Have you ever thought about selling your rental and reinvesting the proceeds in another property? If so, you may be able to avoid paying capital gains taxes on the sale of your original property by completing a 1031 exchange. Named after section 1031 of the US Tax Code, this strategy is commonly used by investors […]
Introduction Hey, future retirees! Are you feeling a bit nervous about actually using those hard-earned savings? We know it can be stressful, but guess what? With the right retirement withdrawal strategy, you can make that money last longer than you ever thought possible. It's all about learning how to tap into your assets in the […]
What is a Roth Conversion? A Roth conversion is a financial maneuver that can be beneficial for tax savings. Essentially, it involves converting money from certain retirement accounts such as Traditional IRAs and 401(k)s into Roth IRAs. This allows the money to grow tax-free since they are already after-tax contributions. By doing this, individuals can […]
Introduction When it comes to planning for long-term care, there are a lot of things to consider: Long term care (LTC) insurance is designed to help pay for expenses associated with long-term care services, such as nursing home care, in-home support, assisted living, or adult daycare. The first step is figuring out the cost and […]
At a Glance Small Win #1: The Economy Bounced Back in Q3 U.S. economic growth made a comeback last quarter – the economy grew 2.6% after shrinking in the first half of 2022. That's good news because it means we're not in a recession (yet).1 But, there are a couple of caveats we should pay […]
If you're like most people, you dream of retiring as early as possible. But what if you need to access some of your retirement funds before age 59½? Is that even possible? The answer is yes, it is possible—but there are a few things you need to know in order to do so. In this […]
One of the most common questions taxpayers have is “when to use qualified charitable distributions (QCDs) instead of donations in kind”. While there are advantages and disadvantages to both methods, ultimately it comes down to reducing taxes. In this article, we will explain both and the best ways to maximize your tax savings. We will […]
Deciding when to start social security is one of the most important retirement planning decisions you'll make. There are a number of factors to consider, and the decision can have a significant impact on your financial security in retirement. This article outlines the key things to think about when making your decision. When should I […]
At a Glance Introduction The most recent inflation data shows that inflation continues to persist near recent highs.1 We are seeing cracks form particularly in the housing markets and goods markets. We expect to see prices flatten or fall in the next 12 months as the Fed continues on its crusade to slay the inflation dragon. […]
At a Glance Introduction With markets caught in a volatile pattern of selloffs and rallies, I thought I'd do a quick round-up of what we know (very little) and don't (a whole lot). Before I begin, I should say: if you're looking for perfect clarity, you won't find it here. From where I stand, the crystal […]
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