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What Documents Should Be in Your Financial Emergency Binder?
A financial emergency binder is a simple but powerful tool that helps your loved ones step in quickly if something unexpected happens. It reduces confusion, delays, and stress during already difficult times. The goal is to keep key...
Read MoreShould You Pay Off Your Mortgage Before Retirement?
For some, entering retirement debt-free provides peace of mind and greater confidence in their financial future. But paying off your mortgage before retirement isn't always the obvious choice. If you have a low interest rate,...
Read MoreHow Life Changes Can Affect Your Tax Situation
Major life changes often have a direct impact on your tax situation, even if taxes are not the first thing on your mind when those changes occur. Events such as marriage, divorce, retirement, the birth of a child, a job change, or the...
Read MoreThe Hidden Cost of Ignoring Tax Diversification
Many investors focus on diversifying their portfolios across asset classes, but fewer give the same attention to tax diversification. Tax diversification refers to having a mix of account types that are taxed differently, including...
Read MoreWhat to Bring to a Tax Planning Meeting
A productive tax planning meeting starts with having the right information available. The more complete your picture is, the more accurate and effective your planning strategies can be. At a minimum, it is helpful to bring recent tax...
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Tax Planning Opportunities Before You Retire
The years leading up to retirement are some of the most important for tax planning. Decisions made during this window can have a lasting impact on how your retirement income is taxed and how long your savings may last. One key...
Read MoreThe Tax Impact of Selling Highly Appreciated Investments
Selling investments that have significantly increased in value can be an important part of managing a financial plan, but it also comes with important tax considerations. When you sell a highly appreciated asset, the gain is generally...
Read MoreCharitable Giving Strategies That May Provide Tax Benefits
Charitable giving can be a meaningful way to support causes you care about while also playing a role in your overall tax planning strategy. With the right approach, donations may also help reduce your taxable income and improve the...
Read MoreHow to Prepare for Required Minimum Distributions
Required Minimum Distributions (RMDs) are mandatory withdrawals that generally begin once you reach a certain age from most retirement accounts, including traditional IRAs and employer-sponsored retirement plans. These distributions...
Read MoreWhat Every Business Owner Should Know About Estimated Taxes
For business owners, taxes work a little differently than for traditional W-2 employees. Instead of having taxes automatically withheld from each paycheck, most self-employed individuals and small business owners are responsible for...
Read MoreUnderstanding IRMAA: How Income Can Affect Medicare Premiums
IRMAA, or Income-Related Monthly Adjustment Amount, is an additional surcharge that may apply to Medicare Part B and Part D premiums based on your income. In simple terms, the more income you report, the higher your Medicare premiums...
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Stay Alert: The Most Common Scams We're Seeing in 2026
At BW Wealth Management, protecting your financial future goes beyond investing and retirement planning. It also means helping you recognize the increasingly sophisticated scams that target individuals every day.
Read MoreCould a Roth Conversion Make Sense This Year?
A Roth conversion involves moving funds from a traditional IRA into a Roth IRA, with the converted amount treated as taxable income in the year of the conversion. While this strategy is not suitable for everyone, it can be a powerful...
Read MoreWhen Was the Last Time You Reviewed Your Beneficiaries?
Beneficiary designations are one of the most important yet overlooked parts of a financial plan. Unlike a will, which goes through probate and can be updated through the legal system, beneficiary designations on accounts such as IRAs,...
Read MoreCelebrating Independence Day and Your Financial Independence
Independence Day is a time to celebrate freedom, opportunity, and the ability to build the life you want. It is also a good reminder to think about financial independence and what it means for your future. As fireworks light up the sky...
Read MoreWhy Tax Planning Isn't Just for Tax Season
Tax preparation focuses on reporting what has already happened. Tax planning, on the other hand, is about looking ahead and making informed decisions that may improve future outcomes. By taking a proactive approach, you may be able to...
Read MoreThe Midyear Tax Checkup: 5 Planning Moves to Consider Before Year-End
While tax season may be behind us, June is an ideal time to revisit your tax strategy. A midyear checkup can help identify opportunities and address potential concerns while there is still time to make adjustments before year-end....
Read MoreThe Quiet Risk in Financial Planning: Assumptions
Assumptions can quietly derail retirement planning. Learn how to stress-test timelines and taxes to build a more resilient strategy.
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A Meaningful Way to Give Back
From time to time, opportunities come along that remind you why community involvement matters. About a year ago, I had the opportunity to meet with a Make-A-Wish child and help him think through what kind of wish he wanted to pursue....
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Your June Midyear Financial Checklist: A Powerful Reset for the Next 6 Months
Use a June midyear checklist to review goals, savings, taxes, investments, and beneficiaries so you stay proactive now and avoid rushed year end choices.
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Memorial Day: Why It Matters (Plus a Few Facts You Might Not Know)
Memorial Day meaning plus four memorable facts: Decoration Day origins, the 1971 Monday change, the 3 p.m. remembrance moment, and poppy symbolism.
Read MoreWhy Password Safety Matters More Than Ever in Retirement
As a financial advisor, we often help clients seek to protect their retirement income, investments, and long-term financial plans. Today, cybersecurity and password safety are just as important as tax and investment planning. Retirees are
Read MoreHave You Reviewed Your Beneficiaries Lately? A Critical Estate Planning Checkpoint
When was the last time you updated your beneficiaries? It is one of the most important questions in financial and estate planning, yet it is often overlooked for years at a time. Many people assume their will controls everything, but...
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Special Month of Faith: Kids Sacraments received during the Month of Easter
This past month was a meaningful milestone for our BW Wealth Management families as we gathered in Scottsdale, AZ to celebrate important Catholic sacraments in the lives of our children, including Baptism, Confirmation and First Holy...
Read MoreUpcoming Tax and Business Deadlines
Important Upcoming Tax and Business Deadlines to Know This YearThe beginning of the year brings a wave of important tax and compliance deadlines for individuals, employers, and business owners. Missing these dates can result in...
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Waste Management Phoenix Open 2026
Every February, the WM Phoenix Open shows up and completely changes the vibe around here. This year, David and I got to spend a day at Hole 16 and another at Hole 18, and it felt like two totally different events in the best way. Hole...
Read MoreTax Planning vs. Tax Preparation: Why the Difference Matters
When most people think about taxes, they think about filing a return. They gather their documents, send everything to their CPA, sign the paperwork, and move on. It is something that gets done once a year, usually under a deadline, and...
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Giving Back to Our Community: Building Beds with Sleep in Heavenly Peace
Last week, I had the opportunity to step away from the office and into a hands-on service project that truly reminded me why community matters. Alongside my fellow members of the St. Patrick Knights of Columbus Council 12449. I...
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Stay Connected to Your Money: Why You Should Be Using LPL Account View
As we head into the end of the year, it’s more important than ever to stay connected to your financial life. One of the best ways to do that is by using LPL Financial’s Account View, which is your secure and always available online...
Read MoreGovernment Shutdown 2025: What It Means for the Economy and Markets
Government Shutdown 2025: What It Means for the Economy and Markets At BW Wealth, our goal is to help clients stay informed and confident through every kind of market condition. Events like the current federal government shutdown can...
Read MoreIRMAA and it's unexpected cost in retirement
IRMAA: the Medicare cost most retirees don’t see coming. In this short video, we break down what it is, how it’s calculated, and what you can do to manage it
Read MoreUnderstanding Financial Advisor Credentials: CFP®, TPCP®, ChFC®, CRPC®
When it comes to planning your financial future, not all advisors are created equal. Credentials like CFP®, TPCP®, ChFC®, CRPC® signal specialized expertise, helping you understand who can best guide you through retirement, tax...
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How Much Do I Need For Retirement?
It’s one of the most common financial questions, and for good reason. Planning for retirement isn’t just about a single number, it’s about creating a strategy that fits your lifestyle, goals, and timeline. While everyone’s situation is...
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