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 FINANCIAL ADVICE®

The first step to a brighter future is vision.

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

Retirement Planning: FAQs

Prior to the Covid-19 pandemic, approximately 40% of the retirees stopped working sooner than planned as a result of medical issues, the need to take care of a loved one, or corporate downsizing.  That number of may be about to skyrocket as workers find they do not have a job to go back to or …View Article

Financial Relief for Individuals & Small Business Owners

The federal government has responded to the Covid-19 pandemic with a wide variety of relief programs and stimulus spending to help individuals and small businesses.  However, many Americans are confused regarding which programs they are eligible for, and if they will receive benefits automatically or if they need to apply for them.  This week, I …View Article

Coronavirus Stimulus Plan: What It Means to You

The Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 seems to have something for almost everyone. The bill is 335 pages long, so today’s article is a summary of the few provisions most likely to affect our clients, specifically recovery rebate checks, which 90% of American households will receive, and the waiver of …View Article

Five Opportunities in a Financial Crisis

Most people know intellectually that bear markets (20% decline in stock prices) are a temporary phenomenon, but they still feel lousy. One thing that makes these declines feel much better is taking advantage of corresponding opportunities. Here is a list of five opportunities that become more compelling during a financial crisis: 1)  ROTH IRA conversions …View Article

Investment Risks That You Don’t See Coming

Most investors do some homework before buying a stock to avoid obvious investment risks. Typical analysis includes looking at company valuations and financial metrics, such as sales growth, price to earnings ratios, return on equity, dividend yield, and free cash flow. Another level of analysis looks at products, competition, and management team, and the final …View Article

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