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.
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.
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.
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.
Sequence of Return Risk
Category: Financial Planning » Retirement Planning
The first few years of market return during your retirement, could have a large impact on your portfolio and lifestyle. Ross Polking dives into the Sequence of Return Risk and why you should be aware of it.
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.
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.
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.
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.
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
A Doctors Guide to Financial Planning Through a Crisis
Category: Financial Planning » Retirement Planning
Financial planning is always challenging. Doctors already have a compressed career timeline and the recent global crisis just adds to the complexity.
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.
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.
Webinar Replay: Secure Act Q&A
Category: Financial Planning » Retirement Planning
Kent Kramer and Zach Dalluge answer some important questions about the Setting Every Community Up For Retirement Enhancement Act (SECURE Act) of 2019.
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.
SECURE Act Signed Into Law. How Will This Impact Your Plan?
Category: Financial Planning » Retirement Planning
In December 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act into law. Will it affect you?
Why I Hate New Year’s Resolutions
Category: Financial Planning » Retirement Planning
Here’s the thing, I love the idea of starting fresh and changing that one thing that pushes you to be the person you want to be. However in practice, I hate – OK, strongly dislike – New Year’s Resolutions. Here’s why.
An Executive’s Financial Guide
Category: Financial Planning » Retirement Planning
Our eBook, An Executive's Financial Guide, can help with your road map to retirement, as we show you new ways to make use of your wealth for purposes important to you.