Private Wealth Management Insights

Greenspring Advisors Financial Planning Insights

Should We Get Married? An LGBTQ+ Couple’s Comprehensive Guide to Tax Planning

While filing jointly can bring significant financial advantages, it's a path that demands careful navigation. This post pulls back the curtain on the key tax benefits, potential pitfalls, and strategies LGBTQ+ couples should understand. From maximizing credits to mitigating marriage penalties, informed decision-making is the key to optimizing your financial future as a couple considering marriage.
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Greenspring Advisors Financial Planning Insights

Should We Get Married? An LGBTQ+ Couple’s Comprehensive Guide to Estate Planning

Twenty years ago, America’s first state-sanctioned same-sex marriage took place in Massachusetts. New research from the Rand organization suggests that the legalization of same-sex marriage has been broadly positive for gay and straight Americans alike. In fact, in states that legalized same-sex marriage, LGBTQ+ people showed higher levels of health insurance coverage, higher earnings, and greater rates of home ownership (WSJ). However, issues persist. There are still many situations, like adoption, second-parent adoption, and recognition of non-married partners, that require careful consideration and urgent attention. So, whether LGBTQ+ or not, married or not, it is imperative you prioritize your tax and estate planning so your wishes are met and executed.
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Family at a cookout
Greenspring Advisors Financial Planning Insights

Put Your Financial House in Order

Our money and financial life can become an unintended scavenger hunt with none of the fun prizes at the end. Performing a simple inventory of your money-life can provide a sense of clarity and peace of mind for yourself and the people who depend on you.
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Multigenerational Family
Greenspring Advisors Financial Planning Insights

A Busy Professional’s Guide to Financially Preparing to Care for Aging Parents

As our parents age, the responsibility of providing care often falls on the shoulders of their children. Caring for aging parents requires emotional support and careful financial planning. This can be challenging for those in the “sandwich” generation who are balancing caring for both their children and their parents, all while working.
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Greenspring Advisors Investment Planning Insights

Debunking the Myth: Why an Inverted Yield Curve Doesn’t Always Spell Recession

In the world of finance, few indicators strike fear into the hearts of investors quite like the dreaded inverted yield curve. It's often hailed as an ominous harbinger of economic downturns, sending shockwaves through markets and sparking widespread concern. But does an inverted yield curve truly signify an impending recession every time? Let's delve into this financial phenomenon and separate fact from fiction.
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Greenspring Advisors Financial Planning Insights

Beyoncé, Blue Ivy, and the Investment Account Hiding in Plain Sight

Blue Ivy's income from her lifelong fame is turning into 6.4 million tax-free dollars. Here’s how she’s doing it, and how you can do it for your children too.
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Greenspring Advisors Investment Planning Insights

Beyond the Headlines: Lessons from the Magnificent 7

Throughout history, there always seems to be a new grouping of stocks receiving a fancy name after performing well. When hearing headlines about stocks like this, a common question that arises is: why not just buy those select stocks? Here at Greenspring, we believe in utilizing pooled investment vehicles like mutual funds or ETFs, where you still get exposure to popular stocks but are much more diversified and face less risk.
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Greenspring Advisors Investment Planning Insights

Fleeting Fad or Future Fortune – The New Bitcoin ETFs are Here

While Greenspring likes some alternative assets and has included them in our client portfolios over the years, we do not think Bitcoin merits a dedicated portion of an investment portfolio. Bitcoin is almost pure speculation with little intrinsic value.  Unlike stocks and bonds, there are no profits, dividends or interest, and the price is based only on what a buyer is willing to pay.
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Tax Drag: Picking Up Nickles

“Picking up nickels in front of a steamroller” is an old saying in the investment world to describe a strategy that has small, positive, and fairly regular returns, with the occasional huge risk that can wipe you out. Tax planning around your investments gets half of the saying right, in that tax planning is like picking up nickels, which can generate small, positive, and fairly regular returns – if you do it right.
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