Working with an Adviser Archives - Rodgers & Associates

Blog posts from Rodgers & Associates on working with financial advisers, including how to find one, the different types, what “fee-only” advisers do differ­ently, what to expect, and how to get the most from the relationship

How “Gray Divorce” Can Affect Your Financial Future

Rodgers & Associates

Divorce rates are on the rise for those over the age of 55. Learn about the financial impli­ca­tions of this signif­icant life event and get guidance on how to navigate the many consid­er­a­tions individuals face.

What You Need to Know About RMDs

Rick Rodgers

Many clients have questions about when they need to withdraw money from their IRAs and what the rules are for Required Minimum Distri­b­u­tions (RMDs). Learn how to evaluate distri­b­ution options and avoid penalties that arise when RMDs are not met.

Phase 1 of the AGILE Retirement Journey

Jeremie Patrick

Did you know a critical phase of retirement begins 10 years out? We’ll go over what you need to do in phase one on this edition of Project Wealth.

AGILE Overview

Christopher Hershey

Retirement is a journey to be enjoyed over time, not a desti­nation. Chris Hershey will help you plan for your unique journey on this edition of Project Wealth.

What is the Rodgers & Associates Financial Planning Process?

Rick Rodgers

Our approach to retirement planning combines the seven-step process outlined by the Certified Financial Planner Board of Standards with our own unique focus on maximizing tax efficiency, managing risk, and minimizing expenses throughout retirement.

6 Ways to Help You Reach Your Retirement Goals

Rick Rodgers

It’s never too early to start planning for retirement. By setting a strategy— and sticking to it—you can help achieve your goal of financial indepen­dence sooner.

Is Your Adviser Worthy of Your Trust?

Lee Pelko

It’s not enough to connect with your financial adviser. Use these 10 questions to find a financial adviser you can trust with your finances.

5 Keys to Financial Success, Revisited

Rick Rodgers

Johnny Depp was the fifth highest-paid actor in 2016 earning $48 million. Unfor­tu­nately, almost all of Depp’s entire $8.7 billion fortune is now gone.

When and Why You Should Convert an IRA to a Roth

Rick Rodgers

The Tax Cuts and Jobs Act of 2017 (TCJA) elimi­nated the ability to use rechar­ac­ter­i­zation to reverse the conversion of a Tradi­tional IRA into a Roth IRA. The process of undoing a Roth…

Every Walt Needs a Roy – Disney that Is

Patrick Carney

Walt Disney’s success was in large part due to his brother, Roy. Here’s what Roy and Walt teach us about the client-financial planner relationship.

5 Ways to Close the Retirement Gap and Increase Savings

Rick Rodgers

Last fall The Washington Post reported[1] that 71% of American’s aren’t saving enough for retirement. The article was based on a national survey commis­sioned by Experian in collab­o­ration with Get Rich…

7 Steps To Follow When You Receive a Pension Buyout Offer

Rick Rodgers

Nearly 200 companies have made signif­icant changes to their pension plans over the past 10 years. Plan termi­na­tions, freezes and benefit formula adjust­ments are some of the changes companies are…

What It Means When Your Account Is “Insured”

Rick Rodgers

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.…

Qualified Charitable Distributions Now Permanent

Rick Rodgers

President Obama signed into law the Protecting Americans from Tax Hikes (PATH) Act of 2015 on December 18th. The new law extended over 50 expired provi­sions of the tax code.…

Maximize Health Savings Account Tax Benefits

Rick Rodgers

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…

Tips for Reviewing Your Life Insurance Needs

Rick Rodgers

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.…

More Common Retirement Questions

Rick Rodgers

This week’s newsletter is a contin­u­ation of a series on planning for retirement that I started early in the summer. There is a lot of infor­mation available about retirement planning but most people find…

Hardship Withdrawals – What are the Real Costs?

Rick Rodgers

The victims of Hurricane Sandy may have thought they were receiving help from an unusual source – the IRS. Last year the IRS Announcement 2012–44 granted relief in the form…

9 Ways to Beat the Medicare Surtax — Part 3

Rick Rodgers

This week we conclude our series on minimizing the new 2013 taxes on upper income taxpayers (see Part 1 and Part 2). Not only did the new year bring new…

9 Ways to Beat the Medicare Surtax — Part 1

Rick Rodgers

The year 2013 brings some new taxes for upper income taxpayers as well as a return of the higher tax rates from 2001. The American Taxpayer Relief Act of 2012 (ATRA12)…

When Is Your Beneficiary Not Your Beneficiary?

Rick Rodgers

A man enrolled in his company’s 401(k) plan and named his wife as the sole benefi­ciary of his account. Years later, his wife died and the worker updated his account to…

Consolidating Employer Retirement Accounts

Rick Rodgers

The average American will hold 11 jobs between the ages of 18 and 62, according to the Bureau of Labor Statistics (2010). When you start a new job, you probably remember…