Retirement Planning Through a Crisis
Category: Financial Planning » Retirement Planning
Walt Mozdzer, Lead Advisor, explains how decisions you make now can impact your retirement down the road.
Retirement is Just the Start!
Category: Financial Planning » Retirement Planning
We often find ourselves seeking the “finish line” where we no longer need to earn more income. But when it arrives, many folks find they have only just begun to impact the world the way they want.
Retirement Happiness
Category: Financial Planning » Retirement Planning
What are the primary drivers of a happy retirement and overall wellness?
Retire To do WHAT
Category: Financial Planning » Retirement Planning
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.
Planning and Puppies 101
Category: Financial Planning » Retirement Planning
I bought a puppy back in April, and it has been one of the most challenging things of my adult life. Training a new puppy is hard work and takes a lot of intentionality and thought. The same can be said about building a financial plan. I have a few tips that might help others avoid my mistakes.
Physicians: Debt vs Savings, Which Comes First?
Category: Financial Planning » Retirement Planning
Young physicians often ask, “Should I focus more aggressively on paying down my debt, or should I just do the minimum and try to save as much as possible?” That’s an excellent question, with lots of variables and layers.
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.
Navigating Financial Health in Retirement
Category: Financial Planning » Retirement 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.
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.
Med School Grads, Do These Three Things First
Category: Financial Planning » Retirement Planning
As a recent medical school graduate, resident, or doctor early in your career, there are a few key things to consider for your financial well-being. The earlier you develop a strategy for these things, the greater the benefit.
Making Sense of SECURE Act 2.0 | Financial Perspectives (In a Minute)
Category: Financial Planning » Retirement Planning
The SECURE Act 2.0 includes 90+ provisions designed to help savers and people in or near retirement. This week, Matt Moklestad highlights some of the key changes from the act.
Let’s Make 2023 a Year of Savings Inflation
Category: Financial Planning » Retirement Planning
The rising cost of living recently has led the IRS to raise the 2023 contribution limits for employees with 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan.
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.
IRS Allows for Reversal of 2020 RMDs
Category: Financial Planning » Retirement Planning
In late June, the IRS announced RMDs would be able to be reversed from any account requiring them through August 31st. Since the IRS is allowing this, it presents a potential tax planning opportunity.
How to Use Your Deferred Compensation Plan
Category: Financial Planning » Retirement Planning
For most of us, it’s that time of the year when we make benefits elections for next year. These are important decisions.
Hold Still!
Category: Financial Planning » Retirement Planning
Hiking Through the Financial Wilderness
Category: Financial Planning » Retirement Planning
I used to laugh at the TV commercial years ago that stated, “Most people spend more time planning their vacation than their retirement.” It’s funny how your perspective can change with time. Now, I gladly note all details of a personal trip, perhaps as a parallel of my work.
Have You Considered a Cash-Balance Plan?
Category: Financial Planning » Retirement Planning
Many business owners are looking for more tax-friendly ways to save for retirement. A cash balance plan could be the answer.