If you’re like most people nearing retirement, you probably think the hard part is behind you. You worked hard, saved consistently, and now you’re looking forward to slowing down and enjoying what you’ve built. Cue the hammock, the coffee mug that says “World’s Okayest Golfer,” and maybe a national park or two. But hidden inside […]
The Retirement Tax Time Bomb (and How to Diffuse It) Read More »
I recently had a client summarize retirement planning better than I ever could:“So basically… as long as I have more coming in than going out, I should be good?” Exactly! Income > Expenses = Freedom The math isn’t complicated. If your income is consistently greater than your expenses, then you’re not dependent on a paycheck
The Simple Retirement Formula You’ve Been Searching for Read More »
A few months ago, I sat down with a new client to review his portfolio. He had worked with a previous advisor, and when I looked over his asset diversification, I saw something that made me pause—70% of his retirement savings were invested in Nvidia. Talk about too many (computer) chips in one basket? Now,
Diversification 101: What Nvidia can Teach Us Read More »
Retirement isn’t just a milestone; it’s a dynamic phase of life where your financial priorities and strategies continue to evolve. One common question that arises as individuals enter retirement is whether they can still contribute to retirement plans. The short answer? Yes…in some cases. (It’s never simple, is it?) In this blog, we’ll delve into
Can I Contribute to Retirement Plans after Retirement? Read More »
How 401(k)s are Like my Old Jeans One of the most common questions I get seems to be “What should I do with my old 401(k)?” In my experience of working with clients, old 401(k)s seem to get the treatment of that pair of jeans that I outgrew a decade ago…I know I still have
What to do with Your Old 401(k) Read More »
Taxes are likely the single biggest expense you have in your lifetime. While complete tax avoidance is nearly impossible for middle to high income earners during their earning years, with careful planning streams of tax-free income can be created in retirement. By leveraging these options, you can significantly enhance your financial security all while lowering
Four Options for Tax-Free Income in Retirement Read More »
When setting out to create your investment portfolio, maintaining a well-balanced portfolio is critical in helping to maintain your long-term financial goals. I gave an introduction to the concept of asset allocation in my blog Asset Location vs. Asset Allocation, but stated simply, asset allocation is the process of dividing your investment portfolio among different asset
Portfolio Rebalancing: How Systematic Rebalancing Leads to Higher Risk-Adjusted Returns Read More »
Often we hear about the tax loopholes that millionaires and billionaires are taking advantage of while the average Joe is left holding the bag. This is generally a mischaracterization, as these millionaires and billionaires are subjected to the same tax code as the rest of us. They simply take advantage of the tax code either
Tax-Loss Harvesting: The Tax Loophole You Are Missing Out On Read More »
Asset allocation and asset location are two very important aspects of your financial plan. The goal of asset allocation is to divide your investments into different asset classes, creating a diversified portfolio that balances risk and return. On the other hand, asset location refers to the specific accounts in which you hold your investments, such
Asset Location vs Asset Allocation: What’s the Difference Read More »
If you are like most people, you are probably confused by the concept of Roth conversions. In this blog post, we will take a look at what Roth conversions are, why they can be beneficial to your overall retirement plan, and how they work. What is a Roth Conversion? Simply put, a Roth conversion is
The Basics About Roth Conversions Read More »