Tax Loss Harvesting

Are You Tracking Your Net Worth?

Families sometimes don’t track their finances at all, while others track income, bank balances, investment accounts, home values, or the performance of a particular asset. Those numbers matter, but they do not tell the whole story. The most comprehensive financial metric is net worth. Net worth is everything you own minus everything you owe. It is the simplest snapshot of where you stand financially at a specific point in time. It does not tell the whole story of your financial life, but it provides context for almost every financial decision. Links: Are You Tracking Your Net Worth? [https://www.timberchase.net/blog/are-you-tracking-your-net-worth] About Timberchase Financial Wealth Brief One smart money idea in five-ish minutes. A calm, intentional take on financial planning for families managing meaningful wealth.

Do You Need a Long-Term Care Insurance Policy?

Whether a long-term care insurance policy is right for you is really several questions under the same umbrella. “Do I need long-term care insurance at all?” “Should I keep the policy I already have?” “If someone has approached me about coverage now, which type of policy deserves consideration?” “And if the proposal is a paid-up policy, what exactly am I being asked to buy?” A useful place to begin is with the basics. The purpose of insurance is to transfer a risk one cannot afford to bear. Long-term care is a genuine risk — it is believed that more than half of our aging population will need long-term services at some point, and about a quarter of us will need care for more than five years. It is good to plan for this very expensive possibility, and buying insurance is one of the options. Links: Do You Need a Long-Term Care Insurance Policy? [https://www.timberchase.net/blog/do-you-need-a-long-term-care-insurance-policy] About Timberchase Financial Wealth Brief One smart money idea in five-ish minutes. A calm, intentional take on financial planning for families managing meaningful wealth.

Financial Planning in an Age of Abundance

If you step back and look at the long arc of human living standards, you may realize the baseline lifestyle of modern life is closer to paradise compared with almost all of history. For most of human history, the average person lived very close to the edge in squalid conditions. Links: Financial Planning in an Age of Abundance [https://www.timberchase.net/blog/age-of-abundance] About Timberchase Financial Wealth Brief One smart money idea in five-ish minutes. A calm, intentional take on financial planning for families managing meaningful wealth.

Should I Apply for a Trump Account for My Child or Grandchild?

We have recently fielded questions about the new Trump Accounts for children. Many families with young children are asking the same question right now: Should I apply for one of these new Trump Accounts?  Links: Should I Apply for a Trump Account for My Child or Grandchild? [https://www.timberchase.net/blog/should-i-apply-for-a-trump-account] About Timberchase Financial Wealth Brief One smart money idea in five-ish minutes. A calm, intentional take on financial planning for families managing meaningful wealth.

Tax Loss Harvesting

At its core, tax-loss harvesting is a tax management technique: when part of a taxable portfolio is down, you may be able to sell at a loss, reinvest promptly, and potentially use that loss to reduce taxes. Done well, it can improve after-tax outcomes over time. Done poorly, it becomes an expensive and unintended drift into market timing.  Links: Tax Loss Harvesting [https://www.timberchase.net/blog/tax-loss-harvesting] About Timberchase Financial Wealth Brief One smart money idea in five-ish minutes. A calm, intentional take on financial planning for families managing meaningful wealth.