Now What? Financial Planning Tips for New Retirees
Now What? Financial Planning Tips for New Retirees Are you just starting or nearing retirement? It’s time to fine-tune your retirement strategies to ensure you’re retirement ready. This workshop offers an in-depth look at the financial planning topics all new (or aspiring) retirees need to consider including budgeting, investment management, healthcare costs, social security, common […]
Charitably Inclined? Pair a Donor-Advised Fund with Your Estate Plan
Your estate plan is the perfect place to make charitable gifts if you’re a charitably inclined individual. One vehicle to consider using is a donor-advised fund (DAF). What’s the main attraction? Among other benefits, a DAF allows you to set aside funds for charitable giving while you’re alive, and you (or your heirs) can direct […]
WEBINAR – Financial Fitness 2025: Key Information and Strategies to Help You Navigate the Year Ahead
Finances play a significant role in our lives, affecting stress levels, relationships, and overall well-being. Now is the perfect time to look at various aspects of your life and develop a plan to improve your financial fitness. Join us for an overview of key financial data that may impact your finances in the year ahead […]
Tread Carefully with Early Retirement Plan Withdrawals
Tax-deferred retirement plans, such as traditional 401(k)s and IRAs, were designed to make building up a retirement nest egg easier. So they’re structured with both carrots (tax-deferred compounding in the account) and sticks (taxes and sometimes penalties on withdrawals) to encourage you to leave your money in the plan. But what if you need to […]
8-Step Year-End Checklist
HARVESTING LOSSES Even in the best of times, not every investment may perform as expected. Tax-loss harvesting refers to selling a security in a taxable brokerage account that is worth less than its purchase price. The loss can be used to offset a gain in a taxable account or reduce your income by up to […]
Some Retirement Plan Benefits Will Increase for 2025
With the 2025 tax year almost here, there’s news from the IRS about retirement savings. According to a recent announcement from the tax agency (Notice 2024-80), there will be increases to some retirement plan contributions next year due to inflation adjustments. However, with inflation coming down, not all types of retirement plans will see increases, […]
Elder Scams: Don’t Take the Bait
Today, virtually everyone is vulnerable to fraud schemes, from teenagers searching social media to middle-aged people making online purchases and senior citizens caught up in Ponzi schemes. But financial exploitation of elderly people is especially rampant. According to a recent study by the American Association of Retired Persons (AARP), Americans lose an estimated $28.3 billion […]
Have You Considered a Backdoor Roth IRA Conversion?
Traditional IRAs are a well-known, tax-deferred retirement saving vehicle. But they come with a major downside: You’re taxed on withdrawals. Roth IRAs eliminate this downside. You can take federal-income-tax-free qualified withdrawals, but the trade-off is that contributions to Roth accounts don’t reduce your current-year taxable income. If you want to jump on the Roth IRA […]
WEBINAR: 2024 Year-End Planning & Tax Update
Click below to watch our 2024 Year-End Planning & Tax Update led by Douglas W. McCabe, CPA, Esq., Emilee N. Snader, CPA, and Gigi G. LeKites, CFP®, CRPC®. This one hour webinar covers the latest tax issues, an overview of recent legislation, and year-end planning opportunities. For educational purposes only. Nothing in this article is […]
Just Married? Financial Chores to Complete when You Tie the Knot
Wedding season may peak in late summer and early fall, according to wedding website TheKnot.com, but new marriages take place all year round. Whether you’re planning a wedding celebration now or later, it’s important to remember the administrative tasks to address when you say, “I do.” Many of these tasks relate to name changes. Some […]
