Bucket portfolios are designed to provide spending resources during investors’ decumulation periods, usually in retirement. They are made of three buckets, arranged by time horizon – now, soon, and later – and the investment type used in each bucket – cash, bonds, and stocks. Learn more about bucket portfolios by contacting Oasis Wealth Planning Advisors.
The SECURE ACT 2.0 provides tax minimization opportunities for some taxpayers and creates burdens for others. Having more flexibility is great, but does that increased flexibility benefit you? We will help you understand and navigate the SECURE ACT 2.0 changes and what it means for your specific situation.
Many investors are concerned with the effect of election results. Do past results suggest a useful strategy to deal with election-year uncertainty? The answer is yes, but not as you would imagine. Vote with your ballot, not with your life savings.
God made a farmer, but God also made a tax planner. Capital loss harvesting is one technique that can allow taxpayers to reap benefits if done correctly. Arguably, the benefits are often overstated in the industry, but this technique should not be overlooked.
Paying down your mortgage as you approach or reach retirement may provide peace of mind and financial benefits. Or, it could potentially cost you tens of thousands of dollars if you accelerate the payments. What is the best approach of carrying a mortgage in retirement for your situation?
Like learning curling, deciding the optimal claiming age for Social Security may seem easy from afar. Once you get into the details, it can indeed be more complicated – and consequential.
The Inflation Reduction Act of 2022 included a few tax-related provisions that may impact your situation. The extension of the more favorable premium tax credits will apply for those retiring before age 65. There are credits available for those looking to purchase elective vehicles or make energy-related improvements to their home. Finally, those spending a considerable amount on prescriptions under Medicare may obtain some relief through this legislation.
In a bear market, our first reaction might be to make a change in our financial portfolio. However, if your assets are invested properly, you should be able to survive the down turn without much overall loss.
