Insights
How do I know if I am financially ready for retirement?
There is a lot of uncertainty around whether the timing is right to retire and that can often lead to increased stress and anxiety. When determining the amount of retirement income needed, you want to consider your ... Read more.
Turn Investment Losses into Tax Savings with Tax-Loss Harvesting
Tax-loss harvesting is a powerful strategy that allows investors to convert investment losses into tax deductions while maintaining their overall portfolio balance. By strategically selling underperforming investments in taxable (non-retirement) accounts, you can offset capital gains and reduce your ... Read more.
Should I invest my money in the stock market now or wait?
If it's within the next three years, probably not. The stock market is generally better when you can keep your money invested for at least five years. But you can certainly use short-term vehicles like high yield savings accounts, ... Read more.
How can I reduce my taxes when taking required minimum distributions?
During your working years, contributing to tax-deferred retirement accounts (401(k), 403(b), traditional IRA, SEP IRA, SIMPLE IRA) provided the benefit of not paying income taxes. This allowed for more of your money to grow through compounding. But ... Read more.
What should I do with my prior employer’s retirement savings?
Depending upon your situation, there could be up to five available options for managing a prior employer’s retirement plan: Maintain your previous employer’s plan. Rollover to new employer’s plan. Rollover to a self-managed traditional or Roth ... Read more.
Is there a way to shield my IRA from high taxes when taking withdrawals?
When I reach age 73, I am going to have to start taking money out of my IRA. I know that I will get taxed on that money. Is there a simple way to shield that money ... Read more.
