Insights
How Do I Know If I am Financially Ready for Retirement?
Preparing for retirement is more than just picking a date to stop working – one vital component is about knowing whether you're financially ready to maintain your lifestyle for decades to come. Many individuals feel overwhelmed or uncertain about ... 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.
Left Your Job? Here’s How to Handle Your Old 401(k)
If you’ve left a job and still have retirement savings in a 401(k) or similar employer-sponsored plan, you are not alone in wondering what to do next. Managing a former employer’s retirement account wisely can help you avoid penalties, ... Read more.
How to Minimize Taxes on IRA Withdrawals and Maximize Your Retirement Income
As you approach retirement, one of the most important financial considerations is how to manage taxes on your retirement income. Without proper planning, required minimum distributions (RMDs) and other withdrawals could push you into a higher tax bracket, potentially eroding ... Read more.
