by Springwater Wealth | Jun 17, 2024 | Divorce Financial Planning, Estate Planning, Financial Planning, Retirement Concerns, Wealth Management
What is the Survivor Penalty? The Survivor Penalty refers to the increased tax burden and potential reduction in benefits that occur when a married person becomes widowed. This life change often leads to higher taxes and reduced income for the surviving spouse. Why...
by Springwater Wealth | Apr 16, 2024 | Estate Planning, Financial Planning, Taxes, Wealth Management
If you are charitably inclined, you should consider making your gifts to your favorite charities through a Donor Advised Fund (or “DAF”). What is a Donor Advised Fund (or “DAF”)? A Donor Advised Fund (or “DAF”) is a philanthropic giving vehicle that allows donors to...
by Springwater Wealth | Nov 8, 2021 | Estate Planning, Financial Planning, Taxes, Wealth Management
Erika seems to be slowly recovering from the recent loss of her husband of 43 years to the coronavirus. While John was 74 years old, he had no underlying health conditions. In fact, he was remarkably fit and took very good care of himself. They are still not sure how...
by Springwater Wealth | May 21, 2021 | Estate Planning, Financial Planning, Retirement Concerns, Wealth Management
Any experienced mountaineer will tell you that the most dangerous part of a climb is the descent. More serious accidents and fatalities happen when climbers are descending than when they are climbing upward. There are lots of reasons for this. Climbing can be very...
by Springwater Wealth | Mar 15, 2021 | Estate Planning, Wealth Management
John recently helped his father, Jeff, transition into a memory care facility. It wasn’t supposed to go this way. John’s father is 83 years old. He lived a pretty clean life – he ate reasonably well, didn’t drink or smoke, and was fairly active physically. And...
by Springwater Wealth | Feb 2, 2021 | Estate Planning, Financial Planning, Investment Management, Retirement Plans, Wealth Management
We’re continuing our overview of the 10 financial mistakes made by young professionals. 6 | No Life Insurance Why would a young professional need life insurance? Let’s first define what life insurance is. It’s a contract between you and a life insurance company, in...
