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Hello, and welcome to my blog! Here, I will be posting articles and thoughts relevant to the financial industry, retirement, investments, and financial planning, as well as other related topics. I am also willing to answer questions and respond to any concerns you may have. If you'd like to contact me with a question you want me to address, please email me, and I can either answer directly or in this forum.

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Tuesday, June 4, 2024

According to the Employee Benefit Research Institute’s latest update to its 30+ year survey of workers and retirees, there is a gap in expected retirement ages vs. actual retirement ages. While the median expected age of retirement was...

 

Monday, April 29, 2024

According to a recent survey from Pew Research Center, nearly half of all U.S. workers fail to use all their allotted vacation days. Why? Too much work to do and reluctance to ask their coworkers to cover for them are among the top...

 

Tuesday, March 26, 2024

In the ever more complicated world we live in, it can feel like both our mailbox and email inbox are consistently overflowing with new statements, receipts, account change documents/announcements, and so on. Whether you keep important...

 

Thursday, February 15, 2024

The term “estate planning” might call to mind something reserved for the very wealthy who are looking to avoid estate taxes. But estate planning is much more than that: it’s also the process of designating who will receive your assets,...

 

Monday, January 22, 2024

While most of the focus this year in planning surrounding education is on provisions of the SECURE Act 2.0 that allow for new flexibility with unused funds in certain education savings accounts, there are six key changes to financial...

 

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Monday, December 18, 2023

On December 23, 2022, Congress officially passed the SECURE (Setting Every Community Up for Retirement Enhancement) 2.0 as part of a $1.7 trillion omnibus spending package, with the bill signed into law by President Biden eight days...

 

Tuesday, November 21, 2023

As we approach the end of another year, we thought it would be helpful to provide a list of opportunities to hopefully help you end 2023 on a financial high note. Tax Loss Harvesting: For those with taxable investments that have an...

 

Tuesday, October 17, 2023

According to the Social Security Administration, the 71 million Americans who receive Social Security benefit and Supplemental Security Income (SSI) payments will see an increase of 3.2% next year. This is an average increase of...

 

Monday, September 11, 2023

Many investors are likely to see the recent 5% (or higher) yields in short-term instruments like CDs and Money Market funds as too good to pass up. With interest rates near zero for such an extended period of time, the past 12 months...

 

Tuesday, August 8, 2023

Last month we talked about some practical summer planning ideas: more nuts and bolts. This month, we look at some aspects of the more touchy-feely side of planning. It’s important to remember, financial planning is not just about...

 

Thursday, July 13, 2023

Summer is officially here. While we of course look forward to rest and relaxation during these warmer months, it can also be an ideal time to check on a few important but less urgent planning items. This is especially true if you were...

 

Wednesday, June 21, 2023

With the 2nd half of 2023 nearly upon us, we take a quick look ahead at some important upcoming dates for which to prepare.September 15th: Estimated Tax Payments for the 3rd quarter are due for the self-employed or those who do not...

 

Tuesday, May 9, 2023

If you have a certificate of deposit (CD) that is maturing soon, it’s time to make a decision. Your CD has been collecting interest for months or years, helping you to get closer to your financial goals. Now you need to decide whether...

 

Wednesday, April 12, 2023

Last month, we reviewed 529 College Savings plans, why people use them, and how the use of funds has expanded over the last few years.This month, we’ll review options for unused savings in order to minimize taxation or penalty on...

 

Thursday, March 23, 2023

Most people have heard of 529 College Savings plans and understand their value in relation to saving money for future higher education for young family member. What some may not know is that the qualifying use of these dollars as well...

 

Wednesday, February 22, 2023

Do you have 529 college savings funds that may go unused by their intended beneficiary? Your first option is to provide the money to another beneficiary. However, if you don’t have an alternate beneficiary to whom you want to transfer...

 

Wednesday, January 25, 2023

In late 2022, the SECURE Act 2.0, a bill three years in the making, was signed into law. While there are several provisions in this bi-partisan-supported bill, we’ll highlight just a few that may be particularly interesting with...

 

Tuesday, December 20, 2022

As we wrap up another year, let’s look ahead to the first half of 2023. Here is a short list of some important upcoming dates to watch for. January 1stThe first of the year is when cost-of-living increases are effective for Social...

 

Wednesday, November 9, 2022

As we approach the end of another year, a year that has been challenging on many fronts, we thought it would be helpful to provide a list of opportunities that could end 2022 on a positive note.Roth IRA Conversions: When market values...

 

Wednesday, October 26, 2022

The Social Security Administration has announced the Cost of Living Adjustment (COLA) for 2023. Based on the Consumer Price Index (CPI-W) from the third quarter of 2021 through the third quarter of 2022, recipients of Social Security...

 

Tuesday, September 20, 2022

Traffic jams are unwelcome nuisances. Unless we know the cause and what every other driver on the road is going to do at any given time (which is of course impossible), we can’t know the right route to get to our destination quickly...

 

Thursday, August 11, 2022

ESG (Environmental, Social, Governance) investing involves a set of characteristics used to evaluate potential investments, and their impact on society at-large. These factors generally include how a company cares for and impacts the...

 

Wednesday, July 13, 2022

With the significant increase in property values in many areas of the U.S., if you own a home, now may be a good time to review your homeowner’s insurance policy. Why? Well first off, one in twenty insured homes has a claim each year,...

 

Monday, June 13, 2022

If you missed last month’s Digital Assets Part I, take a quick read as to why we should be concerned about this area.As we shared in our last post, Digital Assets can include information stored on an individual’s digital devices...

 

Thursday, May 19, 2022

This is first part of an updated series on Digital Assets, which we hope will be helpful as the things we purchase and memories we store are more and more intertwined with technology.Part I: What is a Digital Asset, and Why Should I...

 

Thursday, April 28, 2022

Legacy can be a subjective, even philosophical topic. What should be handed down to the next generation and how should a person or family be remembered? When it comes to financial legacy, often a critical part of the definition...

 

Monday, March 28, 2022

Once you file your tax return each year, it’s a good idea to start planning for next year’s return. Here are a few things you can look at doing today to help set yourself up for success in tax year 2022. Did you owe more than $1,000 or...

 

Wednesday, February 23, 2022

Depending on your tax situation, your investment and tax advisors may have suggested looking at converting some of your Traditional IRA assets to a Roth IRA. Potential benefits of a Roth conversion include tax-free growth and no...

 

Wednesday, January 26, 2022

As we approach the end of each year, giving is often our minds. However, with close to 90% of US taxpayers now taking the standard deduction on their tax return, is there still also a financial incentive to give to charity? Good news:...

 

Wednesday, January 26, 2022

This is the time of year for festive gatherings and generosity. It’s also the time of year when we get a glimpse of expected financial changes for 2022. Contribution limits for some retirement accounts will be increasing in 2022. We...

 

Tuesday, January 25, 2022

Each January many people reflect on the past year and set new goals for the next 12 months and beyond. When it comes to retirement, a “bucket list” is a common reference to checking off a list of activities in which you want to...