October 2014

28 Oct

Thank You!

Thank you! Thanks for downloading NAPFA's Financial Advisor Comparison Tool. After reading the comparison tool, you may have questions about choosing a financial advisor. Parkshore Wealth Management can help you get the answers you need. As independent, fee-only financial advisors, we can work with...

23 Oct

Fall Financial Reminders

The year is coming to a close. Have you thought about these financial ideas yet?

As every calendar year ends, the window slowly closes on a set of financial opportunities. Here are several you might want to explore before 2015 arrives.

Don't forget that IRA RMD. If you own one or more traditional IRAs, you have to take your annual required minimum distribution (RMD) from one or more of those IRAs by December 31. If you are being asked to take your very first RMD, you actually have until April 15, 2015, to take it—but your 2015 income taxes may be substantially greater as a result. (Note: Original owners of Roth IRAs never have to take RMDs from those accounts.)1

23 Oct

Avoiding Family Squabbles Over Your Estate

What steps may help assets transfer without a fight?

Should you rely on "will power" to bequeath assets? The more complex your estate, the more ill-advised that choice becomes. Having only a will in place when you die may not be enough. As MarketWatch noted recently, research from the Williams Group (a major estate planning firm) indicates that estate fights reduce inherited wealth for as many of 70% of families.1