Blog

Three Reasons to Keep Your Personal and Business Finances Separate

May 24, 2021

If you are launching a new venture, you may wonder whether it’s necessary to open a dedicated bank account for your business. Even if your company is established and already has separate checking and credit-card accounts, you may be tempted to pay business expenses from personal accounts on occasion — or vice versa — particularly…

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Considerations When Making Gifts to Children

May 24, 2021

If you make significant gifts to your children or someone else’s children (perhaps a grandchild, a nephew, or a niece), or if someone else makes gifts to your children, there are a number of things to consider. Nontaxable Gift Transfers There are a variety of ways to make transfers to children that are not treated…

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Decisions, Decisions: Weighing the Pros and Cons of an IRA Rollover

May 24, 2021

If you lose a job, switch employers, or step into retirement, you might consider rolling your retirement plan savings into an IRA. But this isn’t your only option; it could make more sense to keep the money in your previous employer’s plan or move it to your new employer’s plan (if allowed by the plan)….

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Symphony Financial Planning Partners with Healthy Davis Together

May 12, 2021

Davis financial planning firm joins the effort to facilitate a safe reopening of the community. DAVIS, California—May 13, 2021—Symphony Financial Planning announced today that it has partnered with Healthy Davis Together to help ensure the safety of team members, clients, and the community upon returning to the office. Healthy Davis Together (HDT) is a joint…

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Symphony Financial Planning Adds Three Team Members

April 29, 2021

Davis RIA hires trio amid preparations for holding in-person meetings once again. DAVIS, California—April 29, 2021—Symphony Financial Planning, a fee-only Registered Investment Advisor in Davis, today announced that it has welcomed three new team members into the fold: Matthew DeTorres as Operations Manager, Mike Paulson as Technology and Trading Manager, and Valaree Nash as Administrative…

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How Well Do You Understand Retirement Plan Rules?

April 27, 2021

Qualified retirement plans, such as IRAs and 401(k)s, have many rules, and some of them can be quite complicated. Take the following quiz to see how well you understand some of the finer points. You can make an unlimited number of retirement plan rollovers per year. A. True B. False C. It depends If you…

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Growing Interest in Socially Responsible Investing

April 27, 2021

U.S. assets invested in socially responsible strategies topped $17.1 trillion at the start of 2020, up 42% from two years earlier. Sustainable, responsible, and impact (SRI) investments now account for nearly one-third of all professionally managed U.S. assets.1 This upward trend suggests that many people want their investment dollars to pursue a financial return and make…

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Home-Sweet-Home Equity

April 27, 2021

Buying a home is a long-term commitment, so it’s not surprising that older Americans are much more likely than younger people to own their homes “free and clear” (see chart). If you have paid off your mortgage or anticipate doing so by the time you retire, congratulations! Owning your home outright can help provide financial flexibility and…

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Is Your Home Office Also a Tax Shelter?

March 25, 2021
Business team in video conference

The pandemic ushered in the age of video meetings, providing a glimpse into many kinds of home workspaces. For many workers, a dedicated home office became more important than ever in 2020, though not everyone will get a tax break for having one. A Perk for Business Owners Only self-employed workers, independent contractors, and partners…

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Real Estate for Income and Diversification

March 25, 2021
REIT as Real Estate Investment Trust.

An estimated 145 million Americans own real estate investment trusts (REITs) in their retirement accounts and other investment funds.1 The primary appeal of REITs is the potential for a consistent income stream and greater portfolio diversification. Of course, like all investments, REITs also have risks and downsides. Pooled Property Investments An equity REIT — the…

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