Another Kind of Freeze/Thaw: How and When to Freeze Your Credit
Freezing your credit is an easy way to proactively protect yourself against identity theft, or to prevent further misuse of your personal information if you suspect that it’s been compromised. What is a credit freeze? Freezing your credit reduces access to your credit report and prevents new account openings, which is especially important if you […]
Setting Resolutions for (Financial) Success
The start of a new year feels refreshing, invigorating, and often times optimistic. It is a chance to begin again. We have a culture of creating “New Year’s Resolutions,” yet many of us find failure shortly into our attempts. Studies show that by February, 80% of New Year’s Resolutions have been abandoned.1 Don’t be disheartened! […]
Pay Attention to Your RSUs!
Managing the Restricted Stock Units (RSUs) that your employer awards you is a nuanced process. Diversification is a fundamental principle in modern portfolio theory, and it plays a pivotal role in reducing a portfolio’s risk with a concentrated position. It is essentially the idea of optimizing your returns by spreading money across many different asset […]
What is the right claiming strategy?
As individuals approach retirement, one critical decision they face is when to start claiming Social Security benefits. The age at which you choose to claim can significantly impact the amount you receive, and each option comes with its own set of positive and negative aspects. At Alaska Wealth Advisors, we understand that every individual’s financial […]
Find Your Missing Money
At Alaska Wealth Advisors, we’re committed to going the extra mile for our clients. Whether it’s devising innovative savings strategies, optimizing investment allocations, or assisting you in achieving your retirement goals, we’re dedicated to ensuring your financial success. While we assume many roles in serving our clients, one title that might surprise you is “treasure […]
Season of Giving and Gifting
From helping a child with a down payment on their first home, to jumpstarting family member’s 529 plan, to implementing estate planning strategies – the topic of gifting is one we discuss with our clients often. As we enter the season of giving and gifting, we aim to answer commonly asked questions and demystify some […]
Don’t Miss These Year-End Financial Planning Strategies
This week, we enter November. The summer activities are being packed up in the shed; the skis, snowboards, snowmachines, ice skates and snowshoes are coming out. With only two short months left until the new year, it is important to consider your year-end financial planning activities. Here is a short list of important planning reminders […]
Qualified Charitable Distributions: What are they good for?
Qualified Charitable Distributions or QCDs can be one of the most tax-efficient ways to give money to charity. An IRA owner can donate up to $100,000 per calendar year to charities directly from their IRA. For those who are RMD age, QCDs count toward satisfying your Required Minimum Distribution (RMD). So, what is a QCD, […]
Top 5 Things You Need to Know About Probate
In late 2020, my mother was diagnosed with the big “C”. A ripple of emotions of surprise, sadness, confusion, anger rushed over me. After the initial shock, my mother was calm enough to know that she needed to get more organized. She owned multiple properties, various investment accounts, insurance, and personal property. The unpredictable health […]
Highlighting a Path for Young Investors
Last Friday I had the pleasure of joining my fellow advisors Katelynn Toth, CFP®️ and Stan Moiseev in hosting our annual Pathfinder Webinar. This event was tailored to younger investors, and we discussed the valuable topics of compound interest and savings benchmarks. The following is a summary of our event; don’t hesitate to share this […]