting for the other shoe to drop. If you’re like most people, living with this level of uncertainty day in and day out can be stressful. As much as we may not like living with instability, the market likes it even less. 

By Scott Everly

Most of us can point to specific people or events that have influenced our choices and made an impact on how we live our lives. For me, it was the inspiration and example of my father that led me to where I am today. I grew up surrounded by the world of finance and learned early on about the positive effect a solid financial plan can have on one’s future. My father, Arthur Everly, co-founded Wealth Management Resources, Inc., a company that has been a part of my life for as long as I can remember. Seeing how my father helped people achieve financial success and the appreciation they have shown him in return has made a lasting impression. Ultimately, I want to provide value in others’ lives by helping them build a solid financial foundation. It was my father’s example, and the realization of how I could also impact people’s lives for the better, that led me to choose to continue in my father’s footsteps and pursue a career as a financial advisor.