CONVERGENCE RESOURCES

Lifestyle creep—also called lifestyle inflation—is when your spending goes up as your income does. It’s super common and often sneaky.

Without proper planning, more money than necessary could go to taxes instead of your loved ones. Understanding the rules on the annual gift tax exclusion and the lifetime gift and estate tax exemption limits are key.

High earners have likely been told to use catch-up contributions in retirement saving, but have you ever wondered what the true potential benefits are? Before we get into the benefits, with hypothetical scenarios included, there are two upcoming changes you need to make yourself aware of.

You don’t need to actually spread these out over 12 days, but they are some good things to ask yourself or your financial advisor as the year winds down! Included are general answers that you can apply to your own personalized financial situation.

Can you escape your money nightmares by making it through the Haunted House of Financial Horrors? Before you test it yourself, let’s follow Daniel as he goes through each room. Will he leave with his financial freedom in tow, or will he be stuck in a “Nightmare Before Retirement” forever?

National 401(k) Day is recongized on the Friday after Labor Day. To celebrate, here are 11 facts that you might not know about 401(k)s.

Everyone has a different risk tolerance they’re comfortable with when it comes to investing. Yours likely doesn’t exactly match your partner’s. What do you do when your investment views don’t align? Here are 6 steps you can take.

Many workers fail to ask the right questions to fully understand their retirement plan options. Don’t let this be you. Compiled here are 5 questions to ask.

Included are three advanced ways business owners can improve their financial literacy. Ways to understand and track your business’s key financial ratios, how to understand the financial options availabile, and steps to mitgate buisness risk are expanded upon.

Taxes on investments can be complicated to understand. Whether you do your taxes yourself or with a CPA, it’s important to know what to expect.

Are you doing the most to maximize your IRA contribution return? Depending on when you make your contributions, you might be missing out on greater earnings!

Behavioral biases in finance can be detrimental to your goals. Being able to recognize, and avoid, these common pitfalls can save you time, money, and unnecessary stress.

Do you know how much it’ll take before you can retire? In this blog, we walk through various topics to consider and how to estimate what level of savings to have before retiring. 

When investors own a lot of one stock, it can cause complications in both performance and taxes. In this blog, we’ll discuss ways to protect your portfolio and strategically diversify your positions.

The collapse of both Enron and WorldCom in the early 2000s caused estimated losses of $1.5 trillion in the retirement accounts of both companies’ workers.

In this blog we’ll share historical market data on past drawdowns and volatility, address recession concerns and statistics, and discuss the attitudes to help avoid mistakes during periods of uncertainty.

We took a look at the annualized returns of the S&P 500 over periods of five years and made comparisons to significant events and other statistics.

Here, in the final part of this series, we’ll
describe the guiding principles investors can use to optimize their portfolio’s tax situation by pairing investment types and account types to complement each other, much like a perfect steak and delicious cabernet sauvignon.

This blog is the first of a three-part series addressing tax considerations within a portfolio, starting with the concept of capital gains on investments. 

There is no shortage of opinions on account options for your investments, and there are many things to
take into consideration when deciding which type of account is right for you.

See here for our commonly-referenced economic indicators included in the Convergence Market Commentary.