On Course ARTICLES
Richard P. Slaughter Associates is proud to introduce On Course — a self-published, magazine-style exposition that allows us to share our thoughts and expertise precisely how and when our clients will appreciate it most. Please enjoy for yourself, share with friends, and let us know how we can make it better for you.
Understanding Election Cycles and Their Impact on Wealth and Markets
Election cycles in the U.S. are not only pivotal moments in our nation’s political history, but they can also have an impact on financial markets and the wealth of citizens. This issue of On Course looks at the various economic impacts of election cycles, the ways in which party policies play a role, and best practices for navigating these waters.
Wealth Management and Asset Management
Wealth management is a holistic approach to financial planning that aims to help individuals and families achieve their financial goals and secure their financial future. With this multifaceted strategy, asset management plays a pivotal role. Read on to learn the key functions, benefits, and considerations of asset management in a sound financial strategy.
Ensuring Wealth Lasts for Generations
Many people wish to pass on the wealth they’ve built to future generations to continue their financial legacy. This can be more challenging than it sounds, but a wealth manager can help guide you past the pitfalls that prevent some families from securing wealth beyond a few generations.
Business Transition: Reasons to Plan Ahead
Successful business owners are adept at running and growing their businesses, yet many don’t stop to think about what comes after. While an unexpected exit is possible, for most it’s a thought-out process, and there is immense value in having a purposeful exit planned.
Tax Loss Harvesting: Don’t Let a Loss Go to Waste
Most people are familiar with traditional means of mitigating tax such as contributions to Roth and traditional IRAs. One underutilized strategy is intentional tax loss harvesting, which refers to realizing a loss on an individual investment and turning it into an asset. Keep reading to learn more about this strategy.
Defining Financial Success
While many people have an idea of what financial success looks like, they often fail to define what it means to them as individuals. To create this benchmark, you must first define what financial success means to you, then engage your wealth management team to be your partner in achieving your goals. Here’s how to start that process.