Capital Insights

Cybersecurity: What can you do to stay protected?

Prior to the pandemic, the risks of cyber fraud and identity theft were already a significant worry for many. As life retreated indoors during the quarantine and subsequent slow reopening, most shifted even more of their purchasing activity to online platforms.  As a result, U.S. consumers are now grappling with record amounts of cyber fraud.

Who is Alexandra Armstrong?

This is supposed to be a short essay on Alexandra Armstrong - a little recap of her climb up from secretary to chairman of her own company with sprinkles of text describing her generosity, strong mentorship, volunteer work, being a role model and her endless (ENDLESS) energy.

Year End Planning for 2021

It is that time of the year again – crisp fall air and holidays approaching – which is also time to revisit your year-end planning checklist. Here are some planning strategies that can be used to reduce your tax exposure and help organize savings, gifting, and charitable donations.

Inherited IRA Rules

If you plan on leaving IRA and retirement plan assets to heirs — or if you stand to inherit retirement assets — the federal spending package, which included the Setting Every Community Up for Retirement Enhancement (SECURE) Act, at the end of 2019, has brought new rules and distribution options you should be aware of.  

Saving vs Investing

It’s a common misconception that saving and investing are one and the same. They are both key concepts to creating a solid financial foundation, but there are differences between when to save and when to invest.

Opportunity and optimism amid the pandemic

For many, the pandemic turned the world upside down. For some, it offered an opportunity to view life from a different perspective. This is the brief summary of how one of our clients and her family found solace in the depths of the Covid-19 pandemic.

Know the Rules to Avoid 529 Distribution Mistakes

As a continuation of one of our recent blog posts on 529 accounts, we now wanted to focus in on the various rules for distributions from those accounts. 529 plan account owners can withdraw any amount from their plans, at any time, but only the qualified distributions that we previously referenced (i.e., for college expenses, $10,000 per year for K-12 tuition/fees, etc.) will be tax-free.

Behavioral finance: How our subconscious beliefs impact our real-world dollars

Have you ever found yourself struggling to stick to a budget, despite your best efforts? When an investment you picked does particularly well, do you notice how proud you are? And if it underperforms, it is clearly due to unforeseeable economic conditions, right? If an unexpected car repair pops up – do you find yourself carrying that balance on a credit card rather than drawing on your vacation savings to cover the expense? Each of these scenarios gives us a peek into how our psychology influences our financial choices, for better or worse. The good news is that you can learn to recognize common missteps and consciously choose to adjust your strategy with behavioral finance.

529 Accounts: The ins and outs of qualified expenses

As you may know, 529 accounts are a great savings vehicle for many individuals to save money for education. The IRS allows funds in this account to grow without being subject to tax until a distribution is made, and depending on the type of expense, the proceeds can even be tax free! To determine the taxability of the distribution, the IRS looks at the purpose of the expense and groups them into two categories: qualified and nonqualified expenses.

Impact of children on your financial path

When thinking about your future, there are many factors and life choices you will have to plan and save for—whether that’s purchasing your first home, buying a car, or growing your retirement nest egg. Starting your family is one of the most rewarding experiences in life, but it carries some significant financial costs. No one wants to financially evaluate having a child the same way they would the purchase of a car, but it’s incredibly important to plan ahead.