Pay me now or pay me later applies to your retirement accounts. Let’s talk about when it makes sense to pay up now and minimize your tax liability during retirement.
In my nearly 14 years in this business, I’ve seen financial advice given by many different professionals. Insurance agents, stock brokers, bank representatives, real estate professionals, next door neighbors and the like. I’ve seen some great advice given, but also some terrible advice. This often times leads to the general public to think “what is […]
What is a Health Savings Account? In simple terms, a Health Savings Account, or “HSA,” is an account owned by an individual that can be used to pay for health care expenses, either now, or in the future. The accounts are eligible for those who have a High Deductible Health Plan and are funded with […]
The Annual Report on Philanthropy from Giving USA estimates that individuals gave $324.10 billion to US charities in 2020. This was an increase of 2.2% year over year from the 2019 report. Despite all of the negative news the media likes to focus their attention on, America is a very generous country. However, I run […]
Have you stress tested your retirement goals? “When you retire, there are two doors in which you can walk through. Door #1, the people outlive the money. Door #2, the money outlives the people. My mission is to help people walk through door #2.” – Nick Murray Karen and Pat had a goal to retire […]
You’re invited to join us live on Thursday, September 30th @ 2pm – 3pm EST. Free Webinar Have you stress tested your retirement plans? If you are within 10 years of retirement, you must have a plan for the 6 “what-if” scenarios that could derail your financial goals. The year was 2007, and my parents […]
The primary concern for just about everyone I meet with is how to retire with the same lifestyle they currently enjoy. “Retiring” has a different meaning now than it did 20-30 years ago. Nowadays, people retire TO something. Whether it be to travel the world, spend time with family, volunteer, start a hobby, or work […]
Planning for expected events in Retirement is easy. Planning for the unexpected is wise. These are the top four stress tests to put your Retirement Plans through to see if you are as bullet proof as you need to be.
They say it’s not what you earn, it’s what you keep. I agree with this wholeheartedly as it relates to not spending more than you make (obviously). However, in my line of work, being sensitive to the TAX efficiency of a retirement plan is critical. If I can save my clients $10,000 or even $20,000/year in taxes during retirement, that’s huge!