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Thimble Island Private Wealth Named to List of Nation’s Top DC Advisor TeamsThimble Island Private Wealth Named As One of Nation’s Top DC Advisor TeamsARLINGTON, Va.— Thimble Island Private Wealth has been named to the prestigious...

Choosing and regularly reviewing your beneficiaries and asset distribution plan is critical for ensuring everything goes according to your wishes. This includes structuring your plan around cost-effective measures such as tax benefits...

Cybercriminals may be more dangerous to small businesses than to large corporations. Small businesses are ideal targets for hackers because these businesses often lack a strong cybersecurity policy. Here are a few ways a small business...

Protecting your finances is always important. But as you approach retirement, with less time to bounce back from any missteps, it becomes even more critical to avoid fraud, identity theft, and other threats. Below, we discuss a few...

Technology continues to grow and evolve, allowing us to stay connected and perform many daily tasks from home. There is a drawback to technology, however. It often leaves us more vulnerable to scammers who hide behind the anonymity...

As we approach tax day, you may be expecting to receive a tax refund. While you may have a temptation to spend your tax return, other options may be more beneficial to your financial situation. Your tax refund is for overpayment of...

Creating a well-structured and comprehensive estate plan is critical to ensuring your assets are distributed according to your wishes and that as much of those hard-earned assets go to your intended beneficiaries, and not lost to the...

Tax planning might be complex, but it's also essential—especially for wealthy families, where missing tax breaks or failing to optimize income could cost significant dollars, maybe millions, over a lifetime. And even in the short term,...

The federal income tax filing deadline isn’t until April. However, the start of tax season is nearly upon us. Here are some tips for navigating the tax filing process to help lessen some of the stress you may feel as Tax Day arrives.·...

Capital gains taxes is a hot topic for anyone who is involved in investing and even for people who aren’t as it could potentially impact various aspects of day-to-day life, such as the jobs market. Generally, an investor will buy an...

Do you want to get on top of your finances this year? Are you looking for ways to improve your fiscal health? Change may be difficult, especially when you try to change your financial habits. The process might be easier if you take an...

Financial wellness is a state of being when one is in control of their finances, can cover expenses, and save for future goals. Consider financial wellness as your relationship with money; it can be either healthy or unhealthy....

Ringing in the New Year in Your Golden Years

Logan J. Reed, CFP®, CEPA®, CIMA®, CLU®, AIF®

Tuesday, December 16, 2025

Whether you are just entering your golden years or are already several years in, setting goals to stay on track and maintain your health, happiness, and finances is essential. So why not use the New Year's holiday to turn these goals...

Year-end Tax Planning for High-Net-Worth Individuals

Logan J. Reed, CFP®, CEPA®, CIMA®, CLU®, AIF®

Friday, December 5, 2025

As the year’s end approaches, High-Net-Worth Individuals (HNWIs) must prepare for one of the most critical monetary tasks: year-end tax planning. Due to the nature of their holdings and dynamic financial situation, HNWIs often grapple...

Did you know that you can gift a new or existing life insurance policy to your favorite charity? When properly designed, a charitable life insurance program may improve your overall financial situation and offer tax benefits, all while...

A qualified charitable distribution, or QCD, allows you to distribute funds from your Individual Retirement Account (IRA) to an eligible charity (a 501(c)(3) organization) as long as you’re 70 1/2 years of age or older. Since the gift...

As the year draws to a close, it's an ideal time for business owners to evaluate their company’s financial health. Year-end planning is critical and can help establish a confident foundation for the future. However, for many business...

Americans are very generous. According to Fidelity, Americans give over $400 billion to charities each year, most of which come from individual donors. Over the years, despite periods of economic downturn, giving has grown above the...

If you are lucky enough to retire early before you become eligible for Medicare at age 65, you may have to contend with an expense you haven’t had to worry about while employed—the cost of health insurance. Health insurance isn’t cheap...

Many dream of working toward early retirement, but getting there generally doesn’t happen by accident. Retiring early requires financial independence that can last for decades, but that is much easier said than done. To get there...

As an affluent family, planning for your children's education is likely a top priority. You want to ensure that they have access to the best education possible without worrying about the high cost of tuition; this is where 529 plans...

It is estimated that about one-third of parents who are saving for their children’s college are concerned about how to pay for this education, and business owners are no exception.[i] You may worry about being able to manage college...

Generational wealth involves proactive financial planning, especially when parents or grandparents pass on their wealth to loved ones after they die. Entrusting family members with receiving an inheritance is more than just getting a...

On July 4th, President Trump signed the “One Big Beautiful Bill Act,” which includes a broad range of tax reform provisions. The provisions listed in the bill may help offer the middle- and working-class Americans much-needed tax...

Accredited investors are individuals characterized by their high net worth or substantial income. Being an accredited investor provides special access to various investment opportunities otherwise inaccessible to the general public....

When was the last time you took steps to optimize your 401k? If it has been a while, you are not alone. Research indicates that only one in three Americans utilize employer-sponsored 401k retirement accounts; even those contributing...

The budget reconciliation bill passed the House on July 3 by two votes, and it packs a wide range of tax changes. While many of the headlines focus on large-scale social and economic impact, we aren’t going to weigh in on that but...

In today's economic environment, where market volatility and inflation are often unpredictable and inevitable, investing can sometimes feel like a rollercoaster. However, investing during these periods doesn't have to be a...

Matching your tolerance for risk with your investment objectivesEveryone wants a comfortable retirement, but the road you take there will depend on your specific situation. When you invest, you assume a certain level of risk (but like...

A crucial aspect of planning involves understanding how much money you should aim to have in your 401(k) now, based on your age, as you save for retirement. Knowing this amount and devising a plan to work toward this balance goal is...

Understanding the anticipated changes in tax laws and regulations in 2025 will become increasingly crucial. One area that requires attention is the estate tax sunset at the end of 2025. The estate tax, also known as the inheritance,...

Pension plans are still offered at many types of employers today. A pension plan is an employer-sponsored retirement savings plan the employer contributes toward to fund their employees' future retirement. There are two types of...

Police officers have one of the most stressful—and dangerous—jobs in the United States. As a result, they also have different retirement benefits that may allow full retirement after only a couple of decades of active duty.1 For some...

Should you be concerned about the state of Social Security? The answer, while multifaceted, tends to lean toward the affirmative.

Retirement savings accounts--401(k)s, traditional IRAs, and Roth IRAs--are widely recognized as crucial components of retirement planning. Just as important as investing in these accounts is a plan to withdrawal these funds efficiently.

Taking money early from your 401k could lead to stiff penalties, and to running out of money during retirement. Still, if you're facing a financial hardship, borrowing or withdrawing money from your 401(k) may be your only option.

Markets have continued to move sharply in response to newly announced tariffs and growing concerns over global trade. Friday’s steep sell off extended into Monday, with volatility remaining elevated across sectors and asset classes. 

Strategic tax planning is integral to HNWI's wealth, allowing you to manage your tax liability as you work toward your financial goals. While everyone's situation is unique, here are some essential strategic tax insights for HNWIs.

Monthly updates on the investment markets and domestic and global economies from Thimble Island Private Wealth and LPL Research.

The new month brings two major market-moving stories to digest. First is the advances in artificial intelligence (AI) by Chinese startup DeepSeek. It has caused some investors to question America’s lead in the AI race and American...

The Social Security Fairness Act, HR 82 is a bill that was recently signed into law that repeals several decades-old provisions and aims to increase Social Security payments for nearly 3 million former and current public employees...

Feeling anxious about FAFSA processing delays? Don't worry, you're not alone. Many students and families face similar challenges each year. This guide will help you stay informed, organized, and prepared.

October is National Financial Planning Month. Here are several considerations as to why a financial planner might be of value in assisting you with steering your business toward long-term effectiveness.

Staying fit and healthy as we grow older is not just about physical exercise, though that plays a crucial role. Sleep, social connections and a focus on mental well-being are also crucial. Your financial planner can help!

Starting your life together as a newlywed couple comes with many new responsibilities and opportunities. Here are some essential financial planning tips to help you navigate this exciting chapter. New Haven, CT Financial Advisors

For "Sandwich Generation" - adults who are financially burdened by supporting both their aging parents and their children (or even grandchildren) - it's important to start planning for retirement early.

A 401(k) allows employees to save and invest part of their paycheck before taxes, a significant incentive for long-term wealth creation. Here we explore some strategic 401(k) moves that can help manage your wealth.

Offering a retirement plan can help your business attract and retain employees while making it easier for you to save for your own retirement. Here are some of the options available to business owners. Thimble Island Private Wealth

Even parents who've saved for years may have trouble covering all college expenses by the time their kids are off to university. So where can you look to find extra funds to pay for those uncovered expenses? Here are a few tips.

Teaching Your Kids How to Avoid Learning Financial Responsibility the Hard Way Who doesn’t remember their first job, receiving your first paycheck, and even applying for and using a credit card for the first time? Access to money...

A regular program of disciplined financial practices can help you in the long-run Many people realize that the best way to stay in shape is to develop an appropriate fitness regimen and then stick with it. If you start a fitness...

A Beneficiary’s Guide to Handling an Inheritance Inheriting comes with many emotions, from sadness to confusion to perhaps even joy or relief. An inheritance can take various forms, such as cash, properties, stocks, bonds, property, or...

A Guide for High-Net-Worth Individuals in the Sandwich Generation Wealth and estate planning are vital for all individuals but are particularly essential for high-net-worth (HNW) individuals in the sandwich generation. "Sandwich...

Financial wellness is a term that refers to the overall health and well-being of an individual's finances. In order to work toward financial wellness, it is essential to understand and manage the five key elements of personal finance.

Getting an insurance policy can be a smart decision for protecting your financial assets. However, too often consumers make the mistake of buying either too much or too little insurance for their needs. Avoid making these four common...

A traditional IRA offers a great way to shield income from taxation while boosting your retirement accounts. Meanwhile, a Roth IRA can let you pay tomorrow's taxes today. But how can workers who are eligible to contribute to either...

Cyber scams and other cybercrimes have proven to be an escalating problem that requires people to be especially vigilant when using electronic devices.

Whether it’s along a roaring coastline or nestled next to a lethargic lake, owning waterfront property is a luxury many homebuyers dream of. However, it isn’t as simple as finding a home and moving in. Homeownership requires...

The uncertainties of life are wide-ranging, and many of them can threaten the financial security of you and your family. Insurance exists to help protect you from these forms of wealth destruction.

At age 50, workers in certain qualified retirement plans are able to begin making annual catch-up contributions in addition to their normal contributions. Those who participate in 401(k), 403(b), and 457 plans can add $7500 in 2024.

Retirement can have many meanings. For some, it will be a time to travel and spend time with family members. For others, it will be a time to start a new business or begin a charitable endeavor.

Retirement is a significant transition, and it can bring both challenges and opportunities for women who have spent many years focused on their careers.

Social Security is a critical component of the retirement strategy for many Americans, so before you begin taking it, you should consider 3 important questions. When to Start? Should I Continue to Work? How Can I Maximize My Benefit?

Many Americans are making financial decisions with minimal financial knowledge of investing, budgeting, and credit.