The Value of a Balance Sheet
At Eclectic Associates, we believe that getting a look at a client’s entire financial picture, not just their retirement and brokerage accounts, guides us in making sound and well-informed decisions for our clients. Not only is it important for us to have a holistic view of a client’s overall wealth, but there are many times when a client does not yet have a grasp of their own true net worth.
Kiddie Tax, UTMAs, and 529s
Recent changes in the tax law have expanded on the rules for 529 accounts, making them an extremely useful tool for helping the next generation get ahead whether they end up going to college or not.
Elder Law vs. Estate Planning – What’s the Difference?
Daniel (Dan) York is an Elder Law Attorney who practices in the Fullerton area. During a recent presentation, Dan mentioned his concentration on elder law and how it differs from general estate planning. We thought that was an intriguing and perhaps often misunderstood topic, so we asked Dan to discuss it further in the following interview.
How Presidential Election Years Affect the Stock Market
Election season is in full force here in the United States, but Tuesday, November 5th, 2024 still feels a long way away. Between election uncertainty and geopolitical events, we shouldn’t be surprised if stock market volatility rises. You may be wondering what to expect from the rest of this presidential election year.
2023 Year-End Letter
Despite numerous risks, the markets climbed “a wall of worry” and reversed much of the losses from 2022. Most of the gains were earned in the last nine weeks of the year.
Who is IRMAA and Why is She Taking My Money?
IRMAA or the Income Related Medicare Adjustment Amount is a Medicare surcharge or tax determined by your two-year prior MAGI (Modified Adjust Gross Income).