Is Your Financial Plan Ready for Higher Taxes?

You can feel it in the air — tax increases are coming. And it’s not a matter of if, but a matter of when. In the last few months, there have been a number of legislative proposals targeted toward high-net worth and ultra-high-net-worth taxpayers, ranging from Sen. Bernie Sanders’s “For the 99.5% Act,” Sen. Elizabeth Warren’s “Ultra-Millionaire Tax Act” and Sen. Chris Van Hollen’s “Sensible Taxation and Equity Promotion Act.”

While each proposal focuses on a different wealth segment and type of tax, the common theme and sentiment is that higher taxes might

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What ‘Non-Financial Assets’ Should Be Included in Your Estate Plan?

Most estate planning attorneys do a fantastic job helping their clients set up the proper legal structures to transfer financial assets, but they often don’t consider the intangibles. That’s where legacy planning comes in. Legacy planning goes beyond your financial assets and considers your impact on your family and the world.

7 Components of a Non-Financial Legacy

Consider including these intangible components in your estate planning process:

1. Beliefs, Values and Vision

The first step is identifying what you believe in. I recommend writing a Personal Legacy Statement to serve as a compass to living in a way that creates

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Yearn Finance Earns $5M in Q1, Besting Total 2020 Profit

Yearn Finance, the robo adviser for yield of decentralized finance (DeFi), made almost $5 million in the first quarter, 30% more than it earned for all of 2020. 

The project’s second quarterly report since its inception in mid-2020 showed profits were heavily skewed toward the end of the period. 

Yearn has become one of the leading places for DeFi users seeking passive yields to entrust their funds. It rocketed to center stage in 2020 when it released its governance token, YFI, the first so-called fair launch. 

The project is effectively a decentralized autonomous organization (DAO), functioning without the same sort

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Retiring early? Prepare yourself for these financial challenges

Retiring early isn’t all it’s cracked up to be. Sure, you get to spend your days doing more of what you enjoy rather than watching the clock at your 9-to-5 job. But you’re also exposing yourself to a lot more financial risk because your savings will have to last you even longer. That’s not to say retiring early isn’t doable, but there are special challenges you’ll face if you decide to do so. Here’s a look at a few of them and how you can prepare yourself.


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Did You Know Your Financial Adviser Can ‘Fire’ You as a Client? Here Are 6 Times When They Should

Firing someone is never easy. Thankfully, I’ve never had to fire a client in my career as a CFP®, but colleagues of mine and firms where I’ve worked have had to make this difficult decision.

Our goal as financial advisers usually is to build our client base, not reduce it, so letting go of clients seems counterintuitive. But there are situations where it’s the right thing to do, and sometimes it’s what is best for both the adviser and the client.    

Below I address six scenarios and circumstances where I believe a financial adviser should fire a client.

1 of

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Barron’s 100 Most Influential Women in U.S. Finance: Ann Miura-Ko

Ann Miura-Ko

Mike Maples|, Jr.

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Ann Miura-Ko likes to build companies from the ground up. Since co-founding the seed-stage venture capital fund Floodgate in 2008, Miura-Ko has been investing in tiny but promising tech companies, many of which have blossomed into iconic businesses. She invested in


when there was serious discussion about leaving the “e” out of its name, in


when it was still called Zimride, and in Okta when it was dubbed Saasure.

More recent bets include companies such as Hadrian, which makes components for rockets, satellites, jets, and drones; the insurance-comparison site The Zebra;

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UW-Madison Vice Chancellor for Finance & Administration Laurent Heller leaving next month

MADISON, Wis. — University of Wisconsin-Madison Vice Chancellor for Finance and Administration Laurent Heller will leave the university later this summer to take a similar role at Johns Hopkins University.

According to a news release, Interim Associate Vice Chancellor for Facilities Planning & Management Rob Cramer has been named interim vice chancellor, effective May 21.

“We’re very happy that Laurent is taking a next step in his career, but deeply sorry to see him go,” said Chancellor Rebecca Blank in a statement. “His contributions over the past

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Singapore Names Wong Finance Minister in Cabinet Shake-Up

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Lawrence Wong was named Singapore’s next finance minister in a cabinet reshuffle Friday, boosting his prominence as the city-state reboots its leadership transition plan.

The appointment of Wong, 48, follows Deputy Prime Minister Heng Swee Keat’s surprise announcement about two weeks ago that he’s stepping aside as the designated successor to Prime Minister Lee Hsien Loong within the People’s Action Party, which has led the country since independence. That forced changes to the long-telegraphed transition,

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Biden Announces International Climate Finance Plan | National News

President Joe Biden on Thursday announced a new climate finance plan during his two-day summit that seeks to boost funding for developing countries.

“Today we are issuing America’s first ever international climate finance plan,” Biden said at his virtual climate change summit. “This plan represents our vision for financing the global climate response in a coordinated way. It lays out specific steps that federal agencies of the United States will take to increase both the quality and quantity of climate financing.”

Under the plan, the U.S. aims to double its climate financing to developing countries by 2024 relative to the

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Barron’s 100 Most Influential Women in U.S. Finance: Karin Risi

Karin Risi

Courtesy of Vanguard

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Karin Risi, who led a major transformation of the Vanguard Group’s U.S. individual investor business, has a new role overseeing the asset manager’s planning and development group.

In December, she was named managing director of Vanguard’s global investment-product development and oversight, enterprise strategy, marketing, communications, and community efforts. Her objective remains the same, she says: help clients meet their investment goals.

Risi, 48, joined Vanguard in 1997 as an investment analyst. As managing director of its retail investors group, she designed and launched Vanguard Personal Advisor Services, which helped make comprehensive investment advice

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