Blog

May 25, 2018

Think You Are Debt Free If You Own an IRA, 401(k), or 403(b)? Think Again

While reasonably basic to an IRA specialist, the 9 ideas below are often over- looked by consumers and many financial practitioners alike who do not specialize in IRAs. Used appropriately, they may often help individuals and families pre-serve their retirement wealth. Perhaps they can help you too. Consider researching in more depth on your own, or perhaps broach any of the topics you feel may apply to you in more detail with your financial consultant(s). Read More
May 21, 2018

Examining Qualifying Longevity Annuity Contracts in 5 Easy Steps

What is a QLAC (Qualifying Longevity Annuity Contract)? A QLAC is a type of fixed income annuity that has special attributes and is held in a retirement account. Read More
May 21, 2018

Can You Retire in Five Years?

The last five years before you retire may be some of the most critical years in terms of retirement planning, because you must determine within that period whether you can truly afford to quit work. The determination will hinge heavily on the amount of preparation you have done to date, and the results of such preparation. If you are financially prepared, then you may just need to maintain your program and continue on to your retirement goal. If you are not financially prepared, then you may be looking at more than five years of a modification to your planned retirement lifestyle. Read More
May 21, 2018

Tackling Trade & Treasuries – May 21, 2018

Major domestic indexes went down last week after all three gained more than 2% the previous week.  The S&P 500 dropped 0.54%, the Dow gave back 0.47%, and the NASDAQ lost 0.66%.  International stocks also stumbled; the MSCI EAFE decreased by 0.61%. Two familiar topics were on many investors’ minds last week: trade and treasuries. Here is a recap of the key details and their market impacts. Read More
May 17, 2018

Giving Back With Planned Philanthropy – Updated

Charity. It’s just a 3-syllable word, but it reaffirms the deeper side of the human heart: its innate desire to sacrifice for love’s sake, its selfless acts of improving the lives of others, its humble expressions of caring and compassion. This is where life ought to begin. We give away what we hold valuable. We relinquish our right to material gain for the sake of others. We exchange our good fortune for the benefit of the suffering, the hurting, the downcast. We give freely to build, to heal, to conquer. Read More
May 17, 2018

The Most Common Tax Scams of 2018 and How to Protect Yourself

As the 2018 tax season reaches a climax amid the flurry of late filings, tax scams have become increasingly more prevalent. It’s phishing season for scammers attempting to lure unwary taxpayers into handing over their personal information, their money, or their identity. Read More
May 17, 2018

How to Keep Your Money in Your Family

You’ve invested your life into caring for their wellbeing. You cherish them and want them to mature into smart, healthy, successful adults. Naturally, as they become adults and grow older, your authority over them recedes. They make their own decisions, and you just hope it’s for the best. Read More    
May 14, 2018

The Roth Conversion Conversation

When you convert funds to a Roth IRA, your pre-tax funds will be included in your income in the year of the conversion. This will increase your income for the year of the conversion, which may impact deductions, credits, exemptions, phase-outs AMT (alternative minimum tax), the taxation of your Social Security benefits and more. Read More
May 14, 2018

The Importance of Updating Retirement Account Beneficiaries

Have you checked your beneficiary designation for your retirement account recently? If not, you may find that your designated beneficiary is not who or what you think it should be, especially if you have divorced, remarried or had children since your retirement plan account was established. Or if you named a charity as your beneficiary a long time ago, the charity may no longer exist. Read More    
May 14, 2018

The Biggest Mistake You Are Making With Your 401(k)

We are facing a retirement planning crisis in America. Boomers, GEN X and even millennials are not saving enough to comfortably retire and the average person is leaving more than $30,000 of retirement income on the table. Here is how they are messing it up and making the #1 401(k) mistake. Read More