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

Qualified Charitable Distributions

Many people feel good about giving money to charities.  They also like to get the corresponding tax deduction.  Unfortunately, fewer people are taking advantage of the tax benefifs of charitable giving since the Tax Cuts and Jobs Act took effect in 2018.  This is why I wanted to shed some light on Qualified Charitable Distributions.  …View Article

Parenting With Wealth – 5 Things To Never Tell Your Kids

I have been reading a few books lately about steps that wealthy families can take so that their kids do not end up as spoiled, entitled brats who lack ambition. Money can solve many of life’s problems and lead to a wonderful lifestyle. Sadly, parenting with wealth is not easy and, in some respects, makes …View Article

Employee Stock Options: The Basics

The road to riches for many key employees and executives is paved with equity compensation. Today’s article is going to focus on Stock Options, the tool that started the equity compensation craze among tech companies (and subsequently all types of companies) to attract and retain talent and “share the wealth.” The idea behind stock options …View Article

Kisner Girls Save Lost Dog

At approximately 5:15 a.m. last Sunday, my wife Angela was driving our daughters, Gracie (13) and Maya (12) to horseback riding. A car in front of our minivan suddenly hit its brakes and swerved. Gracie and Maya saw a small, injured dog running across Shea Blvd, near 67th Street, in Phoenix. “Mom, stop!” Angela slowed …View Article

Cryptocurrency: Speculative Fad or the Future of Finance?

Digital money, known as “cryptocurrency,” has continued to gain acceptance, both among speculative millennials as well as institutions. I used to think cryptocurrency was an over-hyped fad that got too much press. Nevertheless, you cannot avoid it anymore. Many people are blinded by the price volatility and their personal biases, but the reality is cryptocurrency …View Article

New Retirement Plan Contribution Limits for 2021

Now that most everyone has filed their 2020 taxes, let’s review how much you can sock away in tax-deferred retirement accounts in 2021 (assuming you still have “earned income”).  The IRA (and Roth IRA) contribution limits remain at $6,000 for folks who are under age 50 and $7,000 for those 50 and above. Many other …View Article

Drivers of Life Satisfaction Among Retirees

This past week, I attended a presentation (via webinar) featuring a prominent retirement researcher, Michael Finke. I made notes on the items I found interesting and want to share them with you. Here they are in no particular order: The single most important factor influencing happiness and well-being in retirement is… Creating and maintaining friendships. …View Article

Life Insurance – Do Retirees Still Need It?

Often retirees own life insurance that they bought many years ago when their needs were different. The purpose of most life insurance policies is to make sure your family will be okay if you are no longer around to earn a paycheck. So, now that you have burned your business ties and thrown your briefcase …View Article

Additional Stimulus Payments: Everything You Need to Know

The big news of the past week is Congress passed the American Rescue Plan of 2021. This is the third stimulus plan since the Covid-19 pandemic began a year ago. This legislation authorizes $1.9 trillion in additional government spending to help households, state governments, educational institutions, and the broader economy. A lot was in this …View Article