Do any of these financial question marks apply to you?

Introduction to Pacific Portfolio Consulting

Introduction to Pacific Portfolio Consulting

We know that the true importance of wealth is ensuring you can spend time with those who matter most and doing more of what makes you feel fulfilled. As a firm with nearly 30 years of experience providing multi-disciplined financial guidance to individuals, families, and institutions, our team has access to a wide array of solutions with proprietary processes to create a plan and strategy focused on the best possible results—which means more time spent on what you value.

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3Q 2024 Market Letter
3Q 2024 Market Letter

TRUE GRIT

Some of you may already be familiar with the work of psychologist and popular TED talker Angela Duckworth on the concept of grit, which she refers to as “passion and perseverance for very long-term goals;” the dictionary, meanwhile, defines grit more broadly as an ability to display courage and resolve in the face of challenge.

From a pragmatic, “big picture” perspective, this could easily be making reference to the entire process of investing; certainly, this long-term practice we are pursuing together requires a healthy degree of grit from which to draw the courage, conviction, and discipline to prudently grow our clients’ wealth in pursuit of their – of your – most important long-term goals.

Take Control of Your Finances: Celebrate Financial Literacy Month with These Essential Tips!
Take Control of Your Finances: Celebrate Financial Literacy Month with These Essential Tips!

Financial literacy is vital for everyone, as it involves having a working knowledge of money management. Without essential financial skills like budgeting, investing, and retirement planning, life can become much more difficult. Financial Literacy Month provides an opportunity to prioritize financial literacy and take advantage of resources to improve your financial situation now and in the future. Here are 6 tips to help you get started.

WASHINGTON STATE CAPITAL GAINS TAX
WASHINGTON STATE CAPITAL GAINS TAX

The Washington State Supreme Court has ruled that the excise tax on capital gains is constitutional and valid. As such, the Department of Revenue will continue collecting the tax which is due April 18, 2023. A filing extension will be granted if the taxpayer files a federal extension and requests a Washington extension prior to the original due date, but the tax must still be paid in full by April 18th (April 15th in future years). Any tax paid after that date is subject to a late payment penalty of up to 29% of the tax due.

How to Eliminate Debt
How to Eliminate Debt

Not all debt is bad, but reducing the debt you have can give you more options both now and later. Are you curious about what key strategies you can deploy to reduce your debt? Keep reading to learn about effective debt reduction strategies and solutions.

2023 Limits
2023 Limits

The tax law places limits on the dollar amount of contributions to retirement plans and IRAs and the amount of benefits under a pension plan. IRC Section 415 requires the limits to be adjusted annually for cost-of-living increases. The following table presents various limits adjusted for 2023 that you might be subject to.

Secure 2.0 Act of 2022
Secure 2.0 Act of 2022

We welcome the New Year with a new law aimed at changing the way we think about retirement savings. President Biden signed the SECURE 2.0 bill on December 29, 2022, making the retirement package law. The package includes 90+ new provisions, including those designed to broaden access to workplace retirement plans and raise the age when required minimum distributions begin. Here are the top 10 takeaways we want you to be aware of.