As we transition from pre-retirees to retirees and we begin to spend from our assets, our need for how our wealth is managed also changes. Retirement becomes much less about a focus on return on investments and instead becomes a focus on...
Medical expenses will be growing in retirement. Medicare is not an end all and will not cover all our health-related costs. Health savings accounts (HSA) help offer a creative solution to help meet this gap. To gain the maximum benefit of an...
Social Security rules which provided some planning opportunities for those approaching retirement were restricted with the Bipartisan Budget Act of 2015. As of May 1, 2016, those who are under age 66 will be unable to use planning strategies...
You probably never think about the value of your homes as a potential resource for retirement. Conventional wisdom would tell you to preserve the home equity as a last resort option. If the value of your home did not need to be used it could be...
Strategize to Ready for Retirement Being ready for retirement is no small undertaking. Taking the time to address questions and concerns about retirement and understanding some of the bigger risks we face as we approach retirement can help...
So you finally reached retirement which you worked so hard to achieve all your life. You have accumulated what you believe is an ample nest egg and you think you are home free to live out your retirement lifestyle by withdrawing 4% annually from...
One of our biggest decisions regarding retirement involves when to elect Social Security benefits. We can elect to begin the benefit at age 62 but with an early election of benefits comes a permanent discount of 20% to 30% in annual payments for...
Never before have so many people retired so early, lived so long, and have been so completely on their own managing their retirement resources. Today, without pension plans as part of many retirees’ income resource pool more reliance is now...
As a financial planner, much of my work involves the analysis of numbers and the pictures they paint to help my clients see their global financial situation and make informed decisions about their financial wellbeing. A long term care event...
The new health care laws implement a 3.8% surtax on net investment income starting in 2013. These new laws add a new tax system which can impact your household income tax bill in several ways. First we need to understand what is considered...
The fiscal cliff was ultimately avoided at the last minute with Congress making some decisions on the Bush era tax cuts and tax provisions which would have lapsed. The deal which was brokered attempted to address the revenue side of the U.S...
A little planning advice could have prevented a $400,000 IRA rollover mistake. Have you ever heard of the "once per year" IRA rollover rule? Recently, an IRA owner lost more than $400,000 from his IRA because he violated this rule. To top it off,...
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