Ever wondered what happens to everything you own after you’re gone? It’s not the most cheerful topic but it’s super important to understand who gets what when someone passes away. Whether you’ve got a house savings, or family heirlooms, knowing how inheritance works can save your loved ones from headaches and heartaches down the road. … Read more
Are you worried about getting double-taxed on your backdoor Roth conversion? You’re not alone. As someone who’s helped countless clients navigate this retirement strategy, I’ve seen this question pop up over and over. Let’s clear the confusion once and for all. What Is a Backdoor Roth IRA Anyway? Before diving into the tax implications, let’s … Read more
If you’ve had a few jobs over the years (or more than a few), you probably have several different retirement accounts too. If so, it may be in your best interest to combine your accounts into one. Here’s why. Ever find yourself drowning in a sea of retirement paperwork? You’re not alone. As we hop … Read more
Generational wealth may conjure up s of railroad titans from the late 1800s, or today’s tech billionaires. However, generational wealth is valuable — and accessible — to a far greater number of people than you might think — including you! We’re here to help you understand generational wealth, why it’s beneficial, and how to start … Read more
Have you ever wondered who actually owns the house when it’s placed in a trust? If you’re considering setting up a trust or are already managing one this question is probably at the top of your mind. The answer isn’t as straightforward as you might think but I’ll break it down in simple terms. The … Read more
The ideal monthly retirement income for a couple differs for everyone. It depends on your personal preferences, past accomplishments, and retirement plans. Some valuable perspective can be found in the 2022 US Census Bureau’s median income for couples 65 and over: $76,490 annually or about $6,374 monthly. Would you and your partner enjoy a high-quality … Read more
Losing a loved one is hard enough without having to navigate the complex world of trusts and estate administration. If you’re wondering exactly how long it’ll take before assets get distributed from a trust, you’re not alone. As a trustee or beneficiary, understanding this timeline can help set realistic expectations during an already challenging time. … Read more
When retirement is nearing, you need to get your finances in order. If you weren’t already, now is the time to get laser focused on saving for your golden years. To be financially prepared for retirement, experts say you should have eight times your annual salary saved by age 60. This number should rise to … Read more
Million Dollar Retirement Have you ever wondered if $1 million is actually enough to retire on? For decades, the million-dollar nest egg has been the gold standard of retirement planning success. But with rising inflation and changing economic conditions, is it still the magic number in 2025? I’ve spent countless hours researching this question, and … Read more
If you’re receiving Supplemental Security Income (SSI) benefits or planning to apply, you might be wondering: “Can I own a house on SSI without losing my benefits?” The short answer is yes, you can own a home while receiving SSI benefits. In fact, your primary residence is typically excluded from the SSI asset limit calculation. … Read more
