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

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

November 28, 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 November 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 November 2022, interest rates of high yield savings accounts are well over 2%. 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?

529 Plan Insight: What are 529 plans and why are they important?

November 17, 2022 | By Kayla Sabbagh

For many parents, funding higher education is one of the largest, if not the largest expense regarding their children. An unfortunate truth about college education is that it’s expensive and the cost is rising. According to a report from the Georgetown University Center of Education and workforce, the cost of tuition, room and board, and fees has increased 169% from 1980 to 2020.

Eight Year-End Financial Planning Recommendations as 2023 Approaches

October 25, 2022 | By Jennifer Tse, CFP®, CTFA®, ECA

2023 is on the horizon, and we recommend taking advantage of some key planning opportunities before 2022 expires. The start of any new year marks a challenging time for financial planning, and today’s volatile economic landscape only heightens the sense of uncertainty.

Cyber Security Awareness Month: Tips for Protection

October 7, 2022 | By Aaron Tawil, CFP® and James Perriello, CFP®

October is cyber security awareness month. Here at Wealthstream, we take security seriously and discuss it often as a team. We would like to take this opportunity to help educate our clients on the steps that you can take to help mitigate the risk of being a victim of a cyber-attack.

The 5 Flaws of Using the 4% Spending Rule in Retirement

September 21, 2022 | By Eric Siss, CFP®

You've put a great deal of effort into saving for retirement, and now you're ready to cash in. But wait, you need to determine how much you can consistently withdraw from your savings. Spending beyond your means can leave you with insufficient funds in your “golden years” and spending too little means you sacrificed doing things that you would have enjoyed.

Understanding Global Financial Planning

August 31, 2022 | By Brenna McLoughlin, CFP®, GFP (USA)

Wealthstream Advisors has recently added to our team’s growing list of professional designations, Global Financial Planner (USA), or GFP (USA). We sought out this additional expertise because we know from experience that individuals and families who have lived in more than one nation have unique needs from a financial planning perspective.

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.

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.