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As a generation of Americans grows older, a considerable amount of their personal wealth is transferring to younger family members.  In fact, a trillion dollars is expected to change hands by 2026.

Sales of new homes declined in April 2019 according to the Census Bureau.  Falling to an annualized 673,000 units from the upwardly revised count of 723,000 (originally 692,000), this monthly decline is the first of 2019.  April’s setback hurt the year-over-year trend which fell to 7.0 percent from 10.6 percent in March.

We’re making some exciting upgrades and enhancements at Sterling Wealth Partners.

Today's Hack:

Just around the corner is a new podcast called Phil's Tax Hacks (and other retirement facts) with Phil Putney of AFS Wealth Management. As a CPA and personal financial specialist Phil brings almost three decades of experience to each show to help you better prepare for retirement.

Exploring the world sounds fun and exciting, but it can be expensive to travel. However, there are ways to experience the trip of your dreams on a budget.

Robo-advisors have been heralded as the “future of investing” by their fans, but can computer algorithms really replace human financial advisors?

Time certainly goes by fast. One day you’re interviewing for your first job and the next thing you know you’re a few short years from applying for Social Security.

If you’ve planned for your retirement, you’ll likely have a good stash of funds saved.  But the unfortunate news is that according to the ​Insured Retirement Institute,​ 42 percent of baby boomers have nothing saved for retirement, and even those that have saved don’t have nearly enough to survive on.

Other than panicking, there are many things that you can start doing today to help increase your retirement savings; Here are just a few:

While many families enjoy owning vacation homes and using these properties for getaways and gatherings, a vacation home is a unique type of asset that requires careful planning regarding its ownership structure.

If you’re a business owner, professional, physician, or self-employed, and a high-earner, you may pay higher taxes than most Americans. Individual income taxes are the IRS’s biggest revenue source and the top 50% of all taxpayers paid 97% of the total income tax paid.[i] The good news is that there are some financial options that you may be able to take advantage of to lessen your taxes and keep more of your hard-earned money. In this article, we will go over some of the basics of the Defined Benefit Plan (DB), the Defined Contribution Plan (DC), and Cash Balance Pension Plans.