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Private Client Services

Private Foundations vs. DAFs: Pros and Cons

As we approach year-end, it is a good time to start thinking about charitable giving. Private foundations and donor-advised funds (DAFs) are two popular options to consider. Here are the pros, cons and tax impacts of each method. 

by Margaret Amsden

2022 Guide to Roth IRA and Roth 401(k) Conversions

Doing a Roth conversion without understanding all the nuances and implications can be a recipe for disaster. Roth IRAs hit their quarter-century birthday this year and its much lesser-known brother—the Roth 401(k)— just turned a sweet 16. Using these powerful investment tools, we pay taxes on our contributions now in exchange for vast tax savings in the future.

by Margaret Amsden

Estate Planning for Entrepreneurs

Whether you’re still growing your business or have already sold it to enjoy the fruits of your former labor, it’s easy to focus solely on your day-to-day life without thinking much about the future. It’s important to step back and plan for your ultimate wealth distribution by putting together an estate plan.

by Margaret Amsden

Do You Have a Personal Balance Sheet?

A personal balance sheet provides an overall snapshot of your wealth at a specific period in time. If you are a business owner, a balance sheet can help you manage your business by identifying concentrations of certain assets, and when you might have too much of one thing or not enough of another to run your business.

by Margaret Amsden

Buy-Sell Agreements Pave the Way for Your Future

Having a properly structured buy-sell agreement in place is a best practice for long-term business success. Also known as a buyout agreement, the right buy-sell plan provides vital financial protection for shareholders or partners and their families. It also helps to ensure the continuity of the business for employees and customers.

by Margaret Amsden

Do You Know What You’re Worth?

Knowing your net worth can help you evaluate your financial health and plan for the future. From defining net worth to understanding what assets and liabilities are, here are some basic considerations to help you get started.

by Margaret Amsden

The Sound of Automation Podcast

Industrial automation businesses are the driving force behind Industry 4.0, and Clayton & McKervey is here to help.

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