Financial Planning
Four Reasons to Consider Doing Partial Roth IRA Conversions Now
Your lifelong financial companion: Taxes. If you’ve amassed a substantial IRA, navigating this expense is crucial. Despite hopes for lower taxes, the reality, with over $32 trillion in government debt,…
Read MoreAre You Taking Too Much Risk in Retirement?
The retirement fear we all share: running out of money. Whether it’s $1 million or $2 million, the worry persists. Market volatility adds to the anxiety, with memories of the…
Read MoreThe IRS is auditing the rich. Can you fly under the radar if you’re not wealthy?
IRS sets sights on high-earners: Unpacking the recent crackdown initiative. Amidst the shift, the IRS emphasizes the legal distinction between tax avoidance and evasion. In a notable move, audit rates…
Read MoreNext year, you can put more money away for retirement and get a tax break
Boost your retirement savings in 2024! The IRS has announced an increase in the 401(k) contribution limit to $23,000, up from the current $22,500. Individuals aged 50 or older can…
Read MoreAre You Ready to Retire? Find Out With This 10-Item Checklist
Navigating the retirement decision: As people enter their 60s, the question of when to retire becomes a common concern. Beyond financial considerations, the transition involves lifestyle adjustments for a fulfilling…
Read More5 reasons why retirees should buy long-term care insurance
Embrace the joy of retirement with a smart plan for the future! While the prospect of aging care expenses can be daunting, investing in a long-term care insurance policy can…
Read MoreHow to prepare for the ‘survivor’s penalty’ before a spouse passes
Many older women outlive their spouses and may not anticipate higher future taxes after such a loss. Financial experts suggest proactive measures to navigate this challenge. With American women having…
Read MoreThe 4% Rule for Retirement Is Back
Encouraging news for prospective retirees: The 4% rule is back! Thanks to higher interest rates and bond yields, new retirees can potentially spend 4% of their nest eggs in the…
Read MoreTime to Act on These End-of-Year Tax Planning Tips: Tax Letter
Year-end tax planning is on the horizon! With two months left in 2023, this letter outlines strategic actions to trim your federal tax bill. Focus on individual planning, investments, gifts,…
Read MoreWarren Buffett ‘Doesn’t Think College Is For Everyone’ — Here’s Why
Warren Buffett’s academic journey: The legendary investor attended college twice, earning a bachelor’s degree in business administration from the University of Nebraska after transferring from The Wharton School at the…
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