IRS rule changes: Non-spousal beneficiary IRA withdrawals
The IRS recently clarified significant changes to the rules governing how non-spousal beneficiaries withdraw funds from inherited Individual Retirement Accounts (IRAs). These updates stem from the SECURE Act of 2019,… …
Relationship finances – merged, separate or hybrid?
Deciding how to handle money with your significant other can often be a daunting and complex undertaking. Money has a direct impact on your relationship, affecting everything from day-to-day decisions… …
Soon-to-be retirees: Transitioning from saver to spender
Retirement is a major financial milestone – the culmination of decades of hard work and diligent saving. If you have spent most of your life focused on accumulating wealth to… …
How to find (and maintain) a positive financial direction
A positive direction is essential to any successful financial planning journey. Whatever your particular situation may be, it is vital that you thoughtfully and purposefully utilize the financial resources available… …
Your big financial picture: Aligning investment, tax and estate planning
People often view tax planning, estate planning and investment planning as wholly separate undertakings. In reality, these three “buckets” of your financial life should be viewed together, as part of… …
Preventing lifestyle creep: From prime earning years through golden retirement
One of the biggest financial challenges people face is “lifestyle creep”, when spending balloons right along with increases in income, undermining long-term financial stability and goals. Understanding how to manage… …
How parents can lay a solid financial foundation for their children
As parents, we want to provide the best possible opportunities for our children. In reality, it can be complicated enough at times to navigate this ever-changing world for ourselves. Figuring… …
Grandparent strategies: Passing wealth to future generations (tax-efficiently)
One of the greatest joys of being a grandparent is seeing children and grandchildren successfully navigate their lives. Most everyone shares a common desire to see their family and relatives… …
How to navigate financial caregiving
Becoming a financial caregiver for a loved one is a tremendously important undertaking. It is not simply about managing another person’s financial picture when they are no longer able to… …
The “sandwich generation”: Financially stuck in the middle
The “sandwich generation”: Those Americans thrust into the precarious position of financially juggling young children and elderly parents. Lots of older Millennials and Gen-Xers are finding themselves in this bucket,… …