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.
56% of Americans Have No Estate Plan. Here Are the 5 Documents Every Family Needs.
By John F. Davenport, Esq. | Davenport & Associates, Norwalk, CT | April 20, 2026 According to the 2026 Trust & Will Estate Planning Report, 56 percent of American adults have no estate planning documents whatsoever. No will. No trust. No power of attorney. No healthcare proxy. Nothing. That number has barely moved in years…. View Article
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The New $6,000 Senior Tax Deduction: What Every Retiree Needs to Know
By John F. Davenport, Esq. | Davenport & Associates, Norwalk, CT | April 16, 2026 If you are 65 or older, there is a new senior tax deduction that could save you hundreds of dollars on your federal return, and most retirees do not know it exists yet. The One Big Beautiful Bill Act, signed… View Article
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Is Your Old Estate Plan a Time Bomb? Why Credit Shelter Trusts May Be Costing Your Family
By John F. Davenport, Esq. | Davenport & Associates, Norwalk, CT | April 13, 2026 If your estate plan was written before 2018, there is a good chance it contains a provision that was once considered essential but is now, for most families, doing more harm than good. It is called a credit shelter trust,… View Article
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Americans Think They Need $1.46 Million to Retire. Here Is What You Actually Need.
By John F. Davenport, Esq. | Davenport & Associates, Norwalk, CT | April 9th, 2026 Northwestern Mutual just released their 2026 Planning & Progress Study, and the headline number is getting a lot of attention: Americans now believe they need $1.46 million to retire comfortably. That is up more than 15 percent from last year… View Article
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Long-Term Care Costs in 2026: How to Protect Your Assets Before Medicaid Rules Change
By John F. Davenport, Esq. | Davenport & Associates, Norwalk, CT | April 7, 2026 Nobody plans for a nursing home. And then one day, it becomes the only conversation that matters. The average semi-private nursing home room in the United States now costs $114,975 per year. In Connecticut, that number is significantly higher. And… View Article
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Inherited IRA 10-Year Rule in 2026: What Every Beneficiary Must Do to Avoid the 25% Penalty
If you inherited an IRA from a parent, spouse, or loved one after January 1, 2020, the rules changed significantly, and many beneficiaries have no idea. The IRS finalized regulations in 2024 that clarified a critical point: if the original IRA owner had already begun taking Required Minimum Distributions (RMDs) before they died, you as… View Article
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