The Corporate Transparency Act (CTA), effective January 1, 2024, will affect approximately 32 million companies in the United States. Under this legislation, impacted legal entities must report information about their beneficial owners and controlling parties, among other information, to the US Department of Treasury's Financial Crimes Enforcement Network (FinCEN). LifeTime Tax Management will not be [...]
By definition, estate planning is a process designed to help you manage and preserve your assets while you are alive, and to conserve and control their distribution after your death according to your goals and objectives. But what estate planning means to you specifically depends on who you are. Your age, health, wealth, lifestyle, life [...]
This roundup of top financial news for the week presented by Matt Glova and the LifeTime Asset Management team: Monthly Market Update, May 31, 2024 Quick Highlights: 1. Markets Rebound in May: Stocks rallied after declining in April. 2. Falling Yields Support Bond Prices: Falling interest rates caused bond price to rise. 3. Labor Market [...]
May 29th is National 529 Day – reminding families and friends that it has never been easier to help save for a child’s future. By contributing to a 529 savings plan, you help prepare a child for whatever path they choose. Earnings grow tax-free on the federal level, and in most states, if savings are [...]
Charitable giving is an important piece of many individuals’ estate plans. Beyond the tax advantages offered by charitable donations, many people have personal reasons for choosing to include charities in their estate plans. A number of different vehicles are available to facilitate charitable giving, apart from a straight gift of cash or property to an [...]
Matt Glova has been named to Forbes’ Best–in–State Wealth Advisors list for 2024. The list is published on forbes.com/best-in-state-wealth-advisors. This is Matt's sixth consecutive year earning this prestigious award, starting in 2019. See Matt’s profile on this Forbes’ list here. Each advisor—selected by SHOOK Research—is chosen based on an algorithm of qualitative and quantitative criteria, [...]
Spring is a time of renewal and rejuvenation, as the world awakens from its winter slumber and new life begins to bloom. As the saying goes, "April showers bring May flowers", and this sentiment can also apply to your financial life. Taking the time to "spring-clean" your financial plan can help you grow and thrive [...]
This roundup of top financial news for the week presented by Matt Glova and the LifeTime Asset Management team: Monthly Market Update, April 30, 2024 Quick Highlights: 1. Markets Pull Back: Stocks fell in April as rising interest rates weighed on performance. 2. Bonds Struggle: Rising short- and long-term interest rates caused bonds to fall. [...]
Tax season is notorious for creeping up on us, and for some, the April 15th deadline can arrive all too suddenly. If you've procrastinated on filing your taxes, don't panic. It's not too late to take action and get your return in order or request an extension. Additionally, tax season can be a stressful time for [...]
This roundup of top financial news for the week presented by Matt Glova and the LifeTime Asset Management team: Quarterly Market Update, March 31, 2024 Here are the highlights: 1. Strong Start to the Year for Stocks A positive March for stocks caps off a solid first quarter. 2. Mixed Quarter for Bonds Bond returns [...]