|
Hello, If you inherited a house tomorrow, would you sell it or keep it?
What if you inherited $1M instead?
How much would you invest versus spend, and what would you invest in?
Many of us lack a plan for inheritances, whether we’re giving or receiving.
And that can be a major roadblock to building generational wealth. 
Planning today can help your family work together toward a shared legacy and a stronger financial future.
While strategies may differ across generations, alignment on the big picture is key.
So, what does it take to connect the dots across generations and get everyone on the same page?
Answering that question is the focus of this month's Visual Insights Newsletter.
Click here to check it out!
Legacy planning isn’t just for older generations. Engaging everyone can preserve not just wealth, but also invaluable financial knowledge and habits.
Discover wealth-building strategies for every generation by clicking here.
Sincerely,
Your Eagle Wealth Team
P.S. Has a lack of planning ever caused you problems? What would you do differently? Hit “reply” and share your story—we’d love to hear your thoughts. |
|
|
| | Important Update:
BOI Reporting Back in Effect
Due to a recent decision made by the U.S. District Court for the Eastern District of Texas, beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are once again back in effect.
The Financial Crimes Enforcement Network (FinCEN) also intends to initiate a process this year to revise the BOI reporting rule to reduce burden for lower-risk entities, including many U.S. small businesses.
Deadline Extension: FinCEN has extended the BOI reporting deadline to 30 calendar days from February 19, 2025, for most businesses. - For the vast majority of reporting companies, the new deadline to file an initial, updated, and/or corrected BOI report is now March 21, 2025.
- Companies that were previously given a reporting deadline later than March 21, 2025, must file their initial BOI report by that later deadline. For example, if a company’s reporting deadline is in April 2025 because it qualifies for certain disaster relief extensions, it should follow the April deadline.
Basic Requirements:
Under the Corporate Transparency Act, your company must report: - Company Information: Legal name, address, jurisdiction of formation, and tax identification number
- Beneficial Owner Information: For each beneficial owner (individuals who own 25% or more of the company or exercise substantial control):
- Full legal name
- Date of birth
- Current residential address
- Unique identification number (such as passport or driver’s license)
- Company Applicant Information: For companies formed after January 1, 2024, details about individuals who filed formation documents
Be Aware of Scams: FinCEN issued a public alert on December 18, 2024, to raise awareness of fraud schemes abusing FinCEN’s name, insignia, and authorities for financial gain—including scams that exploit beneficial ownership reporting. Learn more about these schemes and where to report them here.
Red Flags of Fraudulent Correspondence include: - References to “Form 4022” or “Form 5102.” FinCEN doesn’t have forms by these names.
- Documents referencing a “US Business Regulations Dept.” There is no government entity by this name.
- Payment requests. There is NO fee to file BOI directly with FinCEN.
Next Steps:
Our firm will not be involved in this reporting. To ensure your timely filing, please: - Identify all beneficial owners of your company
- Gather required identification documents
- Access the FinCEN website to file the report: https://fincen.gov/boi. Reporting companies can report their BOI directly to FinCEN, free of charge, using FinCEN’s E-Filing system available at https://boiefiling.fincen.gov.
We recommend starting this process early to ensure compliance with the new deadline. Penalties for non-compliance can include civil penalties of up to $500 per day and potential criminal penalties.
Source: https://fincen.gov/boi |
|
|
|
|
The recently imposed tariffs could have inflationary effects, but it's not guaranteed they will lead to broad, lasting price hikes. Any price increases from tariffs would likely be temporary, acting more like a one-time tax.
If higher prices do emerge, they could lead to reduced consumer demand and slower economic growth, which could actually pull inflation down in the long run. Click here to read more about Tariff Tension: How Global Levies May Impact Portfolios.
So, while tariffs might cause some short-term inflation, the overall long-term effect could be deflationary. Please feel free to reach out if you'd like to discuss any of the topics in this article as they relate to your investments. |
|
|
Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice. The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results. The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the NASDAQ stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general. U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors. International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility. Please consult your financial professional for additional information. This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security. Copyright 2025 FMG Suite. |
|
|
|
|
|
