Tax planning is an essential part of personal and business planning. No one wants to pay more taxes than they have to, but navigating the complex tax code can be overwhelming. That’s why having a tax planning philosophy and annual tax due diligence process helps guide decisions, reduce tax liabilities over your lifetime, and provides a second pair of eyes to help ensure your tax plan is being properly implemented. At the heart of our tax planning philosophy is the …
Imparting Values and Creating Generational Wealth through Family Business Running a family business can be challenging, but involving your children in the operation can provide many benefits beyond just practical skills. Children who work alongside their parents and other family members gain practical experience that they can carry with them throughout their lives. In addition to developing a strong work ethic, they have an opportunity to develop emotional intelligence, empathy, communication, and conflict resolution skills. These skills are invaluable not …
At Vance Wealth, we understand that everyone’s financial journey is unique and personal. We believe that you deserve a partner who can transform the complex into simple, providing clarity and a clear understanding of the path to your dreams and those of your family. Planning for retirement is a crucial aspect of personal finance, and we wanted to provide some guidance on one of the most effective tools for retirement savings a 401k plan. A 401k is a retirement savings …
Patti Handy, Wealth Advisor at Vance Wealth, has announced her decision to resign from Vance Wealth in the Spring to pursue her passion for empowering women through financial coaching. Patti has years of experience as a Financial Advisor and a Mortgage Advisor and has witnessed the overwhelming challenges faced by women when it comes to personal finances. With a heart for teaching, Patti is now venturing out on her own, offering an online program, called Minding Her Money, which also …
As a busy business owner, taking care of your health may not always be at the top of your to-do list. However, tracking certain numbers allows you to stay on top of your health and make informed decisions to enhance your overall well-being. Blood pressure – High blood pressure can lead to serious health problems, such as heart disease and stroke. Monitoring your blood pressure may help you catch any potential issues early on. Body mass index (BMI) – BMI …
Does your 401k service model include these essential features? Improve your 401k plan outcomes for sponsors and participants with these five key changes. It’s no surprise that, in the wake of the pandemic and the market volatility that followed, many 401k plan sponsors are recognizing it’s time to reassess the performance of their plans. “Employers are realizing that their current – and often outdated – plans simply aren’t meeting their standards after so many market changes,” explained Jason Lane, …
Part of our vision for Vance Wealth includes positively impacting the community we serve, and with your help, we did just that last quarter. Over the holiday season, our team participated in the Single Mothers Outreach (SMO) Adopt-a-Family program, which helps provide hard-working single parents a way to make a warm and wonderful holiday memory with their children. To support this incredible program, our team volunteered to shop and wrap the Christmas gifts, matching up to $1,000, and with your …
Exciting improvements are ahead for Vance Wealth this year, and one of the opportunities we’re most excited to announce is Simplify365 – a new business offering designed to help business owners simplify their planning approach to life and business. This new program is designed to help busy entrepreneurs carve out the time they need to focus on what matters most, while simultaneously taking advantage of specific tax-saving opportunities. By implementing a few critical strategies, business owners can adopt a more …
To Our Vance Wealth Friends and Family, I always enjoy this part of the year because it’s a time of transition. As we move forward with excitement and optimism for what’s next, I also find it helpful to reflect back on what brought us here. Professionally, I’m filled with as much excitement for the move to Fidelity as I am filled with gratitude for the relationships and support, I’ve experienced from Raymond James for nearly 20 years. When I …
Tasked with staying up to date on current best practices in portfolio management, Investment Associate Anthony Goring researches and communicates timely market information that assists Wealth Advisors in making successful investment decisions. “Portfolio management and financial analysis are the backbone of my role as an analyst,” Anthony explained, “and I really enjoy providing our advisors with any supplemental knowledge they might need regarding the management of our clients’ portfolios.” Originally from the San Fernando and Simi Valley, Anthony attended Royal …
