Small Businesses Need Retirement Plans Too- Retirement Planning for Your Small Business

/ Castle Wealth Advsiors, LLC/
Small Businesses Need Retirement Plans Too- Retirement Planning for Your Small Business

Providing a retirement plan for your business can be beneficial to both you as an owner and your employees.  With the move away from pension plans many individuals will be relying more heavily on their own savings to provide income during retirement.  One of the best tools we have to create retirement savings is a plan through their employer. 

If you are considering creating a retirement plan for your small business you have several options.  Below will be a discussion about a few of those options.  This is not an exhaustive list and there may be some plan types that will benefit you more than another.  Prior to implementing a plan you should consult with a seasoned professional (financial advisor and tax advisor) who can help you select the plan that will best fit your small business.  The contribution limits and tax deductions can vary from plan to plan and year to year. So, it is advised to work with a trusted advisor.

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Estate Planning for Children Over The Age of 18??  The Answer May Surprise You.

/ Castle Wealth Advisors, LLC/
Estate Planning for Children Over The Age of 18??  The Answer May Surprise You.

Do you were children need estate planning documents?   If your child is 18 or older, they are technically in adult.  Which means you no longer have the legal right to make medical decisions for them, access their medical records, or handle their financial matters.  Consider the implications not having the ability to make medical decisions for your child in the case of emergency or if your child becomes incapacitated.  

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How Has Your Estate Planning Been Impacted By the New Tax Law

/ Castle Welath Advisors, LLC/
How Has Your Estate Planning Been Impacted By the New Tax Law

Now that tax season is over.  Take a moment to ask yourself if your Estate plan needs to be reviewed.  Many individuals and families are finding they may need to check in with their financial planner and attorney to understand how the new tax law may impact their estate plan.  

An Estate plan, just like a piece of real estate, needs periodic maintenance and care to make sure it’s in good shape when you need it most. 

Provisions in the newly passed GOP tax plan mean it’s time to review a handful of key areas in your estate plan. Below are five areas you should pay attention:

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3 Tips To Make The Most Of Your Tax Return in 2018

/ Castle Wealth Advisors, LLC/
3 Tips To Make The Most Of Your Tax Return in 2018

2017 brought many changes for individual taxpayers and small business owners and left many scratching their heads.  As we approach tax season here are three tips to keep in mind that may help you as you file your tax returns. 

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Basics of Estate Plans: A Simple Way To Understand What Happens To Your Assets

/ Castle Wealth Advisors, LLC/
Basics of Estate Plans: A Simple Way To Understand What Happens To Your Assets

I’m asked many times by novice and experienced investors alike, “Do I need a will?” 

“Well, it depends on what you want to happen” is my general response.  Not everyone’s situation is the same and therefore they don’t need the same estate documents.  But at a basic level I believe everyone should have an understanding of the process for wealth transfer based on the pre-death planning that has been done.

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Your Charitable Gift: What is the Best Method for You

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Your Charitable Gift: What is the Best Method for You

Many people assume that the hardest art of making a charitable gift is determining which worthy charity to donate.  While this may be true, many people often overlook or don’t fully investigate the method in which they make their contribution.   Here are a few giving methods and a bit about them for you to consider before making your next charitable contribution.

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