Comparing College Savings Tools: 529 Plans, Trust Accounts, and UTMA/UGMA Accounts
Saving for college is one of the most significant financial goals for families. With the cost of higher education steadily rising, many parents and guardians are seeking effective ways [...]
Secure Act 2.0
The Secure Act 2.0 was signed into law in 2022 to improve employer retirement plans and encourage employee participation. These types of plans include 401(k)s, 403(b)s, Simple IRAs, and [...]
Wealth Transfer
Transferring wealth is more than just a financial transaction; it’s an art that involves careful planning, clear communication, and a deep understanding of your values. As baby boomers approach [...]
If It’s Too Good to Be True, It Probably Is!
Unfortunately, Greystone Financial Group has heard from several clients that they have been tricked by sophisticated scam artists. Financial scams targeting senior citizens are an increasing concern, affecting millions [...]
Spring Cleaning for Your Finances: Refresh and Revitalize Your Financial Life
Now that spring is here, it’s the perfect time to rejuvenate not just your home, but also your finances. Just as you declutter your living space, it’s essential to [...]
AI Reshaping Finance: Decoding Key Concepts for a Transformative Future
In 2023, Artificial Intelligence (AI) has become a pivotal force in the stock market, notably with the unexpected emergence of ChatGPT in November 2022. This sparked a rush of [...]
Traditional vs. Roth 401(k) contributions: What holds my best interest?
Existing and newly eligible employees face a difficult decision when managing their retirement and deciding what type of 401(k) contribution will hold their best interest. Most employers have added the [...]
The US National Debt Ceiling: Navigating the Challenges of Fiscal Responsibility
As the United States grapples with its national debt, the issue of the debt ceiling has emerged once again as a critical concern. Established during World War I in 1917, [...]
Community Outreach: Howell Senior Survivor Playground Fundraiser
Greystone Financial Group was a proud sponsor in the fundraising efforts for the Howell Senior Survivor Playground, which began development in the Spring of 2021. We are happy to [...]
Does a Professional Trustee make sense for your Estate Plan?
Long-time clients of Greystone Financial Group know that we encourage our clients to have an Estate Plan. This can include a Will, Trust, Durable Powers of Attorney and Medical Powers. [...]
Unpacking SECURE Act 2.0…continued
Last month we highlighted some of the changes in store after the SECURE Act 2.0 was signed into law in December 2022. As part of SECURE Act 2.0, workplace savings [...]
SECURE ACT 2.0 and the Future of Retirement Savings
On December 29, 2022, the SECURE (Setting Every Community Up for Retirement Enhancement) Act 2.0 (“SECURE 2.0”) was signed into law. The new act which builds on the SECURE Act of [...]
Creative ideas to reduce your personal tax liability
As December rolls around, many people shift focus away from their day to day lives and turn their attention towards the holidays. It is the season of giving, spending time [...]
Important tax related due dates and deadlines for the remainder of the year (2022)
As the end of the year marches ever closer, life can get overwhelming. It is easy to forget our tax obligations as year-end work deadlines, holiday shopping, celebrations and other [...]
When to invest?
This has been a very popular topic of discussion over the last two years. Everyone of us remembers 1st Quarter 2020 when Covid-19 emerged and devastated the world. The S&P [...]