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, Your Extended Care Strategy, reminds our readers that a retirement plan coupled with a long term care strategy is a prudent way to plan for the future. November is Long Term Care Awareness month and this newsletter touches on this topic at least once a year, for good reason....
Our featured article of the month, End of the Year Money Moves, provides some tips on taking action on your personal financial situation prior to year end. Tax loss harvesting is a smart technique that could certainly make an impact on your taxable short term gains and may even help minimize future gains tax. Of...
Our featured article of the month, Retirement Fact Sheet, attempts to clarify some misconceptions regarding retirement savings, taxes, the use of credit and planning. For instance, if you are still working or earning income, retirement vehicles are still available to you. One may wish to catch up on savings, or have more than adequate savings...
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...
Our highlighted article of the month, Are You Retiring Within the Next 5 Years?, is a timely article for those considering retiring in the near future. From considering income needs, to relocation and portfolio construction objectives, a retirement transition could involve multiple levels of decisions and some paradigm shifts in thinking about such items. For...
