March 6, 2014
When a client of Convergent Wealth Advisors receives their performance report, our hope is that the document helps to tell a story. From the very broad to the very specific, the performance report is meant to give our clients an idea of how their portfolio has performed at every level-from the... read more
March 5, 2014
Virginia’s Technology Corridor Keeps Growing
I didn’t see any tears, but the emotion was undeniable. Mach 37 has graduated its first start-ups. For those not familiar with the organization, Mach 37 is the Center for Innovative Technology’s (CIT) cyber security accelerator. Four companies presented... read more
February 11, 2014
If 2013 was a boom for stocks, January was a blip. The S&P 500 posted its first monthly loss since August of last year, and worst month since May of 2012. A stock market correction (if this even formally turns into one) is usually uncomfortable and to some degree unavoidable for active... read more
February 5, 2014
Think bigger before you create your irrevocable trust.
Clear intentions. Stellar execution. Poor results. What happens when “good” beneficiaries of an irrevocable trust turn “bad?” And, is there anything a grantor (typically a parent) can do to help or change identified beneficiaries after the... read more
January 31, 2014
The beginning of a new calendar year brings hope for a better life. This is the time of year where we all reflect on where we are in life and vow to improve ourselves. The goal for all is to simply identify the problem (my belt is shrinking) and implement a solution (eat better, exercise more, or... read more
January 22, 2014
Emerging market equities have become the equivalent of uninvited guests for many Wall Street pundits. While most forecasters concede the long-term fundamental attractiveness of emerging market economies, the consensus suggests that now is the time to expel these party crashers from investment... read more
January 14, 2014
That's a wrap. Believe it or not, 2013 was great year for some asset classes (developed equities, in particular) and tough on others (emerging markets, bonds, and commodities). What will 2014 bring? Our outlook is perhaps best illustrated by reviewing our current positioning.
We continue to feel... read more
December 30, 2013
To wrap up the tax planning portion of our year-end planning tips, we will take a look at contributions to retirement plans, and estimated tax payments.
From the previous blog, we learned of all the different tax rates, including the income tax rates. Contributions to retirement plans are made on a... read more
December 27, 2013
Transitioning from estate planning to income tax planning, there are different types of tax rates to keep in mind.
First is net investment income tax. Under the Affordable Care Act of 2010, a new 3.8% net investment income tax applies to “unearned” income, including income from interest, dividends... read more
December 26, 2013
We continue reviewing estate planning tips with GRATs and reviewing existing estate plans.
A GRAT is a “Grantor Retained Annuity Trust.” In other words, if a grantor transfers property to a GRAT, this is designed to allow the grantor to gift assets to beneficiaries (such as children) in a tax-... read more
December 24, 2013
Continuing the focus on year-end estate planning, we come to different types of “gifts” that we believe can be made to optimize your tax exemptions.
First, let’s take a look at annual exclusion gifts. The annual exclusion against gift tax is $14,000 per donee. This amount will remain unchanged in... read more
December 23, 2013
It’s the end of the year and therefore a good time to make sure you are set with your 2013 tax and estate planning goals. This year-end blog series is designed to provide helpful tax tips, give you food for thought for year-end planning, and possibly spark some conversations between you and your... read more