For many individuals, managing their financial life involves navigating a maze of overlapping concerns, with taxes often at the center. Have you ever asked your advisor questions such as: “How will selling this investment impact my taxes?” “What’s the best way to structure this gift to my children?” “Should I convert my traditional IRA to…
Details
Building a comprehensive financial plan requires more than just one area of expertise. Whether you’re focused on growing your wealth, managing tax obligations, or reaching long-term financial goals, having a multidisciplinary team of professionals can make all the difference. At Core Wealth Management, we believe in the power of collaboration—which is why our team includes…
Details
U.S. stocks rose 24% in 2024, marking a second straight year of strong gains, fueled by optimism around technological advancements and a more accommodative Federal Reserve. Meanwhile, stocks outside the U.S. delivered more modest returns. This widening performance gap, which has been building for some time, raises important questions about valuations, market dynamics, and the…
Details
With the holiday season upon us, many of us find ourselves seeking the perfect gift for loved ones, choosing thoughtful tokens for colleagues and teachers, and delighting children with the season’s hottest new games and gadgets. Gift-giving is a long-standing tradition, bringing joy to both the giver and the recipient. In some cases, those with…
Details
If you’ve recently lost your spouse and either inherited IRA assets and/or have substantial IRA assets of your own, it may be worth considering a ROTH conversion in the year of their passing to help reduce future taxes. Why the Year of Death Matters In the year of death, you can file as Married Filing…
Details
In the fall of 2022, surging interest rates—driven by the Federal Reserve’s aggressive efforts to combat inflation—caused significant turbulence in both stock and bond markets, leading to declines across many asset classes. However, for savers, this spike in rates offered a silver lining in the form of higher returns on bank deposits, including savings accounts,…
Details
As the U.S. election on November 5th approaches, uncertainty about what lies ahead is on the rise—particularly regarding how global markets might respond. While media coverage will likely emphasize potential volatility, it’s essential for investors to stay grounded and maintain a thoughtful outlook. In efforts to help you maintain perspective during this period, we have…
Details
One of the key investment principles we emphasize at Core Wealth Management is that investing solely in US large company stocks does not provide sufficient diversification. True diversification requires spreading investments across different asset classes that behave differently at various times. This means building a globally diversified portfolio that includes US large company stocks (such…
Details
By strategically managing your tax payments, both in amount and timing, you can significantly enhance your chances of achieving your financial goals. This is why tax planning is such an integral part of financial planning. In this article, we will explore five essential tax concepts that the planners at Core Wealth Management consistently utilize. While…
Details
The excitement of the NCAA basketball tournament, famously known as “March Madness,” is in full swing, and I’ve been eagerly tuning in. This annual event is my must-see sporting occasion of the year, holding my attention regardless of how far my beloved Tar Heels advance. That’s why the article, What I See When I Watch…
Details