Have You Considered a Cash-Balance Plan?
Category: Financial Planning
Many business owners are looking for more tax-friendly ways to save for retirement. A cash balance plan could be the answer.
Celebrating Saying Goodbye Day
In our family, we have a tradition in which, the night before our kids’ birthdays, we pause for a moment to recap the last year by reminiscing about their successes and failures. It dawned on me that these are the same feelings investors experience and learn from on their financial journeys.
Debt- A Useful Tool or Financial Burden
Category: Financial Planning
After 30 years of helping people think about all aspects of their financial plan, here are some thoughts on personal debt.
Webinar Replay: Secure Act Q&A
Category: Financial Planning
Kent Kramer and Zach Dalluge answer some important questions about the Setting Every Community Up For Retirement Enhancement Act (SECURE Act) of 2019.
CARES Act Q&A
Category: Financial Planning
Kent Kramer and Zach Dalluge answer some important questions about the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
August 21, 2020 Financial Perspectives
Category: Financial Planning » Behavioral Finance
0:50 - In the News: August 10th - August 21st
2:46 - What Is “Aseasonality” and Why Can It Lead to Impatience?
4:30 - Historical Disruptions
5:50 - Behavioral Biases: Why Does This Seem So Bad?
Webinar: Navigating The Proposed Tax Changes
Category: Financial Planning
There are a lot of unanswered questions about the newly proposed tax bill under the current administration. In this webinar, we explored the implications of the new proposals on your finances.
Pay Me Now or Pay Me Later | Financial Perspectives (In a Minute)
While this year has had its share of negative financial news, there might be one opportunity to pay some taxes now in order to save some money on taxes later. This week, Kent Kramer walks us through Roth IRA conversions.
Don’t Leave Your Last Round to Chance
Category: Financial Planning
I certainly would argue that building a business is more than just a dice game, but both involve risk. How you fill out your scoresheet in Yahtzee is a good example of what business owners might decide to do with their business profits.
Water Cooler Advice May Be All Watered Down
Category: Financial Planning
While executive benefits such as stock options, other equity compensation, and deferred compensation can be powerful accumulation tools, knowing how they fit into your overall financial picture can be challenging.
Spending That Can Wreck Retirement
Category: Financial Planning
In more than a decade of working with clients, I’ve discovered that one thing tends to do more damage to financial plans than any other.
Iowa Income Tax Changes Have an Impact in 2022
Category: Financial Planning
One of the significant changes in the tax reform bill signed by Governor Reynolds on March 1, is the eventual elimination of federal tax deductibility for determining taxable income. Iowa was one of the few remaining states that allowed taxpayers to deduct federal taxes to determine their state income taxes.
Three Commonly Missed Opportunities by Executives
Category: Financial Planning
I’ve had the opportunity to work with a number of executives over the years and have found some commonly missed financial opportunities.
Navigating the Noise: A Reality Check on Fearful Headlines
Category: Financial Planning
Sometimes headlines are right, but remember they are created to get your attention, not necessarily to provide you with helpful information.
The Three To-Do’s in the Fourth Quarter
Category: Financial Planning » Cashflow
The beginning of the fourth quarter is a great time to check-in on your finances and make sure you consider planning opportunities before the end of the calendar year. Read this blog to see my top three priorities when it comes to fourth quarter planning.
How to Use Your Deferred Compensation Plan
Category: Financial Planning
For most of us, it’s that time of the year when we make benefits elections for next year. These are important decisions.
Psychology and Wealth
Category: Financial Planning
The different ways people react to and treat wealth and finances is fascinating. Although not everyone can be put in a box, there are five main personality types when it comes to psychology and wealth: Neuroticism/Emotional Stability, Conscientiousness, Agreeableness, Extraversion, and Openness.
Tailoring Your Financial Plan to Match Your Goals
Category: Financial Planning
If you are a client of Foster Group and have met with your advisor recently, you may have discussed what’s important to you, what we are planning for as it relates to your goals, and what you hope to achieve.
Navigating Financial Health in Retirement
Category: Financial Planning
Planning for retirement is the journey of a lifetime – a marathon, not a sprint. But what happens after you cross the finish line? Read on for more on the art and science of navigating life after the working world.
Helping Others Grieve
Category: Financial Planning