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When Can I Withdraw Money from My Tax-Deferred Investments

September 22nd, 2016

If you have made tax-deferred investments, you probably know that you can’t withdraw money from that account before the age of 59½. Doing so will trigger a 10% federal income tax penalty, where all the distributions are subjected to ordinary income tax. However, there are certain situations which allow you to avoid this tax penalty […]

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Posted in: Financial Planning,
Estate-Planning-Aging-Parents

How to Discuss Estate Planning for Aging Parents

August 24th, 2016

We have been through numerous awkward and uncomfortable discussions with our parents while growing up, ranging from studies, love interests and career. As an adult, you will find yourself amidst another tricky discussion; this time however, it will be about securing your aging parents’ interests, assets and ensuring that they are financially stable through their […]

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Tahoe Donner vs. Incline Village: California vs. Nevada

July 8th, 2016

The Greater Tahoe Region is the most popular destination for active individuals in the Blossom Wealth Management community. Consequently, we are often asked whether purchasing a second home is a wise decision. Like most financial decisions, it depends. Before considering the whimsical elements like ski resorts and lake access, let’s take a moment to touch […]

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Probate an Estate: How Does It Work?

July 5th, 2016

While deciding to probate an estate is the last thing on the mind of someone who just lost a loved one, it nonetheless needs to be done in order to settle the estate and pass on the property and title to deserving beneficiaries. How it works is that someone close to the deceased individual or […]

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Posted in: Estate Planning,

How Does Moving Impact My Estate Plan and Will?

June 7th, 2016

Making a will and estate plan is not something you do every day so usually people make sure that there is nothing that they leave out and no corrections need to be made. Thus, the question arises: does moving from one home to another require you to make changes to your will and other estate […]

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The People Involved In Estate Planning and Their Roles

May 11th, 2016

While you may think that you do not need it, but preparing your will and establishing a legal trust is always a smart thing to do. It’s necessary to look into the process of legalizing your estate planning if you do not want your life’s earnings and estate to crumble afterwards. While estate planning can […]

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The Most Tax-Efficient Way to Take a Distribution from a Retirement Plan

April 12th, 2016

Most of us start investing in a retirement plan when we start working. There is a possibility that you may face unique financial situations after retirement. Being prepared for those scenarios and having an understanding of how to take tax distributions from the retirement plan while enhancing your fortune will work in your favor when […]

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Which Estate Planning Documents Should You Create or Update in 2016?

April 1st, 2016

Just like the rest of the world around us, the law needs to evolve and adapt to the changes 2016 has brought and will continue to bring. Legal requirements and guidelines keep changing from time to time for the greater good of everyone, and this applies to every field, whether it is estate planning documents […]

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Should You Tell Your Adult Children What’s in Your Estate Planning Documents?

February 17th, 2016

Building wealth takes time, a lot of hard work and patience, which is why estate planning is an important stage in any person’s life. Properly planning how your assets will be distributed after your death helps ensure that your legacy will be protected. It is the duty of financial planners to help individuals create an […]

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Estate Planning: A Lasting Gift for That Someone Special

February 11th, 2016

What does Valentine’s Day mean to you? Does it evoke a romantic vision of champagne, red roses, and a moonlit dinner? Why limit your compassion to chocolates and flowers when you can be more creative and unique. The flowers may wither away and die and the fancy chocolates will soon be gobbled up, so gift […]

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Estate Planning for Married Couples

Estate Planning for Married Couples

February 8th, 2016

A life estate plan is an outline of one’s last wishes as well as directions on property distribution, deciding who receives assets after the estate holder’s death. Family estate planning helps in financially securing a family, specifies guardianship of pets and children, and also gives thoughtful instructions in one’s absence. Estate planning documents normally include: […]

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Is Gold Worthy Enough To Mark A Place In Your Portfolio?

February 2nd, 2016

The benefits of investing in gold are often doubted in times of uncertainty in financial markets and weak global economy. The usual portfolio benefits of gold include gold being a safe haven, especially during turbulence, a promising long-term investment and a hedge against inflation. Gold’s Long-Term Performance Investors who believe gold to hold a strong […]

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