Cove Financial Planning, LLC
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How to Prepare for an Inheritance

American retirees expect to leave an average inheritance of nearly $177,000 to their heirs. As tempting as it may be to pay cash for that cherry red Ferrari you had a poster of during your teenage years, it’s important to be strategic with a significant windfall. Consider the following steps when you learn of an upcoming inheritance to ensure that every dollar will benefit your and your family’s future.

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Ben Smith
The Power of Tax Loss Harvesting

Nobody likes seeing any of their investments drop in value. Likewise, not many are excited at the prospect of paying a lot of taxes, especially if avoidable. Losses in a portfolio can be used to offset gains (and even income) through tax loss harvesting. As they say, if life gives you lemons, make lemonade!

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Ben SmithTaxes, Investing
Saving for Retirement

Investing can be complex, just like properly training for a half marathon. And make no mistake, investing, especially for retirement, IS a marathon. Like with any long-term endeavor, proper preparation can make all the difference. Consider these strategies as you assess your own retirement savings.

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Ben Smith