Phone-alt Envelope Facebook-f Twitter Icon-linkedin

Caleb Bjerk

Giving Back as a Family: What Fits Your Philanthropic Goals?

Philanthropy, Wealth Management /

In today’s world, philanthropy has evolved into an essential part of many families’ legacy planning – and it’s a time of year when many families begin giving it greater focus. This evolution reflects not just a desire to give back but also the increasing number of tools available to maximize charitable impact. Among these tools, family foundations and donor-advised funds (DAFs) have emerged as popular choices. But while both can serve as meaningful vehicles for philanthropy, they offer different benefits, responsibilities, and structures. Choosing the right one depends on your financial objectives, tax strategy, and commitment to a long-term philanthropic mission.

Let’s explore the key differences between family foundations and donor-advised funds, diving into how each aligns with various family philanthropic goals and lifestyles.  …

Giving Back as a Family: What Fits Your Philanthropic Goals?Read More »

Giving Back as a Family: What Fits Your Philanthropic Goals? Read More »

Understanding RSUs, Stock Options, and ESPPs: Insights for Tech Executives in Silicon Valley

Understanding RSUs, Stock Options, and ESPPs: Insights for Tech Executives in Silicon Valley

Wealth Management /

In the heart of Silicon Valley’s tech world, grasping the details of equity compensation such as Restricted Stock Units (RSUs), Stock Options, and Employee Stock Purchase Plans (ESPPs) is a key aspect for tech executives. Our team in Campbell, California, at Wade Financial Advisory, focuses on providing information and insights into these complex forms of compensation.

…

Understanding RSUs, Stock Options, and ESPPs: Insights for Tech Executives in Silicon ValleyRead More »

Understanding RSUs, Stock Options, and ESPPs: Insights for Tech Executives in Silicon Valley Read More »

Understanding Social Security: Considerations for Maximizing Your Benefits

Retirement Planning /

When Social Security was first introduced in 1935, its primary purpose was to act as a safety net for retirees with inadequate savings, rather than serving as their main income source during retirement. Back then, life expectancies were shorter, and retirees often relied on pensions for support. However, the economic landscape of today has brought about significant changes in attitudes toward Social Security, and pensions have largely become a thing of the past. Now, Social Security benefits account for approximately 30% of retirees’ income, making maximizing your Social Security benefits a vital aspect of your retirement plan.

Before we explore different strategies for maximizing your Social Security benefits, let’s define a couple of useful terms that are specific to Social Security:

  1. Full Retirement Age (FRA): This is the age when you can start claiming benefits without a decrease in your monthly benefit amount. For most people, this is typically around the age of 67, but you are able to verify this on your Social Security statement.
  2. Primary Insurance Amount (PIA): This is the monthly benefit amount you are eligible to claim at your FRA.

Continue reading for valuable tips that can help you make the most of these benefits and build greater retirement income security.

…

Understanding Social Security: Considerations for Maximizing Your BenefitsRead More »

Understanding Social Security: Considerations for Maximizing Your Benefits Read More »

cognitive biases

These Cognitive Biases Could Sabotage Your Financial Planning

Uncategorized, Wealth Management /

Much of financial planning revolves around your retirement planning strategy – a strategy that very likely involves investing. On the surface, investing may seem to be all about facts and figures, like principles and interest rates. However,  there’s always a human element that shouldn’t be overlooked. In fact, an entire domain of psychology known as behavioral finance shows we are all susceptible to cognitive biases and emotional influences that impact self-control, risk tolerance, and rational behavior.

In this article, we’ll explore two of the most common cognitive biases – herd behavior and overconfidence – and how they could be sabotaging your financial plans. Once you are aware of them, you can combat these negative behaviors and move beyond them for greater financial security in retirement.

…

These Cognitive Biases Could Sabotage Your Financial PlanningRead More »

These Cognitive Biases Could Sabotage Your Financial Planning Read More »

DISCLOSURES
FORM ADV
FORM CRS
Wealth Advisors do not provide specific tax/legal advice and this information should not be considered as such. You should always consult your tax/legal advisor regarding your own specific tax/legal situation. Separate from the wealth management plan and our role as wealth advisors, we may recommend the purchase of specific investment or insurance products or account. These product recommendations are not part of the wealth management plan and you are under no obligation to follow them. Life insurance products contain fees, such as mortality and expense charges (which may increase over time), and may contain restrictions, such as surrender periods.

Copyright © 2021 Wade Financial Advisory