Getting Frank Blog

An easy, impactful, and tax-smart strategy for pursuing your philanthropic goals As the end of the year approaches, many individuals, families, and business owners are seeking ways to help fulfill their charitable giving and tax planning goals. Donor-advised funds are a popular way to help accomplish multiple financial goals due to their ease and flexibility, and the impact they can…[...]

Continue Reading

Posted in Return on Life Wealth Partners Service | No Comments »

Medicare is the government healthcare program for people age 65 or older. While Medicare offers a broad range of plans, sorting through all of the different options available to you can be confusing and time consuming, and enrolling late could result in paying more throughout your lifetime. Below are five things to consider before enrolling in Medicare to help you…[...]

Continue Reading

Posted in Return on Life Wealth Partners Service | No Comments »

Is a corporate trustee the right choice for your estate planning needs? Establishing a trust can help ensure that your assets are put to work according to your wishes, during your lifetime and after you're gone. A trust can also help reduce estate taxes. When you establish a trust, you appoint a trustee – a person or entity that manages…[...]

Continue Reading

Posted in Return on Life Wealth Partners Service | No Comments »

3 Things to Know Before Buying a Second Home Like many people, you may wonder if owning a second home or vacation property is a good strategy for adding real estate to your investment portfolio. Owning a second home can be an effective way to diversify your assets, generate income, and build equity. However, like any investment, it's not without…[...]

Continue Reading

Posted in Return on Life Wealth Partners Service | No Comments »

Understand how life insurance needs change over time Many people understand the vital role life insurance plays as a risk management tool. However, life insurance planning can be daunting. That's because each family's needs and situation differ. As a result, your risk management strategy needs to reflect what's unique about your lifestyle, goals, family, and financial circumstances. Life insurance is…[...]

Continue Reading

Posted in Return on Life Wealth Partners Service | No Comments »

Overcoming common misconceptions about managing family wealth Many people are surprised to learn that an estimated 70% of wealthy families will lose their wealth by the second generation and 90% will lose it by the third.1 While these statistics are eye-opening, there are steps that families can take to help preserve and protect wealth across generations. That begins with understanding…[...]

Continue Reading

Posted in Return on Life Wealth Partners Service | No Comments »

Setting the foundation for a lifetime of fiscal responsibility While parenting styles and methods may differ, most parents share a common goal: to raise children to be healthy, happy, and independent adults. Preparing children for financial independence by instilling healthy habits and attitudes about money can go a long way toward achieving these goals. Fortunately, you don't need special training…[...]

Continue Reading

Posted in Return on Life Wealth Partners Service | No Comments »

Tax-advantaged 529 education savings plans have long been a popular way for families to set money aside for education expenses. Now they're even more flexible, thanks to a provision under the SECURE 2.0 Act of 2022 that allows for a 529 plan rollover of unused assets to a Roth IRA, when certain restrictions are met. How 529 plans work A…[...]

Continue Reading

Posted in Return on Life Wealth Partners Service | No Comments »

This year marks our 30th anniversary as an independent wealth management firm. As I reflect on this milestone, the word "gratitude" repeatedly comes to mind. Building and growing a sustainable wealth management firm within a highly competitive industry requires the commitment of a dedicated and experienced team, well-vetted professional partners, and most of all, our clients who have embraced our…[...]

Continue Reading

Posted in Return on Life Wealth Partners Service | No Comments »

Prince and Heath Ledger didn't have their affairs in order, but you should. Following his death in 2016, Prince made headlines when it was discovered he died intestate – without a will or other estate planning documents governing the disposition of his $156 million estate, which included $6 million in cash, his Minnesota Paisley Park estate, and the rights to…[...]

Continue Reading

Posted in Return on Life Wealth Partners Service | No Comments »