Team Hewins

We are often asked, "What should I know about divorce in California?" or "How does California split assets in a divorce?". Please know that you are in control of much of the situation, so the more you know now, the more prepared you will be for your post-divorce financial future. Remember, #California is a community property state. That means that any assets or debts acquired during a marriage belong equally to both spouses and will be divided accordingly unless otherwise stated in a prenuptial agreement or by inheritance. Understanding the distinction between community and separate property is essential. Seek guidance from a family law attorney to navigate this intricate process. Read more: https://hubs.ly/Q02W06zC0 #HolisticFinancialPlanning #FinancialWellbeing #ClientsFirst

May your heart be filled with happiness and your home be filled with love— we are deeply thankful for you. Happy #Thanksgiving from the Team Hewins family.

Feeling overwhelmed by the holidays and the market ups and downs? You're not alone. Shelby Miller, CFP® can help you focus on what really matters: your goals and #wellbeing. Together, you'll create a roadmap to reach your goals, tune out the day-to-day market volatility, and achieve financial confidence. Get to know Shelby Miller, CFP®, Financial Advisor at Team Hewins, and learn how she can guide you toward financial wellbeing. Visit her bio here: https://hubs.ly/Q02VTTNY0 #FinancialPlanning #FinancialWellbeing #ClientsFirst #TaxEfficiency #WealthPlanning

If you’re considering high-net-worth financial planning, you’ve probably already accumulated significant assets. While that’s a major milestone in itself, it’s not quite the end goal of your personal financial journey. Now it’s time to maximize and protect those assets to ensure a strong financial future for you and your family. The more wealth you’ve built, the more complex your financial needs probably are, and the more difficult it can become to handle them yourself. But how do you know when you’ve reached that point? Even if you have a solid grasp of personal finance, by working with a financial advisor you will be able to identify high-net-worth financial planning strategies you either haven’t pursued or haven’t thought of. If you’re still on the fence about whether to partner with a financial planner, consider these data points: ◘ Vanguard estimates that financial advisors add an average of 3% in net returns per year for clients. ◘ In a survey from Northwest Mutual, 66% of respondents with a financial advisor said they felt financially secure, compared with just 30% of those who didn’t have a financial advisor. ◘ 70% of respondents working with a financial advisor said they were happy with their life, compared with just 50% of respondents who didn’t work with a financial advisor. ◘ Another study from Northwestern Mutual found that financial advisors are the #1 most trusted source of financial advice, above spouses, family members, business news, and others. ◘ Research from the Certified Financial Planner Board of Standards found that 73% of those working with a CERTIFIED FINANCIAL PLANNER™ professional felt prepared for a potential recession. Interested in learning more? Read our blog here: https://hubs.ly/Q02W0zdj0 #FinancialPlanning #FinancialWellbeing #ClientsFirst #TaxEfficiency #WealthPlanning

Last month, we observed Cybersecurity Awareness Month, and given the importance of this topic, we wanted to share additional information on how to protect yourself against today's top 5 scams. Scammers have become more sophisticated, using technology and social engineering to deceive even the most cautious. Our latest article reviews the top 5 scams you need to watch out for—from convincing bank impersonations to insidious online dating schemes. Learn practical steps to safeguard your finances, secure your digital presence, and stay ahead of fraudsters. Read more: https://hubs.ly/Q02YKlvX0

Preparing for #retirement is a top priority. Deferred compensation plans offer a convenient way to build your financial future. But which one is right for you: a non-qualified deferred compensation (NQDC) plan or the trusted 401(k)? Let's explore the key differences! 🔒 Security: Both plans keep your assets separate from your employer's, ensuring protection even in uncertain times. 💰 Tax Savings: Both offer tax advantages, reducing your current tax liability. 🏦 Retirement Security: They enhance your retirement income, but you should consider other options first, such as maxing out your 401(k) or Roth IRA. 📊 Customized Planning: Tailor your contributions to your needs and goals with both plans. 🤝 Employee Retention: Employers offering NQDC plans retain top talent and inspire loyalty. 🚀 Contribution Limits: NQDC plans often allow higher contributions than 401(k)s. 🚫 Early Withdrawal Penalties: Both plans may have penalties for early withdrawals, so plan carefully. #RetirementPlanning #FinancialPlanning #HolisticFinancialPlanning #FinancialWellbeing #ClientsFirst #WealthPlanning

Get to know our clients and learn how our personalized support has impacted their journey to financial wellbeing 🧡 Thanks to Karl Schwartz, CPA, CFP®, and Rachael Grattan, CFP®’s support, their client can feel empowered about his financial goals and investment strategies. Our team approach makes your life easier because we’re here for you every step of the way making your financial goals a reality. ↳Ready to take control of your financial future? Let's talk: https://hubs.ly/Q02W0L_z0 #FinancialPlanning #HolisticFinancialPlanning #FinancialWellbeing #ClientsFirst #WealthPlanning

While losing a spouse or a loved one is never easy, it doesn’t have to feel overwhelming, either. With support from close friends, family members, and professionals who offer financial help for widows, you’ll likely feel more at ease in the moment and in control of your future. Planning for your financial future after your spouse’s passing can feel intimidating, but you don’t have to go it alone. Read our advice on navigating this difficult time: https://hubs.ly/Q02W0n4N0

Inflation, elections, and market moves—what does Trump's return mean for the economy and your investments? 🤔 Our Chief Investment Officer, John Bussel, discusses what the presidential election results mean for your portfolio and the Fed’s latest rate shift in this new chapter. Election 2024 is over, but the story begins! Read more in our Mid-Quarter Update: https://hubs.ly/Q02Ydy-k0 #Money #Trends #Investing #Diversification

Even for young adults in good health, a solid estate plan is essential. Read on to learn which documents they need, why they matter, and what to keep in mind: https://hubs.ly/Q02VtB0V0