Posted by Nancy Hecht, CFP®, AIF® While many taxpayers have payroll deduction retirement plans, it does not necessarily prevent you from making a deductible IRA contribution. If you are married filing a joint return and your adjusted gross income is between $98,000 – $118,000, you can make a partial or completely deductible IRA contribution for […]
You may be able to cut your 2016 tax bill Read More »
Posted by Gary Abely, CFP®, AIF®, CPA “Volatility is not risk, it is the source of future returns.” – Jan. 10, 2016 “Volatility” can be measured by using the standard deviation or variance between returns from a market index over a certain time frame. While volatility is not exactly risk, it can provide an indication
2016 Quotes that may resonate in 2017 Read More »
Posted by Nancy Hecht, CFP®, AIF® A fresh new year is once again upon us. It’s the time to be thankful for the blessings of the past year and to take stock of all our achievements. At the same time, New Year 2017 is a brand new year to start afresh, to start strong, and
Posted by Denise Kovach, CFP®, AIF® Mistiming a divorce. I know, if you are in the process of getting a divorce you don’t always have a choice of when things will become official. However, if you do there is an opportunity to monetarily benefit from, without affecting, your spouse’s SS benefit while leaving your own
Social Security mistakes you should avoid Read More »
Posted by Gary Abely, CFP®, AIF®, CPA Most of us have heard that in retirement we can withdraw approximately 4 to 5% per year from our retirement accounts without too much worry about outliving these assets. One of the biggest risks a new retiree faces is sequencing of returns, or a bear market in the
Withdrawal Strategies in Retirement Read More »
Posted by Judith Sanborn, CFP®, AIF® Decade by decade, our costliest financial errors vary by age.
The Biggest Money Mistakes People Make Read More »
Posted by Denish Kovach, CFP®, AIF® The short answer is “Not without paying taxes.” The IRS considers moving money from your IRA to a 529 plan as a distribution included in your taxable ordinary income. Plus you would face an additional 10% penalty if you are not yet age 59-1/2. So rather than opening the
Can I Roll my Traditional IRA into a 529 College Plan? Read More »
Posted by Aaron Bert, CFP®, AIF® The one incident that could change your entire future Whenever you read about important topics like long-term care, health care or retirement, you’re likely inundated with facts and numbers. The cost of care, the likelihood you’ll experience various diseases, how much you’ll need in retirement to live and pay
When You’re the “One” Read More »
Posted by Nancy Hecht, CFP®, AIF® Recently I was listening to a competitor’s radio show and the financial advisor speaking stated that your past life as an employed person, and how you were living it, does not matter for retirement planning. I respectfully disagree with this guy. Your past matters a lot. The crux of
Your past does matter. Read More »
Posted by Judith Sanborn, CFP®, AIF® What you should know in order to benefit the most from this type of inheritance. An inherited individual retirement account or IRA, lies at the tricky 3-way intersection of estate planning, financial planning and tax planning. One wrong decision can lead to expensive consequences. The first thing to do
8 Ways to go wrong with a traditional Inherited IRA Read More »
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