How Will You Find Meaning, Identity, and Purpose in Retirement?
Financial planners and most of the financial press tend to focus on the financial aspects of planning for retirement. Are you saving enough money? Will your savings last through the…
Organize Your Financial Documents with These 10 Helpful Categories
Save time, Save money, Save headaches!
Variable Annuities: How To Evaluate Whether You Should Keep One
Unfortunately, it is not uncommon to meet prospective clients who attended an “informational” seminar, got a nice steak dinner, and ultimately purchased an annuity that may cost them thousands of dollars…
How To Avoid Paying Taxes Twice on the Same Income
What’s worse than paying income taxes? Paying taxes on the same income twice. Before putting away your 2015 tax folder, make sure your return contained Form 8606 if you have…
Could You Be Obligated To Pay a Parent’s Nursing Home Bills?
Pennsylvania’s Superior Court ruled in Savoy v. Savoy that an indigent mother could sue her adult son to pay her overdue nursing home bills. The case was decided in 1994…
What It Means When Your Account Is “Insured”
Deposit insurance depends a lot on what kind of account you have and what is actually held inside the account. You should understand how accounts are insured before you make a deposit.…
Why Standard Deviation Matters When Choosing Investments
Volatility often causes people to make decisions that may not be in their best interest.
Maximize Health Savings Account Tax Benefits
The IRS announced the inflation-adjusted deduction limitations for annual contributions to health savings accounts (HSA) beginning in 2016 through Revenue Procedure 2015–30. HSA deduction limits are updated annually to reflect…
Don’t Overlook the Importance of Tax Efficiency
Tax efficiency is another important key to assuring you don’t outlive your money.
Income Tax Traps: Don’t Let Them Trip You Up
Whatever happened to tax reform? National news has been focusing on different issues recently but the effort to reform the tax code is far from finished. Unfortunately our two political…
Fiduciary vs. Suitability Standard
Would you be surprised to learn the financial services industry doesn’t follow a uniform standard of care? The financial advice you receive from a bank, credit union, brokerage firm, or independent financial…
What Is IRS Form 5498?
…. keep these forms to save on taxes in the future
Estate Planning: What You Should Know About Asset Titling
I recently met with a couple who had just received a sizable inheritance from the wife’s father. An event like this usually raises questions about the impact on their financial plan, tax…
Consider Roth IRA’s to Balance Your Retirement Savings Strategy
Roth IRAs are more popular than ever according to a new analysis by the Employee Benefit Research Institute (EBRI). Roth IRA balances increased 16.6 percent from 2010 to 2012, compared with…
Where is Your Social Security Benefit Statement?
The benefit statement contains an estimate of monthly benefits at various claiming ages and for disability claims.
8 Investment Decisions That Can Have a Huge Impact on Your Taxes
No one wants to think about 2014 tax planning when the 2013 tax season is finally ending. However, tax planning should be a year round activity if your goal is to…
How to Manage Risk in Your Retirement
More frequently asked retirement questions.
Retirement FAQs — Answers to Your Rollover Questions
Answers to common questions about rollovers.
Tips for Reviewing Your Life Insurance Needs
The beginning of a new year is the time we all look for a fresh start. That’s why we make resolutions in hope our fresh start will carry through all year long.…
Health Savings Accounts Can Reduce Taxable Income
How to be more prepared for medical expenses in retirement.
