A solid financial plan is one of the most important things you can offer yourself and your family.

Roth IRAs, IRAs, 401(k) and Account Conversions

The big difference between the Roth IRA and other retirement accounts is that rather than receiving a tax break for monies placed into the account, you receive the tax break when you withdraw the money. Why is this difference important? Like any other choice based around tax issues, the more funds that have a tax advantage, the better the net results. Using a Roth IRS’s long term accumulation allow for blending this tax free income with other assets which may have more tax liability.

By |2019-03-22T20:47:12+00:00March 21st, 2019|Financial Planning, Retirement Planning|

Assets Under Management Fees and Expenses

Your financial planner gets paid even if your account loses value, what a deal! In the past, financial planners, stock brokers and financial advisors used assets under management as a revenue source.  It works this way:  the client has $500,000 invested with the advisor and even though some of the assets may have been acquired [...]

By |2019-03-21T14:36:03+00:00March 21st, 2019|Financial Planning|

How to Choose a Financial Planning Attorney

Should you consider using a financial planning attorney. Often, a simple meeting with an attorney can make all the difference in the world when it comes to an orderly asset transfer. Here’s a story to illustrate why a couple in Indiana decided to take the do-it-yourself approach to financial planning.  The husband died unexpectedly, and [...]

By |2019-03-20T20:21:23+00:00March 20th, 2019|Financial Planning|

Women Focused Financial Planning

Do you really want or need a “woman-focused” financial advisory group? Many women, especially those in their 60’s and 70’s, grew up with the idea that managing household finances is a man’s responsibility. And, while the world has certainly changed, I have found that a lot of women’s attitudes toward money have remained mired in [...]

By |2019-03-12T04:09:16+00:00March 12th, 2019|Financial Planning|

Whale Or Big Fish Where Do You Stand?

Do You Think You’re an “A” List, Whale, Big Fish, Top-Tier Client to Your Advisor with the Amount of Funds You Have with Them Now?   Over the years I have found many disturbing articles, printouts, instruction letters, YouTube videos advising brokers, variable agents, and money managers to prioritize calls to their clients based on [...]

By |2019-02-19T17:48:55+00:00February 18th, 2019|Financial Planning|

Money Management Mistakes To Avoid

Financial planning can be a challenge, which is why it is always a good idea to enlist the expertise of a skilled personal financial planner, who can help you maximize your savings strategies. Here are some of the most common money management mistakes that you should avoid in order to achieve a more successful financial future.

By |2019-02-19T17:58:02+00:00February 15th, 2019|Financial Planning|

Your Guide To Choosing A Tax Professional

Taxes are complicated, and full of regulations and ever changing laws. Depending on your situation, your tax return may be simple, or involve a series of very detailed steps. If you don’t know what you’re doing, tackling a complicated tax return by yourself can potentially create problems, i.e. audits, and trusting a local tax preparation service isn’t always a foolproof option either. A trusted tax professional, someone whom you’ve selected and whom you feel comfortable working with, is a valuable asset

By |2019-02-19T17:59:15+00:00February 13th, 2019|Financial Planning|

My Mutual Fund Investments Are Free

Nothing is free when it comes to mutual  funds   Not long ago, a new potential client said to me, "My mutual fund investments are FREE, there is no fee." This was in response to me inquiring about what she was paying for investment management. Patiently, I affirmed her comment and said, "if you have [...]

By |2019-02-19T18:11:13+00:00February 6th, 2019|Financial Planning|

Beware Of The Future Cost Of Medical Care

Two things have happened that cause great concern for our future medical care. Both costs and health care are in peril. With the advent of the Affordable Care Act (ACA), the amount of medical cost reimbursements paid to providers by Medicare has been reduced. In other words, less from Medicare, more out of pocket for [...]

By |2019-03-05T20:27:30+00:00February 4th, 2019|Financial Planning|