The Invisible Tax
Category: Financial Planning » Retirement Planning
One of the things married couples often do not consider in their planning is what I like to call the “Invisible Tax.”
Are You Really Ready to Exit Your Business?
Category: Financial Planning » Retirement Planning
It’s one thing to turn in the office keys and ride off into the sunset as a former W-2 employee, but what about those who started and built businesses?
What Can You Do Before the 2021 Tax Deadline?
Category: Financial Planning » Retirement Planning
Even though the 2020 calendar year ended, it doesn't mean the tax year has completely ended. There are a handful of items to consider before the April, 15th tax filing deadline.
What Can You Do Before the 2021 Tax Deadline?
Category: Financial Planning » Retirement Planning
As you wait for those semi-warm days of spring, there are a few things you can do between now and April 15th connected to your 2020 tax return.
Planning for Retirement? Practice Could Make Perfect
Category: Financial Planning » Retirement Planning
Retirement isn’t a reward you one day receive at random. It’s not something you jump into without a thought in mind. You work up to this day with purpose, precision, and dedication.
Don’t Leave Your Last Round to Chance
Category: Financial Planning » Retirement 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.
Webinar: Creating Your Paycheck in Retirement
Category: Financial Planning » Retirement Planning
Joe Bantz and Jason Brown discuss strategies for tapping into your portfolio during retirement.
Alphabet Soup
Category: Financial Planning » Charitable Giving
Many industries use acronyms. Financial services are no different: QCD, RMD, DAF, and IRA to name a few. They each have their own rules and guidelines. We enjoy working with clients on a daily basis to help make sense of these terms.
Mega Backdoor Roth IRAs: What You Should Know
Category: Financial Planning » Retirement Planning
A mega backdoor Roth is a great option to quickly build a tax-free bucket of money for individuals who have maxed out other retirement savings vehicles, still have surplus to be invested, and have a 401(k) plan that allows for this strategy. Consider this an additional tool in your toolbox.
Webinar: ThanksGIVING
Category: Financial Planning » Charitable Giving
Available on demand now, our ThanksGIVING webinar on charitable giving tactics. In this 30 minute webinar, we cover tips on giving, regardless of the amount, satisfying a required minimum distribution, and some of the top questions from our audience.
Things You Can Do Today to Be Ready for Retirement
Category: Financial Planning » Retirement Planning
We often see a lot in the news about how many people aren’t prepared for retirement. But saving for retirement in a 401k doesn’t have to be scary or complicated.
Gifting with a Purpose: Practical Strategies to Positively Impact Your Next Generation
Because saving money early and often can be difficult, consider how you might help those closest to you to do more of it. Here are some scenarios and ideas.
Keep Your Eyes on the Horizon and Wings Level
Category: Financial Planning » Retirement Planning
We often get asked by clients about different ideas they heard from a friend, a new exclusive deal they got invited into, or, most frequently, a specific company or stock that a friend gave them the scoop on. The reality is that a lot of the “great ideas and deals” never amount to any real return, and many end up going to zero.
Three Ways to Make Saving Automatic
Category: Financial Planning » Retirement Planning
Here are some ideas and tools you can use to help make your saving automatic, the biggest key to growing your savings.
Don’t Borrow from Your Future Self
Category: Financial Planning » Retirement Planning
While each person has different long-term goals, a common future desire that exists for most people is retirement. There's a day coming when you won't want to, or can’t, work anymore, and your income will need to be replaced. This is a huge “future self” liability that has to be considered.
Spring Clean Your Financial Plan
Category: Financial Planning » Retirement Planning
You can’t have spring without spring cleaning. As you tackle your home, yard, and other spaces this year, your financial plan might also need to be spruced up. Here are a few tips to clean up your financial plan this spring.
Can You Ever Have Enough?
Category: Financial Planning » Retirement Planning
There is always more stuff to do or buy. There are always more “what if’s” for which to account. It’s a rare creature who has found contentment in what they already have, a person who no longer searches for the next thing or feels empty because of what they do not have.
Spending That Can Wreck Retirement
Category: Financial Planning » Retirement 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.
Selling a Business Is Just as Tough as Owning One
Category: Financial Planning » Retirement Planning
Owning and operating a business is a tough task. Selling a business is equally difficult. If you’re a business owner, the odds are that you haven’t put together a plan to do this. It doesn’t have to be this way.
Happy 401(k) Day! Yes, It’s a Holiday!
Category: Financial Planning » Retirement Planning
Happy National 401(k) Day! As we take today to celebrate 401k’s, it’s important to consider the increasing challenges employees in our country face when it comes to retirement readiness.
Three Categories of Risk for Retirement Income
Category: Financial Planning » Retirement Planning
Risks can often feel much different to retirees. The overarching risk for retirees is that something takes place that results in a permanently lower standard of living. Retirement researcher, Wade Pfau, has identified three major categories of risk for one’s income in retirement.