Unbiased financial advice from fee-only financial planners

Brought to you by the National Association of Personal Financial Advisors

1
Women Have Special Financial Needs That Advisors Overlook
2
Tax Reform that May Affect You
3
Social Insecurity & Medicare Insolvency?
4
Designated Roth Account (Roth 401k) Distributions
5
Income Replacement with Disability Insurance

Women Have Special Financial Needs That Advisors Overlook

by Eve Kaplan, CFP(R) Professional

Women have special financial needs that advisors overlook in two ways: 1) advisors don’t always acknowledge the different planning needs women have and 2) advisors don’t always communicate well with female clients – especially if they client comes to a meeting with her husband. It’s very common for a male advisor to spend much or most of the face time in meetings talking to the husband and ignoring the wife. For these two reasons, women may be given the short end of the stick when it comes to financial planning and investment management.

I. How …

Read More

Tax Reform that May Affect You

With all that is happening, taxes may be the last thing you want to think about. Even so, it is good to spend some time doing a financial check at the midpoint of the year so avoid scrambling at the end of the year. If you are not aware, new tax reform was signed into law at the end of 2017. Some of these changes are temporary in that they will last in 2025; others will last until the  tax code is rewritten again.

Your Complete Guide to the 2018 Tax Changes” from The Motley Fool offers an …

Read More

Social Insecurity & Medicare Insolvency?

With about 10,000 baby boomers on average retiring every day, it’s not unusual for me to talk to clients and prospects who are anxious about the future of social security and medicare. Some clients, despite evidence and advice to the contrary, have gone ahead and filed for social security benefits even if it meant they would potentially reap hundreds of thousands of dollars less over their lifetimes, because they are worried that the systems are going “bankrupt”.

Given the stories and rumors that seem to float around endlessly about the imminent demise of social security and medicare, it is understandable …

Read More

Designated Roth Account (Roth 401k) Distributions

Sen._William_V._Roth 401k_(R-DE)In a previous post we discussed the general information surrounding Designated Roth Accounts (also known as a Roth 401k) – eligibility, tax treatment, and contributions.  In this post we’ll go over the nuances involved in distributions from a Designated Roth Account under a 401k.  Distributions are a little different from most other retirement plans, as you’ll see…

Required Minimum Distributions

One of the first things that is different about Roth 401k distributions is that the Required Minimum Distribution (RMD) rules DO apply to these accounts.  This is different from the Roth IRA, as RMDs are not required by the original …

Read More

Income Replacement with Disability Insurance

Most individuals understand the need for traditional life insurance. It pays a death benefit in the event a loved one, such as a spouse, dies prematurely. The death benefit is there to provide income for expenses, and to fund future expenses such as college or the surviving spouse’s retirement.

While not overlooked, a seldom thought about income replacement tool is disability. Disability insurance should not be ignored, and arguably should be considered as a higher priority than life insurance. This is because statistically, an individual has a higher chance of becoming disabled, than dying prematurely. Especially if they’re young.

Most …

Read More

Copyright 2014 FiGuide.com   About Us   Contact Us   Our Advisors       Login