The world of finance, investments, and wealth management can be hectic and is constantly changing. Davenport & Associates is here to provide content and insights to help you stay on top of the latest information and how it could affect your current plans and strategies.
2025 Retirement Income Planning Trends: Secure Your Future
Introduction: Are You Ready for Retirement’s New Reality? Imagine retiring with a $500,000 nest egg, only to find inflation and taxes erode it faster than expected. For many couples over 50 with $250K+ in assets, this fear is real—70% lack a plan to secure steady retirement income. At Davenport & Associates, we help pre-retirees and… View Article
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Irrevocable Trusts: What They Are and What They Are Used For in Estate Planning
Safeguard Your Legacy with Smart Planning Picture this: You’ve built a comfortable life with a home, savings, and investments, but the thought of high estate taxes or long-term care costs draining your assets keeps you up at night. For many Americans, an irrevocable trust could be the solution to protect your wealth and ensure it… View Article
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New Rules for Inherited IRAs: Navigating Required Distributions in 2025
Protect Your Legacy from Tax Traps Imagine inheriting your parents’ IRA, only to lose 30% to taxes because of new rules you didn’t know about. For many Americans over 50, this is a real risk in 2025. The SECURE 2.0 Act has changed how inherited IRAs are taxed, requiring most heirs to withdraw funds within… View Article
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What Is a Will/Last Will and Testament? A Simple Guide for 2025
Last week, we explored trusts in simple terms—today, let’s talk about another key estate planning tool: the will, or last will and testament. At J. Davenport Legal, we helped thousands to understand these basics to protect their families. If you’re wondering “What is a will?” or “Do I need a last will and testament?”, this… View Article
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Outliving Your Retirement Savings: Strategies to Thrive in Retirement
As Labor Day approaches on September 1st, 2025, it’s a perfect time to pause and think about your retirement. For our clients at Davenport & Associates, the fear of outliving your savings is real—51% of people worry about it. With the holiday season nearing, this blog explores why this concern matters and offers simple strategies… View Article
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Understanding Trusts: A Simple Guide to Protecting Your Legacy in 2025
Last week, we explored what estate planning is—organizing your assets and wishes for when you can’t manage them. This week, let’s dive into trusts, a key tool to make that plan work. At J. Davenport Legal, we helped thousands use trusts to keep things simple and secure. If you’re wondering “What is a trust?” or… View Article
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