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Financial Life Planning: A Roadmap to Your Best Life

January 18, 2024 | By Matthew Gordon, CFP®, RLP®

 As financial planners, we get to assist people on a quest. Simply put, our job is twofold. 

The 3 Most Common Equity-Based Compensation Taxation Mistakes, and How to Avoid Them

January 9, 2024 | By Wealthstream Advisors Team

Equity-based compensation is a wonderful way to potentially share in the profits and appreciation of your company. Getting the most out of your equity compensation requires understanding key concepts, terms, and conditions related to this equity. It is also important to understand the tax implications 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 losses.

What is Monte Carlo Analysis and How Can It Help Investors?

May 17, 2023 | By Eric Siss, CFP®

In this Insight, we explain Monte Carlo analysis (also commonly called Monte Carlo simulation), how it works, and how it can be a powerful tool when projecting a family’s long-term financial future. 

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.

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.

What to Do If Your Long-Term Care Insurance Policy Premium Increases

October 27, 2021 | By Tracy Shar, CPA, CFP®

If you have a long-term care policyespecially an older oneyou might receive a letter one day saying your premiums will increase. Don’t panic. You have options.

Fiduciaries, Broker-Dealers, and Regulation BI

February 24, 2021 | By Katharine George, CFP®, AEP®

Your relationship with your financial advisor should be grounded in trust, competence, and mutual interest. As an investor, your expectations are that your wealth management firm offers the sort of guidance that delivers you the best possible outcome—even if that outcome means they receive fewer commissions or fees.

10 Keys to Staying Financially Level-Headed in 2020

November 12, 2020 | By Michael Goodman, CPA/PFS, CFP®

Last month, we were joined by our friend and guest, CBS News Business Analyst Jill Schlesinger, for a webinar focused on your questions about the pandemic and what it means for your financial plans going forward. We covered everything from financial news and the stock market to college tuition and the upcoming presidential election. If you missed the webinar, here are 10 takeaways: 

Divorce: Key Considerations for an Equitable Split

December 5, 2019 | By Brenna McLoughlin, CFP®

Divorce results in the division of a household’s assets and income, but parties involved should consider that sometimes a split that appears equitable may not be.

Should I Borrow From My 401(k)?

November 16, 2019 | By Eric Siss, CFP®

When staring down a major financial decision, the first question we often ask ourselves is “what is the best way to meet this cost?” As we assess our situation, it is completely natural to look towards one of, if not the largest, numbers on your balance sheet, your 401(k). But how exactly do you access these dollars if the rules say you cannot, without penalty, until you are age 59 ½?