David Beck, CFP

12/14/2022

Talking with your adult children about your finances might feel awkward, like you're risking alienating your loved ones. While the discomfort might be real, there are several good reasons to not let it interfere with these discussions.

How To Plan and What To Say

12/12/2022

Life's twists and turns don't stop just because you're retired. A little planning could give you the financial flexibility you need to take on whatever comes your way. https://bit.ly/3hk0uCN

12/09/2022

Baird Director of Tax Planning Tim Steffen is quoted by Financial Planning in their recent article, "Millions of Americans just got a tax ‘cut’. Will it save them money?"

Inflation adjustments to tax brackets mean many Americans will owe less money to the IRS. But persistent inflation may erode the boost.

12/07/2022

Baird's Director of Tax Planning Tim Steffen is quoted by CNBC in their recent article "One simple investing move can set you up for huge returns and minimal tax bill"

Roth conversions may make a lot of sense for investors looking to shield portfolios from big tax bills in the future.

12/06/2022

Don't let this opportunity get away. Tim Steffen, Baird Director of Tax Planning, is quoted by Barron's in their recent article "Roth IRAs: The Best Tax Move You Can Make Right Now"

Markets are down, and tax rates are heading higher. If you haven’t yet converted your traditional IRA to a Roth, what are you waiting for?

12/05/2022

After some rumblings from the IRS that beneficiaries of Stretch IRAs would be forced to take early distributions, they have decided not to move forward on that – for now. Here’s what you need to know.

The IRS Backs Off

12/04/2022

Virtually every interaction – whether online or in real life – involves the exchange of data. The most important thing you can do to keep your personal information secure is to reevaluate your own behavior regarding digital security. Learn more about data privacy and what you can do to stay safe.

Staying Safe in an Online World

12/03/2022

A hearty congratulations to Laura Thurow, Baird’s Executive Director of Wealth Solutions and Operations, and Katie Costigan, Market Director, who were recently honored as ‘Women to Watch Allyship Champions’ by . The Allyship Champion award recognizes women who demonstrate exceptional allyship for women within their workplace, industry, and community. https://bit.ly/3UIYou5

12/02/2022

Tim Steffen, Baird's Director of Tax Planning, was recently quoted in this Barron's article discussing maximizing your wealth over the next decade.

With markets expected to produce lower returns in coming years, it’s crucial that you optimize the tax efficiency of your portfolio and spend wisely.

12/01/2022

“The bottom line is that there is no need to take inherited IRA RMDs for this year if you were following the 10-year rule [and intending to back-load withdrawals]. There is no risk of facing a penalty for missing those RMDs this year.” - Tim Steffen, Baird Director of Tax Planning, provides his insights on the IRS' new RMD guidelines.

While uncertainty remains on future RMDs, the IRS announcement gives advisors and clients more room for planning.

12/01/2022

In the latest Washington Policy Research, Strategas explores the policy implications of the 2022 Midterm Elections.

Congress will likely be closely divided in 2023, increasing the need for compromise to enact policy.

11/28/2022

We're so thankful for the amazing women who helped shape Baird’s history. They have led with passion, vision and wisdom. These traits are shared by women at all levels of the firm. Together we serve the financial needs of an ever-increasing number of women clients whose unique definitions of success and personal visions for the future give us purpose. Today and everyday, we celebrate your stories. https://bit.ly/3OFGkiY