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A simple summary of how to meet your Required Minimum Distribution in the same year as you perform a Roth Conversion is the axiom: RMD dollars must come out first.
An easy estate workaround is to set up a Donor Advised Fund as a Testamentary fund, meaning you aren’t funding it yet, but it will be funded upon your death.
SEP plans offer a powerful way to provide for your own retirement in the same way that 401ks do.
Life planning begins as thoughts and ultimately shapes our entire destiny.
This style of Power of Attorney certainly gets the job done, but there are a few ways that the cookie-cutter POA most frequently fails to meet people’s wishes.
While your student loans may be a daunting sum, it is still possible to build wealth even while paying off student debt.
Here are ten principles for teaching children about money.
If you don’t have retirement savings in Roth IRAs, it’s time you considered their benefits. Assets in traditional IRAs can be rolled into Roth IRAs without a withdrawal penalty.
It is the season of spring cleaning, so here’s a calendar of ways to clean up your finances one step at a time.
Even the most brilliantly crafted investment plan has to be given time to work.
This is a summary of the six steps required to create a well-crafted investment plan.
Investment brokers like Schwab offer many services local banks offer but there are a few reasons why you might want to resist consolidating all of your accounts to a broker.
Retirement planning should begin the moment you receive your first paycheck.
The Internal Revenue Service (IRS) is notorious for misunderstanding the recharacterizations of Roth conversions.
These are just some examples of the creative beneficiary designations, but the important part is to dream big about what your wishes are.
After you reach the age of 70 1/2, the IRS requires you to begin taking minimum distributions from your traditional retirement accounts.
Carefully computing and adding your Social Security early retirement safe withdrawal rate can safely boost your early retirement standard of living without jeopardizing your future finances.
We highly recommend a Donor Advised Fund for generous investors.
A swimmer takes one stroke at a time and yet makes great progress.
Here are the most common reasons that your plan might need to be updated or revised and what to do about them.
You’ve opened your HSA and funded it for several years. When should you stop funding it?
If you prefer to keep your down payment money invested in the markets for longer, there are two alternatives.
Here are some rules for handling your digital security.
Which account you should fund depends on your circumstances, but here are some general guidelines you can follow to make your decision.
I have outlined some steps to help you figure out how to pay down your debt and get back on track.
Umbrella insurance covers you for liability that goes above and beyond your auto and homeowners insurance.
Your future path is sure to take many unexpected twists and turns, but you should run the numbers. Your future self will thank you.
For those who do not want to be investors, a fast-track repayment may be best. But for those willing to save and invest, there is a better option.
Careful tax planning can avoid much of the capital gains tax.
Your investment strategy is critically important but the implementation requires wise fund selection.
Should we have a “Free Countries Asset Class” or a “Foreign Stock Asset Class?”
As with many financial decisions, our gut feelings deceive us on this matter.
The process of defining your sectors is an attempt to identify the quintessential features of your strategy and formalize your selection criteria.
It is good to take the two categories which are most similar and use them as underlying sector divisions within the same larger asset class.
The value of not running out of money when making withdrawals cannot be measured.
Portfolio design and rebalancing is both a science and an art. Knowing that rebalancing boosts returns is useless unless you as the investor follow through.
Rebalancing can both boost returns and lower volatility, but most investors do not understanding how.
A computer algorithm cannot help you with these things.
Most investors are not aware of an important separation in the professionals of the financial services industry.
The new holiday cliché is to complain about hyper-materialism, but gifts and gift giving help shape our identities.
It is a simple thought experiment. Would you rather invest in South Korea or in North Korea?
There is no accounting for how many heirs an account might need to be divided among in an estate plan. Here are the best practices for how to divide the estate.
There are five ways that both you and the government could make charitable giving more significant.
“When institutions protect the liberty of individuals, greater prosperity results for all.” – Adam Smith
Someone has to be proactive about your child’s retirement and every year you don’t open a retirement account is another year you’re holding back compound interest.
Any money you put away and invest now will have the longest time to grow, due to the magic (or actually, the mathematics) of compound interest.
The capital gains tax traps wealth in an investment vehicle requiring special techniques to free the capital without penalty.
Despite their complexity, these exchanges have the potential to save vast amounts of money.
Our firm decided to become a 3(38) investment manager because playing this role offers our clients administrative relief. By taking on the role of a 3(38) adviser, we accept responsibility for selecting a prudent investment strategy.
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