Divorce During COVID-19: Tips from an Expert

By |2020-11-23T07:37:21-08:00December 1st, 2020|Wealth Management Resources|

Time to Read: 8 Minutes Earlier this year, we wrote about the emerging field of divorce professionals. Here, Allison Williams continues to explore the intersection of divorce and financial planning in a conversation with Carlie Berke of Your Money Advocate. Carlie explains the role of a Certified Divorce Financial Analyst® (CDFA), the importance of

The Social Security Administration Has Announced Cost of Living Adjustments & Tax Changes For 2021. Here’s What You Need to Know

By |2020-10-27T10:29:04-08:00October 27th, 2020|Wealth Management Resources|

Time to Read: 5 Minutes On Tuesday, October 13, 2020, the Social Security Administration released important facts and figures for 2021 - including cost-of-living adjustments (COLA) for retirees and tax changes for the currently employed.  Here's what you need to know: The Good? Benefits Are Increasing Those receiving Social Security benefits will see a

Tax Loss Harvesting: Making Tax Lemonade from Bear-Market Lemons

By |2020-09-09T09:32:37-08:00September 15th, 2020|Wealth Management Resources|

Time to Read: 6 Minutes Tax-loss harvesting is an investment strategy used by savvy investors during market declines. A “bank” of capital losses creates a tax asset in non-retirement accounts. That asset can be used to defer, reduce, or (in some cases) eliminate taxation. At Brown Wealth Management (BWM), we take care of harvesting

Estate Planning Basics

By |2020-09-09T09:31:19-08:00September 9th, 2020|Wealth Management Resources|

Patrick recently sat down with local San Diego attorney Teddy McNamara to discuss some common questions we hear from clients about their estate plans.  Tune in as they discuss some estate planning basics including: What are the basics of an estate plan? What documents are involved in an estate plan? Do I need an

Roth Conversion: A Better Way to IRA

By |2020-08-31T13:29:33-08:00September 2nd, 2020|Wealth Management Resources|

Time to Read:7 Minutes Roth IRAs are known for their tax-free growth and withdrawals; however, high earners and retirees regularly overlook these dream savings accounts because they have income limits that, on the surface, prevent them from participating. At Brown Wealth Management (BWM), we think that Roth conversions are an effective, alternative way to

Tax-Saving Strategies for High Earners: Part I – Stacking

By |2020-08-04T08:08:57-08:00August 4th, 2020|Wealth Management Resources|

Time to Read: 7 Minutes Many high earners want to know which strategies they can implement to reduce their taxes. In Part I of a 7-part series, “Tax Saving Strategies for High Earners,” we explore the basics and benefits of a tax-reduction strategy called “stacking.” This involves grouping itemized deductions for charitable giving, state/local

Mortgage Refinancing: How the Market Downturn Has Provided an Interesting Opportunity

By |2020-08-04T08:10:22-08:00May 8th, 2020|Wealth Management Resources|

Time to Read: 8 Minutes As coronavirus concerns continue, millions of homeowners have been receiving surprisingly good news as mortgage rates continue to hit new record lows. Last Month, the national average rate for a 30-year mortgage fell to 3.33 percent, with an average of 0.7 points paid, according to data from Freddie Mac. Mortgage rates