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Level payment pension plan option
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Estate Planning for 21st Century Couples
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Do Your Research to Avoid Tax Season Tumult
4
Making Your Money Last In Retirement
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The Connection Between Love and Your Money Mindset

Level payment pension plan option

When you approach retirement, if you’re fortunate enough to have worked in a job that provides a pension plan, you are faced with a decision: what type of payout should you choose? There are generally several – the first choice is between a lump sum versus an annuitized payout

The lump sum works just like it sounds – you get the equivalent of your account in the pension system in one big lump – and you can rollover this lump sum into an IRA or other tax-deferred vehicle, taking distributions as you see fit over your lifetime. At some …

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Estate Planning for 21st Century Couples

Our clients have many different preferences, and we love to see when someone is intentional about what’s right for them. In this article, we’ll focus on two examples of modern decisions that are becoming increasingly common. For couples who embrace these choices, the benefits can far outweigh the downsides. However, we want you to be […]… Read More

Do Your Research to Avoid Tax Season Tumult

Michelle Singletary of The Washington Post offered advice for what may be a tumultuous tax season for some people and a “supersize list of some of the issues people will face this year” in “Tax season 2021: A tornado is coming.” 

Really, you do not have to fear if you have already been working with a Fee-only financial planner. And there is still time to get help from a financial planning expert for this year and for the years to come. Here are some things to consider:

File electronically if you can: The general advice this …

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Making Your Money Last In Retirement

Quick Questions: How much can you safely withdraw each year from your retirement portfolio without the risk of running out of money before you run out of life? How much should you withdraw if you don’t want to leave too much money behind when you die? If you’re as perplexed about answering these questions as many financial planners are, then this article will help update you on the latest research in this area of retirement planning. Saving for retirement is not easy, but using your retirement savings wisely can be just as challenging. Withdraw too much and you run the… Read More

The Connection Between Love and Your Money Mindset

As a champion of holistic financial decision making and financial planning since 2004 that believes in putting the client’s needs first, Clarity Financial Planning wants you to consider both love and money this Valentine’s Day. And we don’t just mean romantic love because there are other types of love that can affect your financial habits.

In a November 2020 article, “Love and Money—and How They’re Connected,” The Wall Street Journal (WSJ) helps readers make connections between these two things observing, “Our relationships with people are often reflected to money. For good and ill.” The WSJ suggests “honest …

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