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Carnegie Corner

Monday, February 26, 2024

Most of us who have experienced college are all too familiar with that intimidating mountain you have to climb upon graduation: repaying your student debt. Seeing our children struggle financially is heart-wrenching, and though we want...

Monday, February 19, 2024

Approximately 60 million workers contribute to a 401(k)-retirement plan. A 401(k) is a tax-advantaged retirement savings plan companies offer employees and is funded through elective salary deferrals. There are several benefits to...

Monday, February 12, 2024

When filing your income taxes, each taxpayer is different. Some prefer reducing the taxes they owe and getting the most significant possible refund, while others work to keep the taxes they pay as low as legally required. The IRS...

Monday, February 5, 2024

Business succession planning is a critical process that focuses on the smooth transition of a company's leadership and ownership from one generation to the next. This checklist serves as a valuable tool for business owners, providing...

Monday, January 29, 2024

An executor of an estate or trust plays a pivotal role in the legal system, especially when dealing with the responsibilities and tasks related to a deceased person's property and financial matters. The executor acts as the manager and...

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Monday, January 22, 2024

As Generation X, often referred to as the "forgotten generation," inches closer to retirement, a unique set of challenges and concerns emerges. Born between 1965 and 1980, Gen Xers find themselves facing a pivotal moment, with...

Monday, January 15, 2024

The IRS has released the 2024 mortality tables, which will be instrumental in funding, determining minimum lump-sum distributions, and various other calculations that affect the financial health of your pension plan. This update marks...

Monday, January 8, 2024

April 18 tax deadline –The due date is April 18, instead of April 15, because of the Emancipation Day holiday in the District of Columbia. 2023 tax inflation adjustments –The IRS announced the tax year 2023 annual inflation...

Tuesday, January 2, 2024

A perspective shift occurs in the wealth landscape; many now recognize health as the new wealth. Healthcare, long-term care (LTC) insurance, and other wealth-related financial instruments have become essential considerations for HNW...

Tuesday, December 19, 2023

Year-end financial planning can help you assess your family’s financial situation, identify areas for improvement, and set achievable goals for the future. Here’s a closer look at seven essential areas where reviewing may...

Tuesday, December 12, 2023

With markets traditionally showing an uptick close to the holidays, this article cautions investors on ways to approach investments at year-end. Find out the do's and don'ts of investing during the holiday season.

Tuesday, December 5, 2023

There are only 24 hours of separation between the last day of the year and the first day of the new year. Nevertheless, choosing the official calendar date of your retirement to be in one calendar year over another is not a trivial...

Tuesday, November 28, 2023

In this article, we highlight specific technologies being leveraged today by advisors and delve deeper into the profound impact technology-powered financial advisors can have on your overall financial well-being.

Monday, November 20, 2023

If you ask someone their favorite part of the holiday season, giving or receiving gifts will likely be their response nine times out of ten. Gift-giving is a huge part of the holidays—it’s why there are entire days...

Wednesday, November 15, 2023

Exploring the realm of employment benefits goes beyond the basics of salary and insurance coverage. Find out what the seven commonly underestimated employee benefits are and how a financial advisor can help navigate selections.  

Tuesday, November 7, 2023

A donor-advised fund (DAF) is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. The benefits of DAFs extend beyond their primary...

Tuesday, October 31, 2023

Kitty O’Neill Collings, an American politician and pioneer in the area of international diplomacy, civil liberties, and social justice, once quipped, “Aging seems to be the only available way to live a long life.”...

Tuesday, October 24, 2023

Charitable donations almost always increase during the holiday season. While it helps to donate money to your favorite charities, there’s a way you can give back that is equally helpful and fulfilling to those around...

Tuesday, October 17, 2023

The “right” decision is most aligned with your wishes for your family’s future As parents approach their retirement years, they often grapple with the task of writing their wills and deciding how to allocate their...

Tuesday, October 10, 2023

Lower healthcare costs, fewer medications and a reduced need for LTC Aging is inevitable, but how we age is, to a significant degree, within our control. For adults between the ages of 35 and 55, contemplating the years leading up to...

Tuesday, October 3, 2023

Adopt a proactive approach to help your data remain uncompromised Identity theft, one of the fastest-growing cybercrimes, can derail your personal and professional life. As we all live in the digital realm, it's crucial to understand...

Tuesday, September 26, 2023

Making the most of your executive benefits package while balancing the litany of other demands on your time can be daunting for many corporate executives.  This is particularly true with respect to equity compensation plans. ...

Tuesday, September 19, 2023

In the ever-evolving landscape of taxation and retirement planning, the Internal Revenue Service (IRS) regularly updates its rules and regulations. Recently, the IRS announced changes to catch-up contributions, postponing the...

Tuesday, September 12, 2023

Booker T. Washington once said, "Those who are happiest are those who do the most for others." In 2022, Americans gave $499.33 billion to charitable organizations, making America one of the most generous nations in the world. The...

Tuesday, September 5, 2023

Now is an excellent time to start evaluating your current financial situation, determining your future goals and expectations, and working toward pursuing them. If you need help pulling together a plan for your finances, a financial...

Monday, August 28, 2023

Three Keys to Investing, Inflation Worries and What to Do, and the Intersection of Addiction & Technology There are three simple keys to investing that you use as a framework for thinking about different types of investments and how...

Monday, August 21, 2023

The combination of investments you choose is as important as the individual investments themselves. In fact, many experts argue that it's even more important, since the mix of various types of investments accounts for most of the ups...

Monday, August 14, 2023

With the wide variety of stocks in the market, figuring out which ones you want to invest in can be a challenging task. Many investors feel it's useful to have a system for finding stocks that might be worth buying, deciding what price...

Monday, August 7, 2023

A student's education expenses may be reduced when a parent uses their tax-advantaged retirement account to help cover tuition and other related costs. With many students graduating with college loan debt, using a 401(k) or IRA may...

Monday, July 31, 2023

Businesses sell shares of stock to investors as a way to raise money to finance expansion, pay off debt, and provide operating capital. Each share of stock represents a proportional share of ownership in the company. As a stockholder,...

Monday, July 24, 2023

Planning for the future needs of an aging parent can often be a sensitive and delicate task for adult children to undertake. Baby boomers who must balance the needs of their own children with concerns about their parent’s...

Monday, July 17, 2023

In late May 2023, Congress sent a letter to U.S. Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel saying that it will introduce legislation to correct several technical errors in the SECURE 2.0 Act. The letter, signed...

Wednesday, July 12, 2023

Our 2023 investing outlook started with a theme of returning to normalcy. Considering 2022’s market volatility and the aftereffects of the pandemic, the idea of finding balance was certainly a welcomed change. It’s a theme...

Tuesday, July 4, 2023

Adults caring for aging parents and children simultaneously have now become known as the "sandwich generation."  While each generation comes with its own array of financial challenges, the sandwich generation often feels...

Friday, June 30, 2023

The “Sandwich Generation” faces a lot of struggles. If you’re unfamiliar with this term, it describes a demographic where usually middle-aged individuals must support aging parents at the same time they’re...

Tuesday, June 20, 2023

Why you need an estate plan. The big one: probate. Probate is the legal process that wraps up a person's legal and financial affairs after their death. Number 2: Living Wills.

Friday, June 9, 2023

Many of us hope to leave something behind for our loved ones when we pass away. But the probate process is complex. To understand how to better manage potential probate fees, let’s explore what probate is and how the process...

Friday, June 2, 2023

Do you have a will? A will enables you to specify who you want to inherit your property and other assets. A will also enables you to name a guardian for your minor children. Do you have healthcare documents in place? Healthcare...

Friday, June 2, 2023

When you lose a spouse, partner, or parent, the grief can be overwhelming. In the midst of that grief, life goes on. There are arrangements to be made, things to be taken care of – and in recognition of this reality, here is...

Friday, June 2, 2023

If your family relies on your income, it’s critical to consider having enough life insurance to provide for them after you pass away. But too often, life insurance is an overlooked aspect of personal finances.In fact, according...

Friday, May 19, 2023

Some of the biggest challenges many face when it comes to education are financial. Luckily, a 529 college saving plan can help. And they're not just for college anymore - added to the tuition eligibility are K-12, private and religious...

Saturday, May 13, 2023

When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration (SSA) estimates that today’s average 65-year-old woman will live to...

Monday, May 8, 2023

Preparing for retirement is not entirely financial.Your degree of happiness in your "second act" may depend on some factors that don't come with an obvious price tag. Here are some non-monetary factors to consider as you prepare for...

Friday, April 28, 2023

Whether through inertia or trepidation, investors who put off important investment decisions might consider the admonition offered by motivational speaker Brian Tracy, "Almost any decision is better than no decision at all."This...

Monday, April 24, 2023

The Social Security program allows you to start receiving benefits as soon as you reach age 62. The question is, should you?Monthly payments differ substantially depending on when you start receiving benefits. The longer you wait (up...

Friday, April 21, 2023

It's natural to wonder exactly how a bank safeguards your money. Fortunately, the Federal Deposit Insurance Corporation (FDIC) insurance exists for this very reason: to help protect your funds once deposited. Read on to explore the...

Monday, April 10, 2023

Have you ever taken a close look at paper money? Each U.S. bill has the words “Federal Reserve Note” imprinted across the top.But many individuals may not know why the bill is issued by the Federal Reserve and what role the...

Thursday, April 6, 2023

Taxes are one of the biggest budget items for most taxpayers, yet many have no idea what they’re getting for their money.The average household spends more on taxes than on groceries, clothing, or healthcare. In fact, 11% of our...

Thursday, April 6, 2023

The IRS has identified 21 states that made special payments to taxpayers in 2022. After a review of those special payments, the IRS has determined that taxpayers in many states will not need to report those payments on their 2022...

Wednesday, April 5, 2023

By any measure, the tax code is huge. It is over 2,000 pages long, and even longer with footnotes.1And almost weekly, the Internal Revenue Service publishes a 20- to 50-page bulletin about various aspects of the tax code.2 Fortunately,...

Monday, April 3, 2023

We have received a lot of questions over the past month about what it means to be an “independent financial advisor” affiliated with LPL Financial, the nation’s largest independent broker/dealer. We thought that we...

Tuesday, March 28, 2023

Zac Ritchey was tired of all the promises he couldn't keep to his ultrawealthy clients at Wells Fargo. "I commonly said: 'It's coming.' I would say that a lot," Ritchey said in an interview. "'We're promised that this is...

Tuesday, March 28, 2023

Just as the market was starting to make some progress digesting the news of the Silicon Valley Bank (SVB) failure, another source of potential financial stress popped up in the form of Credit Suisse (CS). Here’s what we know...

Friday, March 24, 2023

Congress recently enacted landmark retirement legislation known as Secure 2.0 that will incentivize individuals to save for retirement, while increasing access to workplace plans. The new law includes a number of provisions intended to...

Monday, March 6, 2023

Based in Charlotte’s South Park community, Carnegie Private Wealth is founded by Angie Ostendarp CFP®, Jordan Raniszeski CFP®, and Mary Sherrill Ware CFP®, a highly decorated team of advisors that recently ranked as one of the Top 10 Best..

Thursday, February 9, 2023

Everyone needs to have some level of financial literacy to help manage their finances. However, financial literacy becomes even more crucial when you're a business owner. You need to become familiar with common terminology and business...