Reality Check on Your Retirement Savings
Whether you’re 23 or 35, it’s important to know whether you are saving enough for your retirement. There is no time like the present to ensure you are allocating enough funds to your retirement account. With folks routinely living into their 80s and 90s, it’s more important than ever to ensure your money lasts your […]
The Two Faces of Debt
Understanding Good Versus Bad Debt Can Help You Make Smart Financial Moves Credit card debt is a huge challenge for many people. According to Debt.org, Americans owe $986 billion on credit cards, surpassing the prepandemic high of $927 billion. While credit card debt is considered “bad debt,” it’s important to understand other types of debt […]
Doing Some Tax Planning Now Can Pay Off Later in Retirement
For many people, retirement is not a time to slow down and stop. It’s a time to explore the next great chapters of your life and build upon everything you’ve learned and experienced so far. Another thing that doesn’t slow down or stop is taxes. Understanding how taxes could affect your future cash flow will […]
When to Begin Collecting Social Security
Deciding when to retire and begin collecting Social Security is an important life decision. Some people may feel they don’t have enough savings to retire and delay their retirement plans to continue working, which means postponing when they begin collecting Social Security. Current law allows workers to begin collecting Social Security between 62 and 70 […]
Optimizing Required Minimum Distributions
Seventy-three is an important age milestone for those in or near retirement, as it marks the time when required minimum distributions (RMDs) begin to be withdrawn annually from Individual Retirement Accounts (IRAs) and employer-sponsored retirement plans (previously, the threshold was 72). The milestone carries with it tax consequences that are not fixed. Rather, there are […]
Pay It Forward
Looking To Teach a Child Some Important Money Lessons? Consider a Roth Custodial IRA. You started early and have saved hard in your 401(k). You’ve also paid close attention to your investing strategy over the years. And you definitely understand the benefits of tax-deferred compounding over the long term and the potential for growth. Heck, […]
Webinars: Tax Planning & Investment Solutions
Don’t miss our Two Part Series to help prepare you for your 2022 taxes. Part 1: Inflation Reduction Act & Tax Planning Considerations for 2022 Tuesday, Nov 1 @ 3pm – WATCH THE RECORDING Steve Franzen, CPA, PFS, CGMA will be leading the discussion outlining parts of the Inflation Reduction Act that may impact your […]
Eliminate the Guesswork
Creating an estate plan is a key component of achieving financial wellness Most people don’t spend too much time thinking about end-of-life planning on a daily basis. But you may have loved ones who will soon face those issues. While it’s not pleasant to think about, you may be the one who ends up having […]
The Many Faces of Risk
Knowing the different types of investment risk can help you cope with market volatility. When was the last time you checked your retirement plan balance? If your balance was less than it was the last time you checked, you probably felt a bit of pain. Everybody does. Where exactly does that pain come from? It’s […]
Money Mantras
Market swings causing you some anxiety? These four money mantras can help you overcome it. Whether it’s the continuing presence of the COVID-19 pandemic, a sudden boost in prices related to gas, food, housing and other essentials, supply chain hiccups, an uncertain labor market (or any number of other things), the stock market has certainly […]