Should You Give or Lend?
The IRS views gifts and loans differently for tax and gifting purposes and you need to understand the difference before writing that check.
Getting Financially Back on Track After the Pandemic
As you’ve heard me say many times, having a complete retirement system with downside risk mitigation strategies is crucial to set yourself up for the best chance of financial success in retirement.
Kids . . . They are Expensive!!
Luckily, parents don’t need to “save up” hefty figures before they have children, but they certainly should consider these long-term costs and ensure they are ready – both mentally and financially – before committing to parenthood
I Inherited an IRA. What Should I Do Now?
There are specific rules that you need to follow depending on what IRA type you inherit and what type of beneficiary you are. Your distribution options will vary as well.
A Will or a Revocable Trust: What’s the Difference and Why Would I Need One?
This week I’m talking about two legacy planning tools – the will and the trust – to explain what they do, and when to use them.
The State of Retirement in America
In addition to COVID, there are other factors causing folks to re-think retirement. So, this week, I’d like to discuss a few of these to help you understand key challenges to a successful retirement.
Inflation Amplifies the Concerns of Seniors Hampered by Tiny Social Security COLA
The concept of a dollar being worth less tomorrow than it is today is a scary thought, but a hard reality. So, this week we are digging a little deeper into inflation and specifically how it affects those in retirement.