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WALSH & ASSOCIATES BLOG

Men and women may not be on equal footing when it comes to investing for the future. On average, women work fewer years and earn less than men, but they also tend to live longer.1 Therefore, women must focus on the concerns that are unique to them when planning for retirement. Women Don't Invest Differently ... Unfortunately, some negative stereotypes…
With the success of our Fall 2017 Financial Forum hosted at ACE at Suncoast Technical College, we are excited to announce that this semester will be teaming up with them again for our Spring 2018 Sarasota Financial Forum. We’re excited to present classes on eight different topics at this semester’s forum. Classes will be held at both ACE’s Sarasota and…
According to the College Board1, the average cost of college for 2017 was $34,740 at private colleges, $9,970 for in-state residents at a public college, and $25,620 for out-of-state residents at a public college. No matter how you look at it – it’s not cheap. A possible solution? A designated education savings account could be the way to go. But…
A critical skill for any investor is the ability to spot a financial scam when presented with one. Unfortunately, all too many investors are fooled every day – don’t let yourself become a victim! While investment fraud can come in all shapes and sizes, there are five notable “red flags” you should always watch out for when looking at an…
Upon retirement, many of us expect to receive our Social Security benefits – a much needed supplement to our income in retirement. And due to this expectation, it’s no surprise we become uneasy when we hear worrisome remarks on the fate of Social Security. Here are five common myths we hear about Social Security, and the actual facts behind each…
Though no one likes to admit it, divorce is a very real possibility for many marriage in the U.S. – with between 45 % estimated to fail*. It is undoubtedly a stressful occurrence, but it’s important to not let yourself be taken advantage of. There are a number of financial traps the unsuspecting can fall into, especially when it comes…
After three years of being held at $18,000, the IRS has officially announced that you can contribute up to $18,500 to your workplace 401(k) for 2018. This limit also applies to other qualified retirement plans, such as 403(b)s or thrift savings plans. Keep in mind, the limit is for employee elective deferrals, and does not include any non-elective contributions or…
Bitcoin – it’s a hot topic right now, and more than a few of our clients have inquired about its legitimacy. Are cryptocurrencies, like the popular Bitcoin, experiencing a major bubble that’s doomed to burst? Or could they actually be a great investment on the cutting-edge of a new technology? While we can’t see into the future, our gut tells…
As a business with one of our locations in Florida, we are all too familiar with the ways a hurricane can flip your life upside-down. This year has already been devastating, with both Hurricane Harvey and Hurricane Irma ripping through Texas and Florida.   Thankfully, for those affected by natural disaster, the IRS offers some relief. It is important for anyone…
A trust can be a powerful estate planning tool – protecting your assets from creditors, shielding your estate from loss, safeguarding benefits for the disabled, avoiding probate costs – we could go on. And yet, many trusts fail to work the way they were intended to! So what makes a trust fail? We’ll talk about some of the most common…
The old saying "knowledge is power" applies to many situations in life, including retirement planning. The more you know about the benefits your plan offers, the more likely you'll be to make the most of them and come out ahead financially when it's time to retire. Here are some questions to test your knowledge about your plan. How much can…
Though not an unusual request, we realize that estate planning for a pet or pets is not all that common. For many people, their pets are viewed as members of their family, and are treated as such. So even though you can’t leave money or property to your pet as you could a normal beneficiary, you can still plan to…
Thinking about risk in investing can elicit a number of emotions. Does it mean the opportunity for great returns? Or does it bring up thoughts of being left with nothing? Or to you is investment risk not exciting at all, just an inevitable part of the investment process? Asking these types of questions can help you better understand what your…
In today’s high-tech world, technology has produced a new form of property that we need to think about in our estate documents. Digital assets are now an essential part of the estate planning process, but some people may still overlook them! It’s important to not only remember your digital assets when working with your estate planner, but also understand the…
Let’s take a step back in time – where were you in 1980? Remember it like it was yesterday? In 1980 the average cost of a new car was $7,210. Today on average you’ll pay about $33,000! And we’re sure you’ve noticed the substantial change in gas prices. These staggering price differences are due to inflation – and it can…
At Walsh & Associates, one of the most valuable services we offer is our Red Flag Audit® (RFA®). Just as a red flag indicates that conditions are unsafe, our Red Flag Audit® is an opportunity for us to show our clients those things in their financial environment that could be “unsafe”. Over the years of providing this service, we’ve come…
The IRS has released a new rule that will simplify the method for estates to obtain an extension of time to make the estate tax portability election.  Known as Revenue Ruling 2017-34, this new rule will ease up on surviving spouses who failed to take advantage of their deceased spousal unused exclusion amount (DSUE) in a timely manner.  Background on…
Though oddly named, a QTIP trust is used by many wealthy couples to protect their assets and provide for the surviving spouse. The catchy QTIP acronym stands for Qualified Terminable Interest Property, which is property in a decedent’s estate that can still qualify for the estate tax marital deduction (with certain restrictions). QTIP can also be property that is given…
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