Estate Planning

Enhancing Financial Literacy Across Generations: Baby Boomers

By Kelley Muhsemann Marketing Manager At R.W. Rogé & Company, Inc., we believe that empowering individuals with financial knowledge is crucial for building a secure future. To celebrate Financial Literacy Month, we’ve put together a series of articles that will delve into the unique financial challenges and priorities faced by different generations, providing tailored advice...
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Inheritance vs. Estate Taxes

Understanding the Difference Between Inheritance and Estate Taxes

By Steven Rogé, MBA, CFP®, AIF® Chief Investment Officer and CEO In taxation, inheritance and estate taxes are often used interchangeably, leading to confusion among individuals navigating the complex landscape of wealth transfer. However, these two forms of taxation serve distinct purposes and are governed by different rules and regulations. Let’s delve into the key...
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multi generation family

The Gift of Financial Education: Sustaining Generational Wealth

By Kelley Muhsemann Marketing Manager A study conducted by the Williams Group found that a staggering 70% of wealthy families lose their wealth by the next generation, with 90% losing it the generation after that. Another study found that 78% of wealthy individuals feel that their heirs are not financially responsible enough to handle an...
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How Life Changes Affect Your Financial Planning Needs

By Kelley Muhsemann Marketing Manager As you navigate through the different phases of life, your financial needs and priorities undergo significant transformations. From adolescence to retirement, each stage presents unique challenges and opportunities. One of the keys to financial stability and success lies in recognizing and adapting to these changing circumstances. As a fee-only financial...
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6 Essential Strategies for High Income Earners to Protect Wealth

Protecting Your Wealth: 6 Strategies for High Income Earners

By Kelley Muhsemann Marketing Manager As a high-income earner, protecting and preserving your financial resources requires a comprehensive approach. Your strategy might encompass various legal, financial, and personal considerations, as well as both proactive strategies and reactive precautions. Outlined below are several key actions and practical steps that must be taken so you can safeguard...
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Naming Beneficiaries on Retirement Accounts Under the SECURE Act

Naming Beneficiaries on Retirement Accounts Under the SECURE Act An interview with Katherine A. Southard, Esq. On December 20, 2019, Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act, and then on December 29, 2022, the SECURE 2.0 Act (the Act) was signed into law, creating major changes for IRA Beneficiaries. More...
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Financial Planning for Couples

By Kelley Muhsemann Marketing Manager The National Retail Federation estimates that 52% of American’s plan to celebrate Valentine’s Day this year, and the average consumer will spend $192.80, totaling nearly $25.9 billion in gifts. When you think about romance, personal finance is rarely what comes to mind. But whether you celebrate or not, Valentine’s Day...
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The Secure 2.0 Act: What You Need to Know

By Kelley Muhsemann Marketing Manager The Secure 2.0 Act was signed into law on December 29, 2022, and is designed to improve retirement savings options. The Act gives retirees 72 and under an extra year before having to withdraw money from their retirement accounts, but the updates can also benefit pre-retirees. Here’s what you need...
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How to Create a Charitable Giving Strategy

By Steven M. Rogé, MBA, CFP®, AIF® Managing Director & Chief Investment Officer Did you know that 37.2 million Americans live in poverty according to the Census Bureau? That is roughly 11% of all citizens in this country, even though Americans gave over $471 billion to charities in 2020, up 5% from 2019. There are...
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