Amid the flood of fast-changing news about the COVID-19 pandemic, it can be difficult to stay on top of everything that’s being thrown at us. We’re in the middle of not only a health crisis, but financial uncertainty as well. While the medical community continues to fight for […]
The economic fallout from COVID-19 has been swift as many reel from faltering paychecks and falling investments. Add to that an increased concern for health and safety, and it’s easy to see why consumers today are, well, uneasy. All this uncertainty can lead people to commit money blunders […]
Nasty, Brutish and (hopefully) Short By Jeff Korzenik, Chief Investment Strategist for Fifth Third Bank Note: The content in this article is based on Fifth Third’s current assessment of global markets and economic signals. It reflects the same ideas shared in conversations with Fifth Third clients but does not […]
When planning for retirement, you should save as much as possible, and be sure to account for what will likely be the biggest expense of your retirement – health care. The Cost of Health Care in Retirement With health care costs on the rise, you can expect to pay […]
Knowing which estate planning documents you should have drawn up can ease the process of handling your estate. Below we explain what these crucial documents do and offer tips for making them work with your estate plan. 1: Advanced Health Care Directive or a Living Will What It Does: […]
You spent a lifetime building your wealth. You deserve confidence that your financial legacy will pass on to your heirs in accordance with your wishes. Proper estate planning and documentation* are the keys to ensuring assets are distributed as you intend, instead of at the discretion of […]
For family-business owners with retirement on the horizon, the options to consider are countless. An owner could sell the business, but owners with children are likely to consider passing the business to the next generation. There are numerous options in this scenario too, especially when multiple children are […]
Conventional wisdom suggests that entrepreneurs begin with an exit in mind. Whether you recently achieved a long-held vision of selling your company—or exited your business sooner than expected, the months after the deal closes are critical for both your financial and personal future. Navigating an exit can be […]
A survey conducted in 2018 by the National Association of Realtors (NAR) found that 72% of vacation property buyers and 71% of investment property buyers believe that now is a good time to buy. While a vacation home can be a treasured retreat from the demands of […]
If you are like many people today, you conduct a good part of your business and personal life electronically. These activities generate valuable “digital assets” — which you may store online or on a variety of computers and handheld devices. Without addressing these assets in your estate plan, […]
Though the term Artificial Intelligence still has a futuristic ring to it, the truth is this technology—from Google Maps routing to credit card fraud alerts to email spam filters to smart TVs and appliances—is already here, permeating and enhancing a wide swath our everyday experiences. The next stop […]
Life is full of uncertainty. And the more you have to protect — a home, family, business, retirement security — the greater financial risks you face. Having a solid life insurance strategy can help you prepare for the unexpected. Here are five times you should review your […]
Giving to a cause you support can be an enriching experience. However, you can make charitable contributions in a way that benefits the charity and provides you tax benefits. Here’s a brief look at ways you can make the most of your charitable giving. Give Cash Generally, you can […]
Insurance policies, IRAs, and other retirement accounts require you to name beneficiaries to inherit your assets. Understanding the many tax and legal consequences surrounding beneficiary designations is imperative. Keep the following points in mind when choosing your beneficiaries. A Will Does Not Control Your Assets Life insurance, IRA, and […]
Reducing your taxes boils down to three basic principles: reduce taxable income, increase deductions and take advantage of tax credits. You can use several methods to achieve each of these tax-reduction principles. Consult with your financial advisor, and consider using these tax-reduction strategies for the upcoming tax year: 1. […]
Business owners can tend to be financially vulnerable as they age. According to an SBA study, business owners are less likely to establish a diversified retirement portfolio than other people since they tend to reinvest cash into their companies, rather than put it aside for retirement. That’s well […]
You may only think about taxes during the spring, but keeping them in mind throughout the year could be the key to reducing your tax liability. Consider these tax issues when planning investment strategies. Think long-term when investing Profits on investments sold after being held for less than a […]
GSA Business Report serves senior-level decision-makers in the Upstate, encompassing the cities of Greenville, Spartanburg and Anderson and 10 surrounding counties.
