Tag: financial advisor

The Retirement We Imagine vs the Retirement We Live

Jun 1, 2020

No Work Ahead Retirement Sign
Examining the potential differences between assumption and reality

Financially speaking, retirement might differ from your expectations. Just as few weathercasters can accurately predict a month’s worth of temperatures and storms, few retirees find their financial futures playing out as precisely as they assumed. Because of this, some common financial assumptions (and anxieties) about retirement are worth examining. (more…)

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Backdoor Roth IRA

May 20, 2020

Padlock open on backdoor fence
If you make too much money to open a Roth IRA, you could create one this way

You can sum up the appeal of a Roth IRA in three words: federal tax benefit. Potential earnings in a backdoor Roth IRA grow tax free as long as the owner abides by the Internal Revenue Service (I.R.S.) rules, and withdrawals are federally tax free once you reach age 59½ and have held the Roth IRA for at least five years.1  (more…)

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Coping With An Inheritance

May 18, 2020

Old Key Inheritance Paper
A windfall from a loved one can be both rewarding and complicated

Inheriting wealth can be a burden and a blessing. Even if you have an inclination that a family member may remember you in their last will and testament, there are many facets to the process of inheritance that you may not have considered. Here are some things you may want to keep in mind if it comes to pass. (more…)

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Inherited Accounts Under the CARES Act

Apr 29, 2020

Inherited IRA Under CARES ACT
How the CARES Act Impacts RMDs

Tucked into the gigantic “Coronavirus Aid, Relief, and Economic Security” (“CARES”) Act were two key changes you should know about, regarding required minimum distributions (RMDs). Both were designed to give people more control over their money and to help manage selling investments during an emergency.1 (more…)

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Unpacking the Paycheck Protection Program

Apr 27, 2020

paycheck protection program funds
The PPP funds will serve to keep some smaller business operational

American lawmakers have passed the Paycheck Protection Program and Health Care Enhancement Act, a program that will offer small business loans to employers in need of aid as a result of the COVID-19 pandemic. (more…)

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Unprecedented Moves from The Federal Reserve

Apr 20, 2020

Federal Reserve Moves Stock Market
What they are. How they help.

In response to the COVID-19 pandemic, almost every state in America is under some sort of stay-at-home order. This unprecedented time has also led many businesses, large and small, to downsize or close up shop entirely. In response to the drastic impact that COVID-19 has had on global and domestic concerns, the Federal Reserve Board has taken a multitude of measures to buttress the American economy. (more…)

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Business Valuation Approaches

Mar 4, 2020

business valuation showing laptops
Here’s what you need to know

In the third quarter of 2019, more than 2,400 small businesses were sold. The median sale price was roughly $278,000, up 3.3% from 2018.1 All Business Valuation models are different. How should you value yours? (more…)

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Should You Care What the Stock Market Does Each Day?

Feb 26, 2020

Stock Market Quotes Chart
Focusing on Your Strategy During Turbulent Times

Investors are people, and people are often impatient. No one likes to wait in line or wait longer than they have to for something, especially today when so much is just a click or two away. (more…)

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Retirement Is a Beginning

Feb 19, 2020

Beginning start line road
See if you are prepared to begin your retirement by answering four key questions.

How do you know you are psychologically ready for retirement?

As a start, ask yourself four questions. (more…)

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That First Required Minimum Distribution from Your IRA

Feb 17, 2020

stop watch alarm clock IRA
What you need to know in a timely manner

When you are in your seventies, Internal Revenue Service rules say that you must start making withdrawals from your traditional IRA(s). In I.R.S. terminology, these annual withdrawals are considered your Required Minimum Distribution (RMDs).1 (more…)

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More Insights

Sep 23, 2020

When it comes to retirement, some women face obstacles that can make saving for retirement a challenge. Women typically earn less than their male counterparts and often take time out of the workforce to care for children or other family members. Added to the fact that women typically live longer than men, retirement money for … Continue reading “Women Facing and Conquering Retirement Challenges”

Sep 21, 2020

Football is back, which means Summer is coming to a close, days will get shorter, and sweaters will soon be in play. This year, there was no pre-season, so professional football started in September, which coincidentally, is a perennial month for stock market volatility.1

Sep 18, 2020

Roth IRA Conversion decisions have attracted retirement savers since their introduction in 1998. They offer the potential for tax-free retirement income, provided Internal Revenue Service rules are followed.

Sep 16, 2020

The 2015 Obergefell v. Hodges Supreme Court decision streamlined tax and estate strategizing for married LGBTQ+ couples. If you are filing a joint tax return for this year or thinking about updating estate strategies, here are some important things to remember.

Sep 14, 2020

How much does extended care cost, and how do you arrange it when it is needed? The average person might have difficulty answering those two questions, for the answers are not widely known. For clarification, here are some facts to dispel some myths.

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