Today’s American workers are being forced to shoulder a much higher level of responsibility regarding their retirement finances than past generations. With Social Security projections showing significant shortfalls
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Personalized financial planning offers tremendous benefits. Understandably, those benefits haven’t come cheap. But thanks to our friends at SMI Advisory Services and an
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Every year brings a number of changes in various financial rules and regs that impact our personal financial planning. While President-elect Donald Trump has proposed sweeping tax reform, it’s impossible to know which of
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This article pertains specifically to investors who have both a tax-advantaged account (IRA/401k) and a taxable investment account. If you don’t have a taxable investing account, don’t make the mistake of thinking we’re
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This year’s market correction has been severe enough that it’s causing some investors to feel like they should “do something!” in response. Our advice? Stay calm and don’t take dramatic action. Instead, wait for an
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Every year brings a number of changes in various financial rules and regs that impact our personal financial planning. Here’s a guide to some of the more significant changes for 2016.
Retirement Plans
If you participate
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It is generally not a good idea to take money out of an IRA before you retire. Doing so usually thwarts the purpose of an IRA: to accumulate enough money to help cover living expenses in retirement.
However, sometimes
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“We’d like to start prepaying our mortgage, but we can’t do that and invest for retirement. Which should have the priority?” That’s a common question—and there’s no one-size-fits-all answer. Your age, tax bracket, how long
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Austin's post-tax-season reflections yesterday got me thinking about another tax filing issue: whether to make retirement plan contributions on a Roth or Traditional basis. This is one of the most common questions I hear,
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Leonardo da Vinci reportedly said, “Simplicity is the ultimate sophistication.” And he lived at a time before e-mail, voice mail, and the many other supposedly time-saving technologies have proven only to raise our
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