Wealthstream Advisors recognized as a Best Place to Work for Financial Advisors by InvestmentNews for 2021 and 2022

Tax Considerations and Strategies for New York Estate Planning

July 26, 2022 | By Katharine George, CFP®

When it comes to estate planning, our discussions with clients typically revolve around the Federal estate. Our clients are less aware of the careful planning and consideration needed to address their estate tax on the state level. For instance, as of 2022, 12 states and the District of Columbia levy estate taxes on estates over a certain value – and New York is one of them.

Why It Could Make Sense to Purchase I-Bonds Right Now

July 7, 2022 | By Tim Daly, CPA

With inflation at its highest level in more than 40 years and a volatile equity market that has decreased by double digits through July of 2022, many investors are looking for an attractive investment where they can park their money without it losing value. For some, that could mean a high yield savings account – as of July 2022, interest rates of high yield savings accounts are around 0.75% to 1.25%. For others, it could be bonds – savings, municipal, or corporate – but some of those options don’t pay a great return either and most bond mutual funds have losses for the year thus far. So, it begs the question: Where can investors earn income at the prevailing inflation rate with minimal risk?

The Four C’s: Achieving Financial Peace of Mind

June 10, 2022 | By James Perriello, CFP®

Managing the financial aspect of life takes brainpower and a lot of time: staying updated on the markets, tracking changes in tax law, and reading the fine print are just a few examples. Whether you are busy managing a business, juggling family life, or simply enjoying retirement, these tasks–and the financial responsibility that comes with them–require a team effort. That is where a financial advisor steps in.

The 4 Most Common Equity-Based Compensation Taxation Mistakes, and How to Avoid Them

May 27, 2022 | By Jennifer Tse, CFP®, CTFA®, ECA

Equity based compensation is a wonderful way to potentially share in the profits of your company. Getting the most out of your equity compensation requires understanding the key concepts and specific terms and conditions of the grant. It is also important to understand the tax implications surrounding your equity compensation and to make decisions with a long-term financial plan in mind. Not fully understanding what you have been granted or not having a plan can easily lead to mistakes, lost opportunities, and even outright loss.

Divesting a Concentrated Stock Position

May 19, 2022 | By Joe Orff

We’ve seen clients diligently accumulate stock in their company over their careers. 

Wealthstream Advisors, Inc. Named Among 2022 Best Places to Work for Financial Advisers by InvestmentNews

March 22, 2022 | By Wealthstream Advisors Press

New York, March 22, 2022 Wealthstream Advisors, Inc. (“Wealthstream”) an independent boutique wealth management firm announced today it has been recognized as a 2022 Best Places to Work for Financial Advisers by InvestmentNews.

Record Keeping and Tax Tips for Small Business Owners

March 9, 2022 | By Tim Daly, CPA

Being a small business owner or partaking in a side hustle can be a rewarding experience. You can be your own boss, have the freedom to work as you please and can provide products and services that you are passionate about. However, with these freedoms also comes additional responsibilities. You must keep accurate records of all the income and expenses of your business and ensure you are paying taxes on time, which can be a daunting task.

5 Common Investment Misconceptions we Hear From our Clients

January 11, 2022 | By Michael Kimmel, CFP®

If you follow the stock market closely, you have probably noticed that what we read in the news oftentimes doesn’t reflect actual market trends. Commonly accepted stock market myths have become so pervasive that they can affect how we choose to invest and how we characterize ourselves as investors.

Taking a Closer Look at Tax-Loss Harvesting

December 13, 2021 | By James Perriello, CFP®

Tax-loss harvesting is an effective strategy to generate tax savings.

While this statement holds true in the short-term, if you take a step back and look at the long-term ramifications, the benefits—and drawbacks—of tax-loss harvesting are a bit more involved.

Year-End Tax Planning Checklist: What to Look For Before December 31st

November 16, 2021 | By Matthew Gordon, CFP®, RLP®

As 2021 draws to a close, it’s a good time to make sure that your tax planning is set. To help minimize your tax payments over time, there are several items that should be completed before December 31st. In this article, we’ll cover the 10 critical areas you should focus on for your year-end tax checklist.