Have you been grinding away at the same company for a quarter century and wonder if you can finally hang up your work boots? You’re not alone! Many folks dream of calling it quits after putting in 25 years with the same employer. The good news is that yes in many cases you absolutely can … Read more
Looking forward to your golden years? Let me tell ya, nobody wants to share their hard-earned retirement nest egg with Uncle Sam! After decades of working and saving the last thing you need is a hefty tax bill eating away at your retirement income. I’ve helped dozens of clients navigate the complex world of retirement … Read more
It’s a topic we get a lot of questions about – How do I hide money from my spouse legally? Should I put money aside for a rainy day divorce fund? Is a secret cash stash a good idea? There are many reasons why someone may be inclined to hide money from their spouse. Maybe … Read more
As you approach retirement, youâll find timing your decision to officially retire hinges on a lot of variables. Thereâs a lot to consider beyond just being ready to stop working. Youâll have to think about how the different pieces of your financial plan will work together once you retire. One important part of the plan … Read more
Role of an executor: The executor named in a will is responsible for managing the estate, paying debts and taxes, and ensuring the remaining assets are distributed correctly to beneficiaries. Risks and responsibilities: Executors can be held personally liable if debts are not paid in the correct order, if money is given to the wrong … Read more
Happy National Teach Children to Save Day! With summer job season fast approaching for high school and college students, now is an excellent time to teach your youngest loved ones a life lesson about the benefits of putting money aside in a Roth IRA. While the notion of retirement seems unfathomable to anyone under forty, … Read more
Learn more about claiming your Social Security benefits and forward-looking tax planning with our downloadable guides: the Social Security Decisions Guide and Tax Reduction Strategies. Click below to download: So you’ve been saving diligently for years and you’re getting closer to that magical $1 million mark in your retirement accounts. First off congrats! That’s no … Read more
A qualified retirement plan is an investment plan offered by an employer that qualifies for tax breaks under the Internal Revenue Service (IRS) and ERISA guidelines. Because an individual retirement account (IRA) is not offered by employers, a traditional or Roth IRA is not considered a qualified plan, although they feature many of the same … Read more
It’s not uncommon for a retiree to have a million bucks these days. Between super, bank savings, property and investments, there’s a lot of 60-year olds with $1 million. Are you dreaming about that golden retirement? Maybe you’ve heard that magical figure of $1 million thrown around as the ideal retirement nest egg But is … Read more
Are you scratching your head wondering how much money you’ll need stashed away for those golden years? Trust me you’re not alone. I’ve been down this confusing retirement calculation road before, and lemme tell you – figuring out your retirement needs doesn’t have to feel like solving a complex math equation. In this article, I’m … Read more
