Spark Financial Advisors Articles
Four Women Owned Businesses in Richmond VA You Need to Know About
We love supporting women-owned businesses and thought it was long overdue to showcase some of the great women owned businesses that serve Richmond, VA. If you are looking to build out your own “team of experts” from attorneys, to insurance brokers to professional...
SECURE Act 2.0: Updates and Opportunities
Ready for round 2? At the tail end of 2022 Congress passed legislation known as the SECURE Act 2.0 which was signed into law by President Joe Biden on December 29th, 2022. There are a number of important retirement planning changes included in this legislation. ...
Build Your Team of Experts
You know where your expertise ends and that “gray” zone of knowledge begins. These can be your blind spots OR you can choose to build out your personal team of experts. Why have a personal team of experts? Reliability that something is being done well Transfer of...
Save More in 2023: Updated IRS Limits
Written by Alexis Grason, CFP®, RICP® Leaves changing color and falling from trees, stores putting out holiday decorations, and the IRS releasing their annual updated numbers for 2023… It’s that time of year when the IRS releases adjustments to limits for the next...
How to roll an I-Bond to a 529 account
Jim has Series I Savings Bonds in his name that have accrued a large sum of interest, but he is struggling to determine how he should fund his children’s college education. He knows that I-bond interest can be excluded from taxes when used for qualified tuition and...
6 Proposed SECURE Act 2.0 Changes Business Owners Need to Know
With a business to run you may not be paying much attention to retirement plan legislation. Congress is working towards the passage of what has been dubbed the SECURE Act 2.0 and it is packed with potential changes business owners need to know about. Don't worry,...
Round Two: The Proposed SECURE Act 2.0
Who's ready for round 2? With the passage of the SECURE Act in 2019 we saw many changes to retirement savings plans. Now, Congress is considering further changes to promote retirement security for Americans. The SECURE Act 2.0 passed the U.S. House of Representatives...
How to Fund a Buy-Sell Agreement
When exploring how to sell your business to a new owner you have probably come across the concept of a Buy Sell Agreement. Or perhaps you want to preserve the value of a business you've poured your heart into to protect your family and loved ones should something...
Understanding Buy Sell Agreements And Why You Need One
Bill is a part-owner and practitioner at a local medical practice, which he and his partner have been running for over 10 years. Bill’s partner has recently become fully disabled and is no longer able to participate in the practice. Although he would like to sell his...
Using a Qualified Charitable Distribution to Reduce Taxes
Angel and Bob are in their early 70s and find deep fulfillment through philanthropy. They’ve been donating cash to their favorite charities. Their mortgage is paid off, Angel sold her business, and neither of them are working full-time. They typically withdraw money...
Lauren Zangardi Haynes, CFP®, CIMA®, CEPA
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