The Four Uses of Money
Category: Financial Planning » Retirement Planning
Did you know that there are just four uses of money? They are Owe, Grow, Give, and Live.
What to Do If Forced Into Retirement Early
Category: Financial Planning » Retirement Planning
Yet, all too often, there is a second group of retirees for whom retirement is filled with uncertainty. Let’s say that at age 58, suddenly you are forced to retire. This could be a full five to seven years before you planned. What do you do now?
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?!”
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.
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.
You Bring Your Vision; We’ll Draw the Map
Category: Financial Planning » Retirement Planning
At Foster Group, we work to capture the visions of our clients and their families, and then we create a roadmap to help them pursue those visions
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.
Who Is Your Team’s Financial General Manager
No matter what the circumstances, during the good and the difficult times, it is in our best interest to seek guidance on the most important aspects of our lives. Consider hiring a "General Manager" to help you with your finances.
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.
Set It and Don’t Forget It
Category: Financial Planning » Retirement Planning
Working with a financial advisor is a great start to having someone inventory and help you keep track of the beneficiaries, or lack of, on your accounts.
Spring Training Thoughts for Your Portfolio
While the impact of each may not be dramatic on their own, collectively they add up and represent the things we do to incrementally add value to our clients.
Feed the Beast
Category: Financial Planning
Uncle Sam Wants His Money
Category: Financial Planning » Cashflow
Opportunity Valley
Category: Financial Planning » Retirement Planning
Hold Still!
Category: Financial Planning » Retirement Planning