The reduction in marginal tax brackets that came from the Tax Cuts and Jobs Act passed in 2017 has made it even more advantageous to utilize a Roth IRA conversion. You can convert pre-tax retirement assets at today’s lower marginal rates and never pay income tax again on that money. It can play a significant [...]
Happy New Year! The beginning of the year is a great time to set new intentions, whether it be prioritizing things that are important to you or setting new goals. Reflecting on the previous year and making adjustments for an improved 2019 is a great thing to do, for our personal aspirations and our [...]
The Medicare Annual Enrollment Period (AEP) for 2019 begins October 15 and runs until December 7. Anyone who is on Medicare, even if you are happy with your current plan, should take that opportunity to review your plan and make sure it’s still serving you in the best way possible. When AEP comes around this [...]
It is that time of year when you get to reassess what to select for your company benefits. Here are some things to consider as you make your elections: HSA (Health Savings Account) If you participate in a high deductible health plan, you have the ability to contribute to an HSA. Families can contribute a [...]
As parents, our goal is to raise children that will grow up to be happy, productive adults. This is a difficult task and we often are unsure if what we are doing is right for years to come. For families with high income or significant wealth, it can be even more challenging. The easy thing [...]
Having an agreed-upon rebalancing strategy will improve your long-term investment experience, as well as your risk-adjusted return.
Determining when to take social security, as well as planning for your future benefit, is such an important part of retirement planning. For each couple or individual, the answer as to when is the best time to take your benefit is different. It may seem like waiting until age 70 is best, as you can [...]
Creating financial well-being is simple, but that doesn’t mean it is easy. The hardest part of it is controlling our emotions. Financial well-being is about having the freedom to make choices that allow us to enjoy life, having control over our finances, and having the ability to absorb financial shocks. It is not about being [...]
“The key is not to prioritize what is on your schedule, but to schedule your priorities.” - Steven Covey We rarely control everything in our lives, but often we have more control than we realize. We are at the beginning of 2018. It is a time when we create New Year’s resolutions for ourselves and reflect [...]
Ask yourself the question, if you passed early in your retirement, would your choices leave your spouse enough income to live comfortably and cover the increasing costs of healthcare? Choosing a spousal benefit that will protect your spouse in case something unexpected happens is extremely important.