Category - Retirement

1
Grace and Frankie: Gray Divorce and Starting a Business
2
What You’re Up Against For Financial Success
3
Moving from “tax” prep to “life” prep
4
Facing the Future on Your Own
5
The Power of Tax-Free Income for High-Income Earners

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

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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Moving from “tax” prep to “life” prep

At this time of year, everyone becomes a master at document gathering.  There is a shoe box or a filing system or a folder on your laptop to hold all the tax-related documents which are needed to complete your income tax returns.  It requires a diligent attitude to ensure nothing has been neglected or omitted which is important to the outcome of the bottom line.  Once the taxes have been submitted for the year, there is always a sigh of relief in getting to completion.

Before you pack everything up and put it away for another year, take a step …

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Facing the Future on Your Own

You lie awake in the middle of the night, staring at the ceiling. All your dreams and plans for a future with your spouse have come to an end. This wasn’t the plan.

The reality of your situation is clear: you are now on your own and responsible for the outcome, in ways you never imagined.

Resist the urge to panic. You’re better prepared for this challenge than you know. It’s a good time to get your emotions in check and think about these five core concepts:

  1. Your financial security is now aligned with your beliefs and focused completely on
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The Power of Tax-Free Income for High-Income Earners

“A penny saved is a penny earned.” Many people attribute this quote to Benjamin Franklin. However, I would change this statement – especially for high-income earners – to “A penny saved is more than a penny earned.” Why? Because taxes can impact your earned income so much.

Those in the top income tax bracket pay 39.6% federal tax on earned income. If you live in a state like Indiana, there may also be state and/or county income taxes. FICA (Social Security and/or Medicare) taxes may also be applicable. But wait…there’s more. As your income increases, certain tax deductions may disappear, …

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