Our featured article of the month, Retirement Seen Through Your Eyes, poses a few insightful questions on planning your future years. What will be your purpose? What accomplishes are you intent on fulfilling? What sparks your interest? Long gone are the days of depression era retiree ideas of lounging on the couch waiting for the...
Our featured article of the month, 2021 Off to a Fast Start, provides a quick summary on the most recent events that occurred during the first few weeks of this new year and the markets' reaction. With a new administration firmly in place, the excitement surrounding the festivities and related activities are expected to subside as the...
Our featured article of the month, 2021 Limits for IRAs, 401ks & More, serves more as a reminder of the contribution limits for retirement accounts along with information on some slight qualification adjustments. IRA contributions for 2020 would be due by the time you file your tax returns or April 15, 2021. For added clarity...
Our featured article of the month, The Financial Planning Process, outlines the six steps to creating a financial plan using the services of a CFP® professional. The CFP® Board Standards detail the expectations of a relationship between a client and their CFP® professional, providing a framework for the engagement. The standards are in place to...
Our featured article of the month, Tax Considerations for Retirees, follows up on our previous month's topic, The Secure Act, with more tax talk. April 15th is right around the corner, so it's time to gather your W2s, 1099s, 1099Rs and 5498s for tax preparation. Instead of just going through the motions this season, consider...
Our featured article of the month, The SECURE Act, explains a few of the provisions to the current rules regarding Required Minimum Distributions (RMDs) and Inherited IRAs otherwise known as Stretch IRAs. Additionally, continued contributions have been revised as well as changes to multiple employer plans. The most notable changes affecting my clients include the...
Our featured article of the month, Eight Mistakes That Can Upend Your Retirement, lists commonly made errors that many individuals make prior to their planning and ultimate transition to retirement. The number one theme to these mistakes involves planning, or a lack thereof. A strategy or plan is well thought out and entails particular objectives....
Our featured article of the month, The SECURE Act and Traditional IRA Changes, is a brief introduction to a law that has not yet passed, but that may have far reaching consequences for many investors and retirees. As stated, the SECURE Act has not cleared the Senate as of yet, however there is a good...
Our highlighted article of the month, TOD or Living Trust?, reviews two simple methods for shielding assets from probate. A Revocable Living Trust is a very effective vehicle used to transfer assets without being hampered by the probate process. They require more work establishing them initially, but once they are setup and funded, they do...
Our highlighted article of the month, Your Financial Co-Pilot, touches on some key points as to why maintaining a relationship with a trusted financial professional is a good succession plan. This particular article touches close to home. Many know that I took over my mother’s financial planning business after she died in 2003. Like the...
