In last week’s post, I covered a few things you should consider in setting up withdrawals from your portfolio in retirement. One of the considerations was planning for taxes, and more specifically, how you can… Read More
Retirement Planning Basics – How to Withdraw from Your Portfolio
One of the most common questions clients ask when doing their retirement planning is how portfolio withdrawals will work. Saving is something most clients have done for years, but reversing the flow brings up a… Read More
Tax Planning and Children: Tax Issues in Holding Assets for Your Kids
In last week’s blog post, I covered the various options for holding assets meant to benefit your child. This week, we’ll take a look at the tax planning issues surrounding assets held for or by… Read More
New Tax Bill: Will the Tax Code Changes Save You Money?
If you’ve followed the news about the new tax bill, you may have noticed that in an attempt to answer the question “Will it save me money?” writers are resorting to offering a varied group… Read More
Tax Loss Harvesting – Another Free Lunch?
Had Harry Markowitz thought about it, he probably would have considered tax loss harvesting a free lunch. Markowitz was a seminal figure in the academic study of investing, and he famously called diversification the only… Read More
Looking After Elderly Parents: A Checklist to Help Organize Their Finances
A few weeks ago, I wrote a post detailing a framework you can use if you are looking after elderly parents and need to help them stay on top of their financial situation. For this… Read More
Health Savings Accounts: Why I Am a Big Fan of These Savings Vehicles
Unless you are extremely wealthy, there aren’t many tax shelters available to you and healthcare costs are likely a rising concern. For both of those reasons, I am a big fan of Health Savings Accounts… Read More
Saving for Education
Last week, we reviewed a book on children, money and values. One topic the book covered was saving for kids’ needs, which typically included either education or providing them a nest egg post-college. The book… Read More
A Few Thoughts on Debt and Financial Planning
In 21st century America, the list of things that are more common than debt is depressingly small. From mortgages to student loans to credit cards, the types of debt and the terms of that debt… Read More
Roth IRA or Traditional IRA – What Works Best for You?
One of the questions clients ask most often is whether they should invest in a Roth IRA or Traditional IRA. There is no one right answer – as with most issues in financial planning, it… Read More