Let’s start with a hard truth: you don’t actually own all the money in your pre-tax retirement accounts (think IRAs and 401ks). Yes, most of it is yours, but the rest belongs to Uncle Sam. He’s waiting patiently for when you begin taking distributions (or pass it on mostly untouched to your spouse or kids), […]Read More
The IRS may be switching up the regulations for inherited IRAs once again. If it feels like playing a game with a friend who changes the rules as they go, trust your instincts. And unfortunately, like playing with your “clever” friend, these new rules aren’t designed to benefit you. Here’s the scoop. On February 23, […]Read More
We don’t have to explain why the yogurt in the back of your fridge expired. And we’re all pretty clear on why you shouldn’t eat it. But what’s wrong with an expired financial plan? How much damage could it really do? An expired financial plan won’t give you a case of food poisoning, but its […]Read More
Like many retirees or soon-to-be retirees, you’re probably hoping to pass on a little financial cushion for your heirs. But what you’re not planning to pass on—tax liability—could sneak in there anyway. That’s because without IRA tax planning, you might inadvertently leave that burden to your heirs. With recently passed legislation and proposed changes that […]Read More
When you open your IRA statement, it’s hard not to feel excited when you see the number with all those zeroes behind it. But you know who else is excited? Uncle Sam. That’s because within all those zeroes is a debt he can’t wait to collect. When you take distributions from your IRA or other taxable accounts, that money will […]Read More
Figuring out how and when to elect Social Security can be downright puzzling, especially when it comes to ensuring you’re maximizing what you’re entitled to. Good thing a retirement planner knows what to do. And it all starts with the development of a personalized plan for how you’ll make every dollar go the distance. Why You Need a Strategy First, […]Read More
A report from the not-for-profit Insured Retirement Institute found 50% of boomers—including those who currently have a financial advisor—don’t feel optimistic about their transition to retirement. If you’ve ever worried whether you’ll have enough money in retirement, then you probably know the feeling well. What’s driving the apprehension and what can be done to boost […]Read More
Planning for retirement vs. planning in retirement. What’s the difference, you ask? If the question has you picturing Fred Astaire and Ginger Rogers crooning “to-may-to, to-mah-to, po-tay-to, po-tah-to,” we don’t blame you. But unlike Fred and Ginger, we really are talking about two different things. Everyone understands the need to plan for retirement. But for some folks, it’s news that the planning doesn’t stop once you get there. In […]Read More
Secret #1: Financial Planners rarely, if ever, consistently beat index returns after netting out their fees You know that friend or relative who’s always telling you they’ve “got a guy” who can deliver outsized returns? Well, it’s a good thing if you’ve been skeptical of their claims, because almost no financial planner can consistently beat the market. Why? Because they’re human. Very […]Read More
Find Out What Makes Us Different from a Financial Advisor For most people, the financial services industry can be downright intimidating. With all the jargon and complexities, it’s no wonder some folks don’t feel comfortable asking even the most basic questions. That’s why today, we’re going to tackle one of those questions: what is a […]Read More
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