Opportunity Valley
Category: Financial Planning » Retirement Planning
Navigating the Course of Retirement Planning
Category: Financial Planning » Retirement Planning
Like in golf, planning for retirement is a game that requires strategy, focus, and a bit of finesse.
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.
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.
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.
Have You Come to Terms with the Reality of Your Retirement?
Category: Financial Planning » Retirement Planning
People come to terms with the fact they will one day retire. Maybe not in the next year or two but sometime in the next five. Often, it’s a reality they’ve been denying.
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.
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.
Game Saving Plays for 2021 Financial Planning
Category: Financial Planning » Retirement Planning
Once the proverbial game clock expires on December 31st, our financial decisions are, for the most part, locked in. There’s no going back. Here are some suggestions to consider for your savings and/or to mitigate the tax bite for 2021.
Five Reasons to Consider a Roth IRA Conversion
Category: Financial Planning » Retirement Planning
The first four months of 2020 have proven to be unpredictable, volatile, and challenging. Despite recent market changes, there continue to be several planning opportunities that we are monitoring for our clients. One of these is Roth IRA conversions.
Financial Risks That Are Not in the News
Category: Financial Planning » Retirement Planning
Stock market risk is the primary focus of the financial news. The reason is simple. The scarier the headline, the more eyes are attracted to it.
Feed the Beast
Category: Financial Planning
Every Investor’s Real Question: “Am I Going to Be Okay?”
Category: Financial Planning » Retirement Planning
In my time working with clients, there is one question asked more than any other, “Am I going to be okay?”
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.
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.
Discover the Real Meaning of Financial Independence
Category: Financial Planning » Retirement Planning
In my daily work with clients, the question often comes down to, “How much do I need to retire comfortably?” My usual answer is, “How long are you going to live, and what do you want to eat?!”