What keeps you up at night?

Whether it’s been the World Series, election coverage or late night storm alerts, there has been plenty to keep us awake at night during the past few weeks. But just like a clap of thunder that keeps you from slumber, maybe you’ve had a worry about your financial life that has kept you awake.

Perhaps your concerned about the cost of health insurance in 2017. If you had an ACA policy with Blue Cross Blue Shield in TN, you’ve been shopping for other options. Perhaps even eyeing paying the penalty rather than a steep premium.

You could be in the midst of dealing with the loss of a loved one and having deal with probating assets, finding legal documents and paying bills. You might be confused on how and when to begin taking your Social Security benefits. Seminars and web searches can make the matter even more confusing. With the holidays upon us, you may be longing to stop the spending frenzy and make a commitment to get out of debt and allow you to retire sooner rather than later.

Maybe you need encouragement and validation of your decision to retire in 2017, but some uncertainty prevents you from making that decision. You may be worried about your grown children and their inability to act responsibly with their finances. Or maybe you don’t know where to begin. You’ve accumulated assets for the past 25 years, but don’t know what you have, what you spend or what to do. You want to be charitable to your church, but didn’t realize that you could give your RMD from your IRA as a gift.

These are all real problems that we’ve helped our clients solve in the past month. Our role as a wealth management firm is to assist our clients at all times, in all matters. That encompasses all aspects of your financial life, not just the management of your assets or the filing of your taxes. We can work with any investor regardless of the number of assets you have.

The questions that keep you up at night may differ with the seasons, but who you seek counsel to answer them should not. Don’t spend time worrying when you should be living.

Our phone lines are open. Just give us a call.

Where does the year go?

With the Thanksgiving holiday upon us, 2015 is quickly coming to an end. What an exciting year it has been for me with joining the LeConte Wealth Management team and transitioning my accounting practice. With our hectic lives, we have many important responsibilities that can get forgotten until they become an emergency.

With 2015 wrapping up, what should be taken care of before year-end? There are numerous options to save taxes depending on your situation, but some major things to consider will be:


Harvest Losses-

If you’ve recognized some capital gains throughout the year, offset those by selling some of your loss positions. If you really like those stocks for the long-term, you can repurchase after 30 days without worry of wash-sale rules.


Pay 0% Tax on Gains-

If you are in the 10% or 15% tax-bracket, the long-term capital gains rate is 0%. This could have other impacts, so we need to discuss the overall impact on things like Social Security.


Defer Taxes & Save for Retirement -

If you are eligible for a 401(k) or other retirement plan, contributing to these accounts will save taxes this year and get you that much closer to financial independence down the road.


Find a Worthy Charity –

If you have appreciated stocks, a great option is to give it to your favorite charity. You can get a charitable deduction for the full fair market value and avoid having to pay taxes on the appreciation.


Take Distributions-

Several accounts have yearly requirements for distributions or spending. If you are 70 ½ or older, you likely have Required Minimum Distributions that need to be taken from your retirement accounts. For those younger, you may have deferred money into a Flexible Spending Account that needs to be spent before you lose it.

Have you taken care of everything you need to for 2015?  If you are unsure, we need to get together and review your situation before it becomes a financial crisis.

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