If you are over age 50 and unsure about your ability to meet your retirement goals, there is still time to take action to meet those goals. The IRS allows special catch-up contributions that most individuals do not take advantage of – do not lose out on this gift from Congress.
Creating and executing a buy-sell agreement may be one of the most important moves a business owner can make. But, don’t stop there – proper implementation and integration is just as critical.
Grandparents on solid financial footing may want to consider helping to fund their grandchildren's college education with tax-effective strategies.
When it comes to your finances, you might easily overlook some of the numbers that really count. Here are four important numbers.
Deciding between a revocable living trust and will is often misguided. Typically, a revocable living trust is drafted alongside a pour-over will to provide many benefits. It may be time to revisit your estate plan with your attorney and your CFP®.
It is important to review the details and structure of your debt, your cash flow, your income tax situation, and your long-term goals in creating a roadmap for both managing your debt and providing a secure retirement.
In the article "401k Rollovers: To Roth or Not to Roth – 7 Fiduciary Questions" appearing in Fiduciary News, Steve Martin, JD, CPA, CFP®, provided insight on the pros and cons of converting 401k to the Roth IRA. Steve explains how a tax bomb may be waiting for those individuals that have relatively higher amounts in Traditional IRAs in their later retirement years due to the Required Minimum Distributions.
For future and current retirees, the question is “How much can I safely withdraw from my retirement savings each year?” While the debate rages, here is a fresh look and a simple rule of thumb.
