Blog, Commentary, And News

Maximizing Generosity: Understanding Annual Gift Exclusions and Strategies

By Cary Stamp \ September 25, 2023

In a world where financial planning plays a pivotal role in securing the future of our loved ones, questions about gifting often arise. How much can you give to your children and grandchildren without worrying about gift taxes? The answer is straightforward, but the intricacies surrounding it can significantly impact your ability to provide for…


Secure Your Retirement: Qualified Longevity Annuity Contracts

By Cary Stamp \ August 15, 2023

In an era where retirement planning has become increasingly complex, individuals are searching for ways to secure their financial future and ensure a comfortable life during their later years. One innovative tool that has gained prominence in retirement planning discussions is the Qualified Longevity Annuity Contract, or QLAC. Designed to address the challenges posed by…


The In-Service Withdrawal Strategy Explained

By Cary Stamp \ July 31, 2023

Learn how to gain more control over your retirement planning with the little-known but powerful in-service withdrawal strategy! Cary Stamp shares insights on how you can utilize this technique to unlock a world of investment possibilities, reduce fees, and even convert traditional retirement funds to tax-free Roth IRA accounts. Watch now and take charge of…


Looking Back at 2022, with Best Wishes for a Wonderful Holiday Season.

By Cary Stamp \ December 20, 2022

With a new year on the horizon, many of us will be glad to look at 2022 in the rearview mirror. While this year has provided challenges, I think it will also set up some opportunities in the year ahead. I thought this might be a good opportunity to share some updates on the firm…


How to Maximize Fine Art Donations to Charities

By Cary Stamp \ December 14, 2022

Forbes Best-In-State Wealth Advisor, Cary Stamp, CFP®, combines his passion for fine art with decades of financial knowledge to share key issues involved in donating fine art to charities. There are some details that make all the difference. TRANSCRIPT: One of my passions is the art world and understanding art. And I like to couple…


Have College-Aged Kids and Family Income Higher than $160,000? These Tax Credits are for You.

By Cary Stamp \ October 18, 2022

Tax Credits for College-Aged Kids You may be making a mistake if your kids are college-age and you’re not taking advantage of the American Opportunity Tax Credit and Lifetime Learning Credit. In this video, Forbes Best-In-State Wealth Advisor, Cary Stamp, CFP®, provides an overview of these two significant tax credits available to families with more…


What You Need to Know About the Inflation Reduction Act of 2022

By Cary Stamp \ August 23, 2022

Here’s Cary’s quick summary of key takeaways from the Inflation Reduction Act signed by the president last week, with emphasis on how it may affect you and your family. Recently, the US Congress, House and Senate and Joe Biden signed off on legislation called the Inflation Reduction Act of 2022. The act has a bunch…


How Long Will it Take to Double Your Investment? The Rule of 72

By Cary Stamp \ August 6, 2022

The Rule of 72 is a simple arithmetical equation approximating how long to double your investment at an annual rate of return. In this video, Cary Stamp, CFP® and financial analyst Austin Kuyrkendall explain the power of investing your assets over the long term at a higher rate of return, using the Rule of 72.…


Have You Accumulated a Substantial Amount of Company Stock as an Employee? Here’s How to Make the Most of It!

By Cary Stamp \ July 23, 2022

Forbes Best-In-State Wealth Advisor, Cary Stamp, CFP® of Jupiter, FL, illustrates the huge tax advantage of using the Net Unrealized Appreciation strategy when distributing your employee-owned stock. TRANSCRIPT: My name is Cary Stamp. I’m a certified financial planner and founder of Cary Stamp & Company. And if you are an employee of a large corporation…


Learn the One Big Caveat About the Backdoor Roth: the Pro-Rata Rule

By Cary Stamp \ May 20, 2022

Here’s the big question to ask yourself before starting a “backdoor” Roth IRA strategy. Do you already have other IRAs? In this video, Forbes Best-In-State wealth manager Cary Stamp, CFP® explains how the Backdoor Roth Pro-Rata Rule impacts the tax efficiency of the backdoor Roth IRA, and provides the potential solution! TRANSCRIPT: I’m Certified Financial…