While the tax code remains a constant, different rules are relevant during your working years and retirement. The rules and strategies centered on saving for retirement in a tax-efficient manner fade to a distant memory, and a new set of rules around spending and withdrawing sink in.... Read More
In December 2019, the SECURE Act was passed, upending how IRA beneficiaries distribute their inheritance. Confusion quickly spread among inheritors and across the wealth management industry—are Required Minimum Distributions needed or not? After many years in limbo, the IRS finally released Final Regulations clarifying the important provisions.... Read More
Retirement can be a daunting topic—the idea of not receiving a paycheck anymore and starting to spend down your life savings can cause fear and anxiety. However, what if I told you that not receiving a steady paycheck is the best thing to happen to your tax planning options? ... Read More
Your 30s tend to be a decade ripe for big life changes. During periods of rapid or constant change, it’s easy to lose sight of goals. How can you combat these changes and graduate from your 30s with your finances intact? ... Read More
A financial plan consists of many topics, but one of the main focal points is retirement. Having worked as a financial planner for over seven years, I’ve picked up anecdotal and experiential observations that shed light on some of the common retirement myths and misconceptions I’ve noticed over my career.... Read More
While on vacation, I got caught in a poolside conversation about money, as one does when they’re a financial planner. The conversation was about a wealthy family friend who gifted each of their adult children an 8-figure sum of money and how one of the children has already spent the multi-million dollar gift.... Read More
While marriage is accepted as the societal norm, it's not right for every couple. If you are evaluating whether or not to tie the knot, consider the unique financial incentives, opportunities, and pitfalls of wedded bliss.... Read More
As a Wealth Advisor, I've reviewed hundreds of client tax returns over the years. Unfortunately, even as tax prep software evolves, several common mistakes prevail and every year I catch a few. So how can you avoid these common (and costly) errors?... Read More
What would you do if you discovered that your spouse had a secret credit card and that he/she racked up over $30,000 in charges? Money problems are often cited as a leading reason for divorce. Let's explore one money problem in particular—financial infidelity.... Read More
As a financial planner, I work primarily with early and mid-career professionals. So, as you can imagine, I field many questions from my clients. But, believe it or not, there are two repeat questions I receive that tell me everything I need to know about a person’s mindset.... Read More
