Stephen Wershing, CFP

06/16/2023

Writes the author: "Nevertheless, even with higher premiums, life insurance is still a good investment." No. That's not correct. Not that life insurance can't be used as part of a tax and investment strategy (I do that sometimes and selectively) but this statement on its face without qualification is just wrong. It can be, designed well and in the right circumstances. But just a general statement that insurance is a good investment is one of the great scams of the financial industry.

As you transition into retirement there are lots of financial matters to consider. One of the least obvious might be protection insurance.

06/15/2023

It looks like a good time to re-evaluate your income investments.

After months of interest-rate increases, the Federal Reserve is expected to take a breather.

03/31/2023

Smaller refunds are unfortunate but it should not be unexpected. Review projected taxes near year-end to take advantage of any opportunities available.

The average refund from the Internal Revenue Service is down more than 11% from 2022’s payouts.

03/10/2023

I'm excited to see more women among the ranks of entrepreneurs. Our advisor group is actively promoting women in financial services. I hope we continue to see progress across all industries.

As we celebrate this cornerstone of Women's History Month, here are four essential tips for standing out in a wide-open entrepreneurial world.

03/08/2023

Tax season is a drag. Paperwork, realizing how much you have to pay... Here are some tips to make it easier.

Here are six steps to ensure your business is ready, come April 15.

03/07/2023

Don't be surprised if you end up in arguments over money, especially when you are about to move into retirement. Just make sure you get someone to facilitate before it risks your marriage.

When one spouse is fearful of spending in retirement—even when there’s enough money—it can make life a lot less enjoyable for both of them.

03/06/2023

It is a small proportion of people who benefit from this, but they benefit big.

Married, but filing separately: A growing number of Americans are choosing to submit their taxes independent of their spouse. Here’s why.

02/22/2023

Making annual exclusion gifts allows you to move money to family members and friends so that it is out of your taxable estate with no estate or gift tax consequences.

01/31/2023

One of the greatest tax-saving strategies of all time, especially for young professionals.

Be alert for the times when there's a higher payoff from converting an IRA .

01/30/2023

I've been putting my wife's name first for years. But then I open the door for her, too. C'mon guys - you can do better!

The IRS doesn’t care, so why do most people put the man first on the 1040? Even Kamala Harris goes second to the second gentleman.

01/29/2023

I'm in. How about you?

Middle-aged tech centimillionaire Bryan Johnson and his team of 30 doctors say they have a plan to reboot his body.

01/28/2023

Interesting article on herd mentality. And one reason why the fear of recession may help cause the recession.

They have never had so much data to guide their decisions. But teams and companies still get hiring and firing wrong because of psychological biases.