LWM Insights

Business Transition: What is your strategy?

Like many business owners, for as long as you can remember, your life has been your business and your business has been your life. Whether it is a business you built from the ground up or a family business that has reached the third generation, business owners all face one common outlook: the fact that… Read more »

The Value of Working with a Wealth Advisor

Money can be a source of stress for many individuals.  Making sure you have enough to live comfortably through retirement or to take care of future generations can cause endless worrying and anxiety. In this age of technology, you might be tempted to take the “do it yourself” approach but it’s not always the wisest decision…. Read more »

Quarterly Reporting

In the last 10 years, Uber has revolutionized the way people travel, social media has changed the way we communicate with each other, and cell phones (or mini computers for that matter) are a necessity for certain tasks. One thing that has not changed in the financial world is the idea of a quarterly report…. Read more »

What Should My Asset Allocation Be?

Allocations amongst “Friends” There is no simple answer to the question, “What should my asset allocation be?” Not only is every person’s financial situation unique, but people have preferences and things like the financial markets are always changing. So how do we answer this very important question? Let’s look at a couple of scenarios using… Read more »

Preventing Cyber Fraud

Cybercrime and fraud are serious threats and constant vigilance is key. While Lexington Wealth Management plays an important role in helping protect your assets, you can also take action to protect yourself and help secure your information. This checklist summarizes common cyber fraud tactics, along with tips and best practices. Many suggestions may be things… Read more »

Maximize Charitable & Generational Gifting

With new limits placed on the itemizing deductions, paired with the increase in the standard deduction, many more taxpayers are going to be taking the standard deduction. Defining the “Bunching” Technique Qualified charitable distributions Gifting Appreciating Assets 529 Plan Gifting to a Roth IRA

Intra-Family Business Transfer

Small business owners face many challenges when determining how to best transfer assets to their children. In some cases selling the business might not make sense if the family wants to retain the asset. Due to the illiquidity associated with a closely held business a thoughtful strategy must be developed to transfer all, or a… Read more »

Two Simple Documents…

  If you’re about to send a child off to college or off to work in the real world. The most important thing you should do is: Ask this young adult to sign a durable power of attorney and a health care proxy. Two simple documents. We can help you get this done asap for as little… Read more »

Behavioral Finance – The Basics

In our July 2018 Insights Jason Hastings discusses Behavioral Finance and covers some of the following: Defining “Behavioral Finance” Why does it matter to you? Does this sound familiar? My own story Common biases Read the entire Insights by downloading the file below.

Bonds vs Bond Funds

In our May 2018 Insights Frank Censullo discusses bonds and bond funds around the following topics: Defining bonds and bond funds Relationship with Interest Rates Diversification amongst bonds ETFs and their limitations, costs, fees, etc… How to implement a bond strategy in your current portfolio Read the entire Insights by downloading the file below.

Tax Reform Insights & Planning Points

In our March 2018 Insights Glenn Frank and Mark Carley discuss the following topics: High level changes and main planning points Schedule A – Standard Deductions Charitable Gifting – Implications and possible unintended consequences of the tax law changes Investment Income – Not many changes, but… Education – More ways to benefit from funding education… Read more »

2016 Year-End Tax Guide

Sound tax planning is essential to effective wealth management. As the calendar year draws to a close, there are some planning opportunities to consider to potentially reduce your Federal tax liability. We encourage you to talk with your tax advisor to evaluate these strategies. Please do so well in advance of year-end as some may… Read more »

Year End Planning & Budgeting

Household Information Who besides you knows where to locate information about professional contacts, assets and obligations?  How challenging would it be for other members of the household or family to figure things out if the unexpected happens?  Life is unpredictable and it’s best to be prepared.  Use our “Personal Financial Key” and keep it in… Read more »

Rising Rates & My Portfolio

This past December the Federal Reserve announced they will be increasing the federal funds interest rate by 0.25% to 1.50%.  The good news is fundamentals seem to be stable enough that the Federal Reserve continues to tighten monetary policy.  This gives the economy a vote of confidence.  In the media, we often hear about rising… Read more »

Health Savings Account

The Health Savings Account or “HSA” was authorized by the Medicare Prescription Drug Improvement and Modernization Act of 2003 as a way to encourage consumers to manage their own health care costs.  As those costs continue to rise, Health Savings Accounts have come into focus as they are frequently included in discussions about health care… Read more »

Mindfulness – Start the Year off Right!

Did you know you have an average of 60,000 unique thoughts on any given day? And some people estimate that 80-90% of those thoughts are the same as the day before? Imagine what you could do with that space if even 20% of your mind was freed up. Imagine if you could shed stress and… Read more »

Do I Need a Trust?

Historical Perspective Trusts trace their origins to the feudal system in thirteenth-century England.  The use of a trust grew out of the king granting use of his land to feudal overlords.  The idea of giving to another person the legal ownership of property, not for the benefit of the recipient, but rather for the benefit… Read more »

The Most Powerful Force in the Universe?

Time & Money The HP12c is a calculator that is used in the financial industry pretty regularly. Amongst its vast array of functions, one of its most used is its ability to calculate the time value of money. Time value of money represents the idea that $1 today could be worth more in the future… Read more »

Empower Women

Get Ready! We’re launching the LWM Empower Women Series in 2017. The goal of this series is for our ladies to come to a welcoming setting where they can ask the questions they never asked. Take charge of your financial life. Be empowered. No question is a stupid question and we’ll answer in the simplest… Read more »

Understand & Create Your Wealth Plan

Know Your Budget Start simply. Begin to understand what you have. What money is coming in and what is going out. You’ll hear words like income and expenses, assets and liabilities, but it’s not that complicated. The obvious is: less should go out than comes in. Sources of what comes in can be paychecks, social… Read more »