While we often discuss the financial realities of retirement and generating income or growth in an efficient manner while being aware of tax and other risks, we very rarely discuss the emotional aspects of retiring which, of course, can be huge. Are you ready to leave your career for something new and unchartered? Have you allowed yourself the time and preparation to prepare for the non-financial aspects of retirement? We have lots of great questions and areas to shed light on your situation, whether you are thinking of retiring or already retired.
Also, Heidi will cover the details of HSA plans for pre- and post-retirees who have access to this significant tax-advantaged account. And Deann will offer us many pertinent stats related to the current economy and you! Tune in and take control!
You’ve heard of settling an estate from the attorney’s perspective. Today, we’ll discuss settling an estate from a financial advisor’s perspective. Settling an estate involves much more than merely settling assets. Generally, it also includes filing the last will and testament, paying bills and taxes, filing the deceased’s final tax returns, distributing property and filing the final account. We will discuss what typically is the biggest dollar item in the estate and the mechanics involved in handling it. Our goal is to help you save time, money (potentially thousands of dollars in taxes) and, of course, stress. Given the complexity of today’s accounts, their tax benefits as well as other cost of disbursal, this is information you will want to know! Also, Heidi will share updates on Social Security, and Deann will provide the stats related to estates to help us along!
Tune in and take control!
Market gyrations are always unnerving, and today’s markets are no exception. Today, we’re going to discuss Fed Chairman Jay Powell’s recent quotes from his Jackson Hole, Wyoming speech and why we think the stock market responded as it did. Though the reality of the world in which we live is ever-changing, we can, at the same time, discuss what you can do about it, as well as consider why these are especially important times to make changes. We’re all trying to save money for a future goal or set of goals. Helping you (and us) remember or think more clearly about what that goal is will be an important part of our program this week.
As we enter school season, Heidi will be comparing 529 plans vs. Roth IRAs as a tool for funding our children’s education costs, and how these tools can work for both you and for them. Deann will have the stats of the week, too, to add to the mix!
Tune in and take control!
While we won’t speculate on whether the U.S. economy is actually in a recession, we think it’s important to discuss the practicality of retirement (or staying retired) given a relatively tough investing environment, rising interest rates, a falling stock market, and worldwide angst about Russia, China and other countries. We’ll review some great articles as well as analyze our own day-to-day experiences.
Then, Heidi will continue our dialogue on the details of the spousal Social Security benefit. And finally, Deann will have some interesting, eye-popping stats on the EV boom as an investment!
We are passionate about discussing matters that impact you, so tune in and take control!
Today is about changes! Wow, what a difference a week makes … or has it only been a day?
Today, we’ll talk about many topics, including individuals putting their spending on personal credit cards to dent inflation; the upcoming near historic Social Security benefit increase; as well as the beloved Accuracy-Related Penalties possibly imposed on IRA withdrawals.
We’ll also discuss a subject most near and dear to us – Roth conversions for all ages. We all know the amount of ink that’s been spilled about whether a Roth conversion is advantageous. One of the biggest issues (of course) is our age. Perhaps one might argue, if I’m 70 or older, could this still make sense? We’ll discuss this in depth as Ed Slott has dived into this pool, and we’re going to jump in too! After all, the water’s still warm, right? We’ll have some strong arguments as to why, especially today, you might want to consider this strategy. AND we’ll also talk about misconceptions that still rage around Roth conversions.
Tune in, and we’ll try to turn up the temperature in your financial world of information!
Welcome to our ever-changing, ever-evolving financial universe.
A famous radio host used to describe things as being, “… on the leading edge of societal evolution.” Today, we’ll discuss “quantum computing,” a recent megatrend that, according to Haim Israel, Global Strategist and Managing Director of Research at Bank of America, “Could be bigger than the discovery of fire.” We’ll explain how the impact of high tech and data management on our world in the next decade could be truly amazing.
Next, Heidi will discuss “catch-up contributions” for those who wish to max out their tax qualified plans for the year. The amounts you’re able to put aside may surprise you. And for those over 50 years old, this might prove to be very helpful.
And finally, Deann will discuss the stats of the day, many of which should help to enlighten us all on current trends!
Tune in and take control!
While the markets have been quite volatile recently, for today’s show, we thought it might be helpful to see what these numbers can mean for you in the future. Of course, we can’t predict the future, but we know that past performance is a good indicator of future behavior. In fact, we can delve all the way back to 1835 to see how markets from previous generations have responded to show the depth and breadth of what we might experience in today’s economic climate. Even if today’s stock market and asset market respond differently than before, the symmetry of history may still be helpful for the perspective we need.
Also, Heidi will uncover the secrets related to the benefits of paying back COVID-19-related withdrawals from IRAs and retirement accounts.
Sometimes, learning can be most instructional when we’re ready, as in peering into the glass when uncertainty reigns. We’ll do our best to unmask this mystery just for you! Tune in and take control!
While life insurance is certainly not a sexy or thrilling, edge-of-your-seat subject, it can serve as a very practical tool in today’s economic climate. In fact, some advisors consider it a bit “edgy.” Primarily, life insurance is a way to protect your loved ones and help leverage their financial woes in the event of your untimely death. However, the impact life insurance can have while you’re alive can be surprising, too, given its tax advantages. This can include business-related transactions to transfer business values or cover key persons within the business.
Tax advantages can amount to significant dollars during your lifetime, like tax-free withdrawals for income and other emergencies, not to mention a fully tax-free death benefit. The number of times clients have been dumbfounded at the thought that Dad’s life insurance was/is tax-free is almost uncountable. Many times, surprise in a most positive way has been an enjoyable conversation to have.
This week, Deann will discuss lots of stats related to this, and Nathan and Heidi will be joining in on the conversation too! Tune in and take control!