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 2018 IRA Contributions.  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 only 53% of households with people age 55 …View Article

Sequence of Return Risk

Most analytical people love spreadsheets…myself included. Personally, I would put Microsoft Excel on my list of top 10 inventions of all time. However, spreadsheets are dangerously inadequate when it comes to creating a financial plan. The problem with this type of “traditional” planning is it assumes that annual investment returns are a constant number, such …View Article

Living Trusts: Who is Your Trustee?

Most people spend a lot of time thinking about the details of their wills or living trusts (except for Prince). Most of the deliberation is, “Who should get how much, and when?” A second consideration is, “Who should I leave in charge of carrying out my wishes?” The person who carries out your wishes is …View Article

529 Plans for Your Grandkids

I have written quite a bit about 529 plans, including this post: 529 Plan FAQs. However, I was intrigued this week by an article I read that made the point that more Americans are giving the gift of college, setting 529 plan records. Many 529 plans saw double digit increases in gift contributions during this …View Article

How Americans Spend and Borrow

Most people are familiar with the saying “A picture is worth a thousand words.” I feel that way about charts and graphs. Today, I wanted to share a couple I thought you might find interesting. These charts may not make you a better investor, but you will look well informed at your next cocktail party. …View Article

Capital Gains Taxes – How to Pay Less

It has been a national pastime to complain about taxes. In fact 45% of Americans feel that their taxes are too high, even though only 56% of Americans pay any federal income tax. It is not my intention to convince you that taxes are too high or too low. However, I have noticed that many …View Article

Finding Ideal Retirement Jobs

Last week, I wrote about retirees’ attitudes toward working in retirement and starting “encore” careers. The bottom line was they really enjoyed continuing to work in some capacity, according to a survey of 7,000 such retirees. Furthermore, money was not the main motivator. So, the next question is how do you find ideal retirement jobs? …View Article

Retirement Jobs: Do you want to keep working?

I’m not trying to convince retirees to go back to work. In fact, I love telling clients that they can retire and direct their energy toward leisure and their bucket list. That being said, it turns out that many retirees love working in retirement. Approximately 1/3 of the Uber and Lyft drivers I’ve had the …View Article

Social Security – What If It Goes Bankrupt?

Recently, I was teaching a Taxes in Retirement class and the discussion shifted to how to decide “when” to collect Social Security. I was explaining the conditions in which it makes the most sense to defer Social Security until age 70. One attendee asked how he should factor in the possibility of Social Security Benefits …View Article

Dollar Cost Averaging: When Should I Invest This Money?

Most people think of market timing as trying to decide when to get out of the market in order to avoid the next downturn. However, market timing works the other way too. Sometimes investors have a lump sum to invest and they’re trying to determine a good entry point. I have seen several examples of …View Article