Financial Planning
How Do You Create a Retirement Paycheck? The Question Most Executives Ask About Retirement Income
Retirement Questions – Create Your Retirement Paycheck If you’re within a few years of retirement, you may be sorting through several questions as you move towards your “Work Optional Years”. These may include What does my social circle look like now that I’m not working? How will I spend my time? Should stay in my…
Read MoreWorking On Your Taxes? Don’t Miss These 3 Tax Planning Opportunities!
Tax Season Trials We are deep into tax return season. Most of us are pulling our hair out searching missing deductions to offset last year’s obligation. Or, if you’re REALLY efficient and have finished your 2023 return, you’re probably looking for ways to reduce next year’s bill. Cheer up, friends. There may be some hope.…
Read MoreConsidering a Small Business Retirement Plan? Don’t Forget These Tax Credits!
If you’re considering a new retirement plan for your small business in 2024, Congress has provided tax credits for eligible plans that can offset your startup costs. The tax act, SECURE 2.0, provides for a “Startup Credit” and an “Employer Contribution Credit”. Each credit may reduce your startup or ongoing out of pocket costs.
Read MoreThe Uncomfortable Holiday Conversation – Long Term Care
The holiday season has begun. Many of us will share great meals and good times with family. Unfortunately, you may realize that some of those that you love are no longer in the same physical condition that they once were. As this video explains, their needs may be beyond what you and your family are…
Read MoreWorking In Retirement? What Are Social Security Earnings Limits?
Heading Into Work 2.0? Are you considering a Second Act in retirement? Second Acts have become quite common. Several of my clients have started earning a paycheck from new gigs during their work optional years. A dentist started a side hustle based on his love for fly fishing. A former purchasing executive created a lucrative…
Read More5 Questions You Must Ask Before Claiming Social Security
Hello everyone. Welcome back. If you are a working man or woman who is approaching retirement, there is one decision you must make, and if you make it incorrectly, the result can be the loss of hundreds of thousands of dollars of your retirement income. That’s the Social Security Claiming decision. Social Security Gets Personal…
Read More3 Tax Facts That Executives and Business Owners Need to Know About SECURE 2.0
TRANSCRIPT: Happy New Year Everyone! While many of us took advantage of some downtime during the Holidays, our elected representatives in Congress passed an 1800-page tax bill known as SECURE 2.0 which contains several items that well compensated executives and business owners should understand as they manage their finances over the next several years I’m…
Read MoreRetiring Soon? How to Avoid the Taxation “Death Star”!
Creating a Personal Paycheck If you’re within 5 years of retirement, it’s important to take an inventory of the assets that will provide a “personal paycheck” during your “work optional “years. You probably own a traditional IRA or a 401k account with a previous employer. You may also have a Roth IRA and maybe a…
Read MoreFour Wealth Building Tips for Twenty-Somethings
Not Your Father’s Money Tips Hello Everyone! Once again, I will dig into my mailbag to discuss a viewer’s question Jean from Rocky Top asks “What are the best financial moves a 20 something year old can make today?” Thanks Jean- Great question. I’ve been lucky enough to have several clients refer their adult children…
Read MoreFive Mistakes You Want to Avoid Before Retirement
Preparing for retirement is more than selecting a date. Here are 5 mistakes that executives can make before they retire.
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