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, Annual Financial To-Do List, summarizes useful financial considerations that can be performed prior to year end. Since this year has looked different for many from a financial perspective, spending a little more time preparing tax related items may be even more beneficial. For instance, if you have had a...
Our featured article of the month, How Much Money Will You Need for Retirement, highlights the continued confusion by most Americans about their future retirement needs as well as headline trauma that helps contribute to the situation. It is accurate that many Americans are unsure how to structure their own retirement. They consistently have questions...
Our featured article of the month, Retirement 2020, outlines a brief Question & Answer (Q&A) format to better understand the changes to retirement related rules under two new provisions for 2020; the SECURE Act and the CARES Act. Our monthly newsletter from January highlighted some of the more significant changes of the SECURE Ac, it can...
Our featured article of the month, Before You Claim Social Security, poses some preliminary questions that should be considered prior to making your claim. Ironically, the most pressing question is also the most difficult one to answer. How long will you live? For obvious reasons, that question is rather impossible to answer with true accuracy....
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...
