With conventional mortgage rates still elevated compared to the near-zero levels of a few years ago, combined with the sharp increase in home prices, affording a home has become increasingly challenging. Loans among family members, "intrafamily loans," remain a popular way to help family members finance the purchase of a home on better terms, and to keep interest payments circulating within the family instead of going to a bank.
Losing a loved one is never easy, and inheriting an IRA often adds another layer of complexity during an already difficult time. The financial decisions surrounding an inherited IRA are frequently time-sensitive and can have significant long-term tax implications. While it may seem like a windfall, you need to factor in the tax implications.
So far this year we have seen strong equity market performance against a backdrop of uncertainty relating to the Iran war. Oil flows out of the Gulf dramatically slowed creating energy price shocks and inflation. Despite the headwinds, markets have been resilient and hit new all-time highs in many equity indices.
Every summer, as the pace of life slows just a little and the days grow longer, we look forward to sharing one of our favorite traditions, our curated Sandy Cove Advisors’ Summer Reading List.
Starting July 5, 2026 family, friends, charities and employers may contribute up to $5,000 to each Trump account each year until the child turns 18. A Trump Account can be opened for any U.S. citizens child under the age of 18 who has a valid social security number with a legal guardian, parent, adult sibling, or grandparent (in that order) establishing the account.
Divorce is one of the most financially consequential events a person can face. Decisions made under significant emotional stress, often in a compressed timeframe, can shape your financial security for decades. This guide walks through the five areas where preparation and clear thinking matter most.
The first quarter was mostly defined by the month-long invasion of Iran by the U.S. after failed diplomatic talks. Volatility reigned supreme. Oil prices rose sharply as Iran closed the Strait of Hormuz to tanker traffic thereby creating a supply chokehold.
You cannot turn on a financial news channel or attend a conference these days without hearing about Artificial Intelligence (AI). Whether you are already using it or simply curious about what it means for your daily life and finances, this guide will help you understand the opportunity and how to approach it thoughtfully.
Happy New Year to you all. This is our second year combining our two lengthy pieces into one concise report covering both the investment year in review and discussing our outlook for the year to come.
Starting in 2026, high earners age 50 and older must make catch-up contributions to an employer plan (401k, 403b, 457(b), etc.) as Roth contributions (after-tax contributions). High earners are defined as participants who earn in excess of $150,000 in FICA wages (indexed annually) the previous year, starting with 2025 wages.
One Big Beautiful Bill Act Notable Tax Changes On July 4, 2025, President Donald Trump signed into law the One Big Beautiful Bill Act. The OBBBA makes permanent many provisions of the Tax Cuts and Jobs Act of 2027 (TCJA) that were set to expire come January 1, 2026. Now that we are in 2026, we wanted to summarize below the notable provisions affecting the taxation of individuals.
2026 Important Numbers
If you use your cell phone regularly, chances are you’ve received a text from an unknown number. Unfortunately, fraudulent text messages or “smishing” scams are becoming increasingly common.