Among the resources available to enable investors to achieve both their pre-retirement and retirement goals, the Roth IRA is a particularly valuable “arrow in your quiver.” As a savings vehicle, a Roth IRA is available to anyone, regardless of age, who has earned income up to certain annual limits (a phaseout range of $122,000 –…
So you’ve made it to retirement, and realize you have done it with room to spare. A surplus of assets, more than enough to cover your desired lifestyle for many years to come, puts you in a position to have a meaningful impact on the lives of those you love, and on the causes you…
For many professionals, especially recent graduates, student loan debt is not only an expense item on their budget, it is also a major component of their financial trajectory and often a great source of anxiety. Indeed, the data show that in 2018, Americans are more burdened with student loan debt than ever before. In addition…
As financial advisors, we recognize that the outcomes on an income tax return are the culmination of many occurrences and decisions. Tax efficiency is a vital part of a financial plan at every stage, and so we approach tax planning as both a year-round and lifelong process. With that in mind, here are five areas…
In late 2015, new rules were established for the college financial aid application process. With these rules becoming effective this month, we should assess the impact they will have, particularly for families seeking to fund their children’s education.
With the arrival of autumn, students are back at school and either preparing for college or already navigating it. While they further their academic careers, their parents wrestle with the current or future cost of higher education and the complexities of the financial aid system.
At this time of year, many families with college bound children are busy navigating the financial aid application process. A college education, long viewed as a pathway to the American Dream, remains a desirable goal for many, with some studies indicating as much as a 75% increase in earning power over the course of a…
As a member of the Silent Generation (born between 1922 and 1943), you have paid your dues. You probably raised a family and have left the workforce – you deserve an enjoyable retirement. That can be achieved, but the pace and complexity of today’s world means you’ll need to give yourself a periodic financial checkup.
As a member of “Generation Y,” you are a young adult in your late teens, 20s, and early 30s, born between 1980 and 1994. Also called “Millennials” or “Echo Boomers,” you grew up amidst booms in the stock and real estate markets, only to see each of those “bubbles” burst. More educated than any prior…
The 2012 election is over, and Americans find themselves in an unsure financial environment. The country is heading toward a “fiscal cliff” — a series of significant tax increases and automatic spending cuts that will be triggered at the end of the year. Congress and the President are negotiating a compromise solution to prevent that,…
