CLEAR AND CONCISE
 FINANCIAL ADVICE®

The first step to a brighter future is vision.

Learn the ins-and-outs from our retirement blog.

ROTH IRA vs. Traditional IRA: Which is Better?

Reminder: April 15th is the last day to make your IRA Contributions for the previous tax year.  I must be living in a bubble. I thought everyone had a least one IRA, ROTH IRA or qualified retirement account. Most people I meet have more than one, yet it turns out that half of working age …View Article

Household Budget – More Than Just Tracking Expenses

When I was a kid, my mother had a “food allowance.” It was a sum of money she got every other week to spend on groceries. She kept it in an envelope in her purse so she could see when she was running low. I remember many times that we couldn’t buy this or that …View Article

RMDs: Reduced Beginning in 2021

On Nov 7, 2019, the IRS proposed updates to the life expectancy tables used to calculate Required Minimum Distributions (RMDs). The new changes still need to go through a formal approval process and are not scheduled to be implemented until the 2021 tax year. However, the changes are not controversial and are expected to be …View Article

Gifting Money or Assets to Adult Children

Many of our clients are torn over whether to give money to their children while they can see them enjoy it or make them wait to inherit the money after their passing.  There are pros and cons to each, so today’s article is going to help you think through these issues. Can you afford it? …View Article

Should You Refinance Your Mortgage?

Last year, interest rates were on the rise. I expected them to continue rising, so I refinanced the adjustable rate mortgage I had on a rental property. Apparently, I did not time that too well because rates have been falling ever since. I can’t believe that 10-year government bonds are back to 1.7% and the …View Article

Healthcare Costs in Retirement

I can’t think of any expenditure that gives retirees less enjoyment than medical costs. Nevertheless, healthcare is an important spending category among retirees. Many pre-retirees are not sure how their medical costs will change once they are eligible for Medicare at age 65. Today’s article will provide an overview and some estimates for your retirement …View Article

Saving for Retirement – How Much Do You Need?

How much should I be saving for retirement? That seems like a straightforward question for your financial advisor. Wouldn’t it be nice if you could get a straightforward answer? Everyone wants to boil down financial planning to simple rules like “Always save 10% of your pay.” Saving a percentage of your income is one of …View Article

Budgeting Advice for New College Graduates

I remember thinking when I was in college that life would be perfect if I could just earn $1,000 a week. Naturally, the average starting salaries back then were about half of that. I am pleased to report that this year’s 2.25 million students who will receive bachelor’s degrees and enter the workforce can expect …View Article

Health Savings Accounts (HSA)

This week, one of my clients asked me to write about Health Savings Accounts (HSAs), so here’s the scoop. HSAs help people reduce their health insurance costs and save money on taxes. So far, so good, right? However, you can only open an HSA if you also have a high deductible health insurance plan (HDHP). ...View Article

Trade War Heats Up

The trade war has been dominating headlines this week, so I thought I would chime in with a few thoughts and insights. First, a little background… The idea behind free trade is we should all specialize in whatever we can do better and cheaper than anyone else and then trade to get the things others ...View Article