Why Equal Is Not Always Equal After Taxes As we begin the second quarter of 2026, we’ve been spending a great deal of time with clients discussing a concept that is often overlooked in traditional estate planning: taxes. More specifically, how taxes impact what beneficiaries actually receive after inheriting assets. Many estate plans are built around the concept of “equal” distributions. But, as we often explain to clients, equal on paper is not always equal after taxes. A beneficiary...

As 2025 came to a close, it was obvious what would be the focus of the 1st quarter newsletter. It's the question on the mind of every stock market observer. But to answer this question (as best I can), requires a discussion of numerous factors. Whether or not AI stocks are in a bubble matters not just for tech investors, but for anyone with money in diversified stock portfolios. As such, I have dedicated this entire newsletter to this matter, with a few related tangents. The Promise of AI ...

Social Security benefits are one of the most important pieces of the puzzle for financial planning. Not surprisingly, we get asked often...