Retirement

I’m reading the short book, The Gap and the Gain, co-authored by Dan Sullivan, the famed founder of Strategic Coach, and Dr. Benjamin Hardy, and while it applies to many areas of life, its implications in how we approach our finances and…

gettyDon’t wait until late in the year to plan your charitable gifts. Maximize the benefits to both the charity and you by considering contribution strategies throughout the year and implementing them well before December 31. When most…

Wages have outpaced inflation since early 2023gettyThe labor market recovered quickly from the massive pandemic induced downturn in early 2020. The labor market regained its pre-pandemic strength within a few short years. Moreover, it…

gettyThe Social Security Administration still is doing a disservice by coaxing applicants into taking the optional lump sum cash payment when they sign up. The beneficiaries more than pay for it over the long term. The lump sum option isn’t…

gettyToo many people wait until near the end of the year to consider key IRA actions and strategies. Your after-tax wealth is likely to increase when you plan them early in the year. Here are some key steps many people should consider.…

gettyToo many people wait until near the end of the year to consider key IRA actions and strategies. Your after-tax wealth is likely to increase when you plan the IRA strategies early in the year. Here are some key steps most people should…

The 2024 Contribution Limits for Retirement Plans can be found here.Beacon Financial ServicesIn response to the current inflationary environment, the Internal Revenue Service announced a modest increase in the maximum contribution limits…

Do your homework to decide the best way to claim Social Security benefits.gettyIf you’re married, it’s critical that you maximize the money you and your spouse will each receive from Social Security over both of your lifetimes. That’s…

One of the best books of 2023—and one sure to land on my list of Advisor Resources for Financial LIFE Planning—was published near the year’s end. I’ve been following Shane Parrish’s work for years as the creator and curator of the Farnam…

Trying to get financial control can be a highly frustrating problem for adult children. They have been appointed as agent on an impaired parent’s Durable Power of Attorney (DPOA), but the parent stops them from getting involved. The dilemma…