Estate planning is essential for ensuring your assets are distributed according to your wishes. One of the most effective tools in estate planning is a trust. Trusts in estate planning allow you to pass on wealth, protect assets, and potentially reduce taxes. However, with so many types of trusts available—such as Medicaid Asset Protection Trusts […]
Deciding when to claim Social Security survivors benefits is not one-size-fits-all. The best strategy depends on your personal benefit amounts, age, and financial situation. By using survivors benefits strategically, you can maximize your total lifetime Social Security income and secure a stronger financial future.
While they promise consistent vacations and luxurious amenities, timeshares also come with significant costs and complexities.
Understanding financial advisor fees empowers you to make informed decisions. Seek out advisors who are transparent, act as true fiduciaries, and align with your financial goals. Remember, value matters more than just the cost—choose wisely!
Your 40s are the perfect storm. A bunch of decisions come together all at once and you’ll have to navigate it the best you can. By now you probably have a well-established career. Home remodels and home repairs creep up on you or maybe you’re looking to buy a new home. Your parents are aging and […]
Introduction Like most Americans you might have found yourself in a substantial amount of debt. In fact, the household debt in the U.S. reached a record 16.9 TRILLION dollars in 2022. While your debt might seem like an unscalable mountain in the distance, having the proper plan will make it closer to a walking in […]
Introduction Capital gains tax can be a confusing and costly issue for most Americans. It is easy to misunderstand your full tax liability and a lot of us over or under pay your taxes. Knowing the ins and outs of dealing with capital gains can save you time and money. How Tax Brackets Work Before […]
Have you ever thought about selling your rental and reinvesting the proceeds in another property? If so, you may be able to avoid paying capital gains taxes on the sale of your original property by completing a 1031 exchange. Named after section 1031 of the US Tax Code, this strategy is commonly used by investors […]
Introduction Hey, future retirees! Are you feeling a bit nervous about actually using those hard-earned savings? We know it can be stressful, but guess what? With the right retirement withdrawal strategy, you can make that money last longer than you ever thought possible. It's all about learning how to tap into your assets in the […]
What is a Roth Conversion? A Roth conversion is a financial maneuver that can be beneficial for tax savings. Essentially, it involves converting money from certain retirement accounts such as Traditional IRAs and 401(k)s into Roth IRAs. This allows the money to grow tax-free since they are already after-tax contributions. By doing this, individuals can […]
White Cloud Wealth Management is a financial planner that always puts your goals and needs first. Our team works to create a customized plan to guide you to retirement for yourself or business.
White Cloud Wealth Management is an affiliate advisor of Clear Creek Financial Management. Clear Creek Financial Management, LLC is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Clear Creek Financial Management, LLC and its representatives are properly licensed or exempt from licensure. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Clear Creek Financial Management, LLC unless a client service agreement is in place.
