Blog
The financial world can be quite complicated, and at times we don't know where to go for answers (or even what questions to ask). In an effort to continually be a resource for our clients, New South Wealth Management will post articles in this section to give our clients even more information to go on. Be on the lookout for new developments, articles regarding product design, or observations on market fluctuations. Knowledge is power, and we want you to be informed!
Utilizing Nonqualified Retirement Plans as Fringe Benefits
Creative Ways to Keep Key Employees Employee turnover is expensive and losing key personnel can have devastating effects on a company. Organizations are often coming up with new ways to recruit talented people and offer their best...
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Strategizing Using Split Dollar Life Insurance
Strategizing Using Split-Dollar Life InsuranceArrangements That Are Not Just About Survivor Benefitsby Joseph Milano CHFC, CLU, CLTCCreative agreements using permanent life-insurance policies at their core provide advantages to both...
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Estate Planning Made Easier
Your Plan for Their Future, with Expert HelpEstate Planning is a complex topic, because it involves preparing for a future without you—or without you being able to manage your own finances. No two visions of these grim realities are...
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Trump Accounts: What Are They? And Who Benefits?
Trump Accounts are tax-advantaged individual retirement accounts for children under 18, created under the One Big Beautiful Bill Act (OBBBA) to help families save for long-term goals. They combine features of traditional IRAs and 529...
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What Should You Do With Your Old 401(k)?
When you leave your place of employment, one of the biggest questions you might have is what to do with your 401(k) plan.
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Restricted Stock Units
Restricted Stock Units (RSUs) are financial products that many find confusing and even a bit intimidating. Understanding their tax implications, vesting schedule structure, and selling requirements enables people to make informed decisions.
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Split Dollar Life Insurance
Split-Dollar Life Insurance: What It Is and Isn’tKnowing How This Arrangement Worksby Joseph Milano CHFC, CLU, CLTCOn the surface split-dollar life insurance is easy to understand. Digging into the legal and tax considerations of such...
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TAX-EFFICIENT INVESTING Own the Stocks. Save on Taxes.
For high-net-worth investors, tracking an index isn’t enough. Direct indexing rebuilds the same market-tracking philosophy from the ground up — this time with your tax return as a first-class priority. For decades, index funds and...
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Split-Dollar Life Insurance for Business
It is not too often that a business can offer its employees a benefit that, in the long run, costs little or nothing.
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The Life Insurance Retirement Plan: Why the Smartest Money in Your Portfolio Might Be Tax- Free New
The Life Insurance Retirement Plan: Why the Smartest Money in Your Portfolio Might Be Tax-Free Most people build retirement savings in one place: their 401(k). It’s automatic, employer-matched, and feels disciplined. The problem is...
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The Only Constant Is Change
Financial Plans Should Be Reviewed Regularly to Prepare for Life TransitionsChange is inevitable. That is a good thing. Who wants to be in the same place in their fifties as they were in their twenties? First job, marriage, births,...
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The Tax Strategy Wall Street Has Been Quietly Using — And Why It’s Coming to Main Street
A century-old tax code provision is quietly re-emerging valuable tool in modern wealth management. For investors with highly appreciated stock, the Section 351 ETF exchange may be a strategy worth considering.
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Pay Now or Pay Later?
Tax Considerations in Retirement are of Paramount ImportanceGood retirement planning should always include a tax strategy. Certain investments let investors defer taxes now to maximize principal. Other instruments have tax obligations...
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Keeping Enough Egg in the Nest
A Smart Retirement Strategy Includes a Spending Plan It was 1994 when William P. Bengen proposed, based on his research that included fifty years’ worth of data, that retirees should take no more than four percent per year from their...
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Term Life Insurance Vs. Permanent Life Insurance
The best life insurance policy for a consumer to own is the one that is in force the day they die. Having said that there is no such thing as the best or perfect policy. So, we are going to dissect and discuss the advantages of each....
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The Brokerage Window: Is Your 401(k) Giving You Enough Options?
Most people assume their 401(k) is doing its job — contributions go in, the money gets invested across a handful of mutual funds, and retirement inches closer. That assumption isn’t wrong, but for many participants, it leaves a...
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Our Ten Tips For Financial Success
1. Know your Numbers This includes all of your income, expenses, assets, and liabilities. It’s not possible to build a house without the foundation. 2. Set Financial Goals Set short, mid, and long-term goals. These are less than...
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Is Your Group Life Insurance Enough?
Many Americans first learn about life insurance when entering the work force through their employer-sponsored plan, also known as a group life policy. For some, there are many advantages to this workplace benefit, including very little...
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