Archive - 2017

1
How much do you need to save this month?
2
Grace and Frankie: Gray Divorce and Starting a Business
3
Higher Education Expenses Paid From an IRA
4
What You’re Up Against For Financial Success
5
An Asset Allocation For Your Health Savings Account

How much do you need to save this month?

There are a few critical financial planning questions you need to be able to answer. Probably the most important is, “How much money do I need to save this month to meet my goals?” Many people don’t know the answer to this question and avoid it to the detriment of their long-term financial well-being.

Most Americans spend more time planning their vacation than their retirement. At least with a vacation, most of us pick a date and actually plan to go. Planning for retirement should be every bit as planned and anticipated as your vacation. Assuming you’ll work in your …

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Grace and Frankie: Gray Divorce and Starting a Business

The Netflix show Grace and Frankie chronicles what happens when seventy-something frenemies Grace and Frankie learn that their husbands were not only partners in a law firm but also romantically involved. The two men decide they want to live out their days together so they divorce their wives.

Grace and Frankie Show Us How to Retire in Style,” financial advisor David Rae looks at lessons from the show. One is that while you can make plans, you should expect the unexpected. Retirement planning is important because you can adjust when something unexpected happens. If you have made no plans Read More

Higher Education Expenses Paid From an IRA

Another way to pull funds from an IRA  without having to pay the 10% penalty is to use those funds for Qualified Higher Education Expenses (QHEE).  This comes up quite often, as parents are faced with the issues surrounding the dueling requirements of retirement saving and paying education expenses for the young ‘uns.

We’ve been talking about the components of Internal Revenue Code Section 72, and specifically here we’re talking about §72(t)(2)(E).  In this portion of the code, the provision is made for an IRA owner to withdraw, without penalty, amounts “not to exceed the Qualified Higher Education Expenses for …

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What You’re Up Against For Financial Success

Our firm of fiduciary advisers spend a significant amount of time helping clients distinguish the differences between practical decisions and emotional decisions. Everyone likes to think that they always remove emotion from the equation and respond with reason.

When it comes to money, there are few places where emotion has a greater presence. Long before you battle letting emotion slip into your investment behavior or influence your level of spending, you make the decision of partnering (or not) with an adviser.

Whether it is your nephew, a friend from church, or an old college pal, deciding who (if anyone at …

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An Asset Allocation For Your Health Savings Account

Health Savings Accounts (HSAs) are one of many types of tax-advantaged accounts. With an HSA, not only do you get a tax deduction when you put the money in, but there is no tax owed when the money is withdrawn and used for qualified medical expenses. Not only are you able to pay for your health care expenses with pre-tax dollars, but you are also able to invest the money in your HSA and watch it grow. This is one of many ways to avoid paying capital gains on stock appreciation.

On account of all of the benefits, …

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