Wealth Management Perspectives
Market Mailbag: Have We Hit Bottom?, Understanding the National Debt
Client questions posed to Baird market analysts. Updated: July 28, 2020
A Most Curious Market Rally
Why is the market doing so well with so many out of work?
"Will Colleges Still Offer Classes in September?"
What students should be thinking about before committing to in-person classes this fall.
Optimism vs. Pessimism
Mike Antonelli and John Taft take on conventional wisdom behind the aging investor.
Make the Most of Your Stock Compensation With an 83(b) Election
Stock options are always tricky from a tax standpoint. Here’s one way to make them work for you.
Reg BI – A Win for All Involved
Reg BI raises the bar for investor protection while preserving individuals’ ability to choose who they work with, the products that best suit them, and how to pay for them.
A Q&A on Education Planning During COVID-19
COVID-19 has had a major impact on the way people are saving – and paying – for college. Baird’s Wealth Solutions Group weighs in.
Five Do’s and Don’ts of Medical Debt
It’s easy to get overwhelmed when that first big medical bill arrives. Here are five do’s and don’ts so you don’t pay more than you have to.
The COVID-19 Recession
The COVID-19 recession is different from recessions in the past. Here’s why it matters.
4 Myths When Managing Sudden Wealth
Sudden wealth can be a blessing – or a curse, if not managed thoughtfully.
These Are a Few of My Favorite Quotes
Mike Antonelli and John Taft turn to investing legends past and present to help make sense of these turbulent times.
The COVID-19 Stimulus Bill: How It Affects You
In addition to direct payments and loans, the CARES Act also contains provisions dealing with your financial and tax planning. Here’s how it can help you right now.
How Does Equity Compensation Fit Into Your Financial Plan?
Equity compensation can be complex, but don’t let your benefits go on autopilot. Here’s why it’s important to factor them into your broader wealth management plans.
Life Insurance Solutions for Your Blended Family
Financial planning for blended families can be uncomfortable at best, but life insurance can also help you deal with the special problems of a second family.
The Smart Way to Pay Off Student Loans
When it comes to paying off your student loan debt, you may have more options than you realize.
Financial Planning Opportunities in a COVID-19 World
Despite broad market instability and low interest rates, there are several long-term planning opportunities that you can take advantage of now.
COVID-19: What Should I Be Thinking About Today?
Here are steps you can take today to regain some financial control in these unprecedented times.
In the Markets Now: An Open Letter to My Fellow Twenty-Something Investors
The volatility of the last few weeks has been unprecedented and unrelenting. This puts younger investors in an interesting and even enviable position.
Debt: Not Necessarily a Four-Letter Word
If left unchecked, debt can cost you both money and peace of mind. Here are 6 ways to get it under control and working for you.
Financial Plans Evolve Through Every Stage of Life
A financial plan must evolve with your goals, family and income level. Here's a look at how three key areas of your financial decision-making change as you move through life.
How the SECURE Act Will Change Your Retirement Distributions
The SECURE Act raises the age for taking required minimum distributions (RMDs) from a retirement plan, lifting it from age 70 ½ to 72. Here’s why that matters to you.
Lessons Learned From Investing in Volatile Times
John Taft and Mike Antonelli discuss their experiences and how to avoid the most common mistakes.
The SECURE Act’s Impact on Your Estate Planning
Thanks to the SECURE Act, certain tactics for tax and estate strategies have been curtailed. People who had been considering these tactics will now have to look elsewhere.
The Dangers of Selling During a Market Drop
Timing the market can be difficult – timing the market in a panic can be devastating.
A Lesson From My Youth
Life isn’t experienced on a balance sheet – it’s about experiencing what the world has to offer.
How the SECURE Act Can Help With College
The SECURE Act, which took effect at the beginning of this year, was primarily focused on retirement savings, but there was good news for families that have made use of 529 college tuition plans, too.
Bridging the Gap: How to Pay for Healthcare When Retiring Early
Medicare coverage begins at age 65 – so if you’re thinking of retiring early, you’ll need to bridge the healthcare gap until then. Here are some ideas.
Look Beyond the Headlines: The Coronavirus
What is the coronavirus, and how will it impact your portfolio?
Wealth and the Single Parent
Making smart financial choices while raising kids on your own can require additional planning and discipline.
Taking Advantage of the SECURE Act
The new SECURE Act presents some significant changes to IRAs and other retirement vehicles. Here’s how you can take advantage of the new rules.
A Brief Guide to Prenups
Some 62% of marriage lawyers saw a rise in prenups between 2013 and 2016. If you’ve considered joining this trend, here some good reasons to do so – and the pitfalls to avoid.
Protect Yourself From Wire Fraud
Wire fraud is one of the most frightening types of theft that can happen to you, if for no other reason than wire transfers are routinely transacted in the tens or even hundreds of thousands of dollars. But a good financial professional, such as those at Baird, can help ensure your transactions are safe.
The Difficulty in Calling a Market Top
Trying to “time the market” is both highly risky and incredibly difficult.
How to Cover the Cost of Your Wedding
The average American wedding costs roughly $30,000 these days. If that number gives you cold feet, here are some practical ways to help you keep that special day under control.
A Budget You Can Live With
A budget can be the first step toward achieving your financial goals. But it doesn’t work if it’s not realistic. Here are some steps to help get your finances under control.
When to Take Your Benefit: A Key Retirement Decision
You should manage your Social Security like any other investment. Unfortunately, most Americans don’t, and may be missing out on as much as $100,000 in benefits. Here’s a guide to help you make the most of Social Security.
Building Portfolios for Volatile Times
If the market’s sudden moves have you thinking about getting out, here are some investment strategies to reassure you. Most important: Keep your focus on the long term.
How Much Life Insurance Do You Need?
The primary purpose of life insurance is to cover the financial needs of loved ones after you’re gone. How much is enough for your family? This guide from Baird can help.
2019 Year-End Tax and Financial Planning Checklist
Six areas where thoughtful tax, investment and financial planning can make a big difference on your tax returns in 2020.
Potential Tax Benefits of Charitable Giving
The 2017 Tax Cuts & Jobs Act (TCJA) will likely simplify filing for many taxpayers – but if you’ve traditionally deducted charitable gifts, you may have a new headache this tax season.
Understanding Your Benefits: Financial Planning for Service Members
Service members who reach their ETS date or retire from the U.S. military are eligible for a host of financial benefits. Here’s how you can take advantage of them.
Picking the Right Corporate Structure for Your Business
How you structure your business can impact taxes, fundraising and what you’re responsible for if things go wrong.
What’s Going On With the Economy?
From trade wars to inverted yield curves, there’s a lot that can move the economy. Baird’s Willie Delwiche looks at the headlines and explains everything you need to know.
So You Won the Lottery
Don’t assume that all your problems are over. Sometimes more money can create issues you didn’t see coming. Here are some simple steps to take to protect your Mega Millions.
Planning for a Child With Special Needs
More than 50 million Americans have some sort of special needs that their families are coping with? Here’s how to start addressing the financial challenges that these families are facing.
Modeling Good Financial Behavior for Your Kids
How do kids learn to handle their money? From watching you! Here are a few steps you can take to show them, by example, to be responsible savers and consumers.
How Much Should You Support Your Kids in College?
We all want what’s best for our kids, but you want them to learn the value of money too.
What to Expect (Financially) When You’re Expecting
You’re never fully prepared for how a child will change your life. But at least you can anticipate some of the financial challenges.
Modern-Day Wealth Management
Wealth management is about more than stocks or annuities. For Mike Antonelli, it’s about driving your beat-up old station wagon 2,000 miles to your happy place.
Wealth Management in Real Life: What to Do When a Loved One Is Dying
When a parent is approaching the end of their days, there are a lot of uncomfortable decisions to be made. Here’s a guide to help organize and clarify your thinking at this difficult time.
"Are We Going to Be Okay?"
Bull and Baird blog author Mike Antonelli and John Taft, author of the blog Finance for the Greater Good, discuss the most important question they get from Baird clients.
5 Financial Mistakes You Might Be Making Right Now
Five of the most common money mistakes people make – and how to avoid them.
Wealth Management Is a Family Affair
It may be awkward and uncomfortable to involve your children in your long-term financial planning. But it can make things easier for everyone involved, both now and into the future.
When a Loved One Is Diagnosed With Alzheimer’s
Financial considerations you should keep in mind as you plan for care.
Managing Health Care for an Elderly Loved One
For many caregivers, this can be a very difficult choice. This article can help you with both the practical and emotional sides of this decision.
Long-Term Care Insurance: A Beginner’s Guide
More than two thirds of us are likely to need some form of long-term care in our lives. Will you be able to cover that expense? The time to start getting prepared for it is right now.
Have You Planned for All 3 Phases of Retirement?
The key to a fulfilling, happy retirement is being prepared – mentally and financially – for all 3 phases.
Should You Buy or Lease Your Next Car?
Four questions to ask yourself before signing on the dotted line.
Keeping the Big Picture in Perspective
Baird’s Investment Strategy Team shares timely perspective on the investment markets and economy in this midyear outlook.
To Consolidate or Not To Consolidate Your Student Debt
Consolidating or refinancing your student loans could save you time and hassle – and even reduce your monthly payments. But is it the smart decision?
‘Til Debt Do Us Part
Thinking about taking the financial plunge and combining your finances? Here are six relationship-saving strategies to consider before merging your accounts.
Giving Love – and Money – to the Grandkids
In addition to being an incredibly loving gesture, paying for a grandchild’s education is a substantial investment in their future. Baird has thoughts about how you – and they – can get the most out of it.
Don’t Believe the Word on the Tweet
As a Millennial, you’ve probably read a million social media posts trying to tell you who you are and where you’re going in life. Let us help you prove them wrong.
Cyber Self-Defense: Protecting Yourself Online
Between online commerce and social media, we’re all spending more time on the internet these days. So are cyber criminals. Learn to protect yourself from their most common scams.
Some Things Are Just Too Hard
How is landscaping like investing? For Baird’s Mike Antonelli, they’re both things he’s happy to pay a professional to do for him.
Building Your Emergency Fund
Relying on credit cards in a crisis could be costly. The smarter choice? Start building your personal emergency fund.
Safeguard Your Online Information
With so much of our business happening online these days, it’s no surprise that hackers put a great deal of effort into trying to access your information.
7 red flags that an email you received is actually an attempt to steal your personal information
Is Now the Time To Refinance Your Mortgage?
Falling interest rates have many homeowners taking a second look at their original loans.
Incorporating Responsible Investing Into Your Portfolio
While investing is instrumental to achieving the future you want, you don’t have to sacrifice your principles along the way.
So You’ve Inherited Some Property….
Inheriting a lump sum of cash is a relatively simple process. Inheriting a noncash asset, though, like a vacation home or a stock portfolio, can present a whole different set of issues.
Three Alternatives to a Traditional Retirement
Not everyone wants a traditional retirement, but it can be tough to visualize a different path when society seems to expect you to work for four decades and bow out when you’re eligible for Social Security.
Teaching Kids to be Financially Fit
As a parent, one of the most valuable lessons you can teach your children is how to be smart with money.
Preparing for Risks You Can’t Foresee
No matter where you are in your life’s journey, there’s going to be some element of risk you’ll need to plan for.
Investing in Your Values
The rise of socially responsible investing lets investors put their money where their values are. This is the first in a two-part series on Socially Responsible Investing.
Putting Your Investment Eggs in Multiple Baskets
No matter how a concentration position develops, if your portfolio is overweighted in any one position, you’re exposed to undue risk.
Prepare for Medicare: A Guide for First-Timers
Medicare is a program that includes several different forms of health care, some of which are provided by the federal government and some by private insurers. As a result, it can be a fairly complicated program to understand.
Maximizing Company Stock Compensation
Receiving shares of stock in the company you work for as part of your compensation is an excellent way to share in the success of the business, and can be very lucrative. But stock awards can be tricky to manage.
How To Organize Your Financial Life
Keeping your financial documents organized might feel like a chore, but it can be a lifesaver in an emergency.
Does Diversification Still Work?
Hindsight may be 20/20, but investing is about looking forward.
A Big Decision for Small Businesses
It’s critical you identify the right retirement plan for your business.
How to Buy a House in Eight Steps: A Guide for First-Time Homebuyers
Whether "someday" is coming up soon or still a couple years down the road, you can benefit from learning about the process and the financial decisions you'll need to make.
5 Tax Traps to Avoid When Filing Your 2018 Returns
Tim Steffen, Baird’s Director of Advanced Planning, walks through the five biggest changes taxpayers need to be aware of as they put together their 2018 returns.
Where should my next dollar go? Education vs. Retirement
A new feature that helps readers tackle their most pressing wealth management concerns.
Be a Good Partner to Your CPA
Advice for keeping the tax return preparation process simple and cost-effective.
2019 Planning Perspective
Baird's Director of Advanced Planning considers how a divided Congress could affect your financial plans.
2019 Market Outlook
Baird's Investment Strategy Team makes the case for caution and patience in the New Year.
What Women Need to Know About Social Security
Tips for women looking to maximize their Social Security benefits.
Four Financial Resolutions (and Simple Ways to Keep Them)
Keeping a financial resolution starts with practicing good habits every day, all year long. Here’s are a few easy steps you can take to follow through on some of the most common financial resolutions:
How to Prepare for the Financial Impact of Divorce
While divorce can be overwhelming, there are ways to be proactive and take steps to maintain your financial well-being. Here are a few things to consider at key stages of the divorce process.
Don’t Let the Market Psych You Out
Understanding the way our innate tendencies affect the decisions we make can help you be a smarter investor in any environment.
Wealth Management in Real Life
Just engaged? Here’s how to financially plan ahead for marriage, a house and kids.
Getting Ahead of the Curve
In December 2008, on the heels of the Great Recession, the Federal Reserve attempted to stave off deflation by lowering interest rates to near 0%. It took seven years before the Fed would raise rates again, but now – eight rate hikes later with more seemingly on the way – most economists agree we’re in a rising rate environment.
A Smarter Way to Give
With donor-advised funds, you can respond to a natural disaster in a way that fits your broader financial plans.
Why Everyone Needs an Estate Plan – Yes, Even You
No matter where you are in your life – just starting out, a couple years into your career or planning for retirement – you can and should have an estate plan.
Don’t Put Off Your Estate Plan!
No matter the size of your family or bank account, the conversation about estate planning needs to be had.