Second Quarter Review: Sometimes Less Is More

Sometimes less is more. We all know the saying, but seeing it effected in life—through art, sport, business, parenting, gardening—is the exception rather than the rule. Imagination more frequently bends towards complexity. With that in mind, we endeavor to make this quarterly review more compact and to share some thoughts near the end about simplifying […]

First Quarter Review: Bank Stress and The Case For Private Lending

Most of us, thankfully, only know what a bank run looks like from movies and television, most famously from the film It’s a Wonderful Life, a holiday staple of broadcast television in the past.  George Bailey (played by Jimmy Stewart), desperate as a young man to leave his hometown of Bedford Falls, is waylaid in […]

Bank Account Hygiene

The announcement today that the FDIC has become the receiver for Silicon Valley Bank is a useful reminder that significant bank failures occasionally do occur and that as depositors we all should pay mind to the $250,000 ceiling on FDIC insurance. We recommend that clients keep each account below the insured ceiling at their banks […]

Key provisions of SECURE Act 2.0

Just over three years ago Congress passed the most consequential retirement law in decades. Among other things, the original SECURE Act of 2019: Made retirement plans more accessible to more people. Increased the potential tax benefits of saving inside a qualified plan by raising the age when required minimum distributions (RMDs) kick in. Eased concerns […]

Cameron Barsness Named to 2023 Top Women Wealth Advisors Best-In-State for Washington

Seattle, February 23, 2023—Kutscher Benner Barsness & Stevens principal Cameron Barsness was named among the Top Women Wealth Advisors Best-In-State for Washington in a 2023 list of advisors compiled by Forbes in partnership with SHOOK Research, which is the only advisor ranking firm to focus on quality. This is the seventh annual list of Forbes/SHOOK […]

2023 Gift and Estate Tax Exemptions

Gift and estate taxes apply, in certain cases, to large gifts made by a person during their lifetime or by their estate after their death. One critical purpose of financial planning is minimizing the impact of gift and estate taxes. Every year, the IRS adjusts amounts exempt from federal gift and estate taxes to consider […]

2022 Year in Review & Investment Landscape

The turn of the year marks the start of many rituals. In our financial planning practice, we report to clients and their tax accountants about their investment income and expenses in the previous year. And of course, we write letters like this one summarizing the year past in financial markets and giving reflections and observations […]

Client tax information for IRS estimated payments due January 17

This year January 15 falls on a Sunday, and the next day we recognize the birthday of Dr. Martin Luther King, Jr. This shuffles the IRS’ due date for estimated tax payments to Tuesday, January 17. Payments due are for the period September 1 to December 31. (Yes, that’s not a calendar quarter! Here’s a […]

Cameron Barsness Published in Green Money Journal

KBBS Financial principal Cameron Barsness was published in the December 2022 issue of Green Money Journal. Her article, “Building Trust Through Authenticity,” includes personal examples across four categories: care, sincerity, reliability and competence. Cam writes: “To serve clients well, we must gain their trust. We then nurture and maintain that trust by delivering outstanding client experiences in […]