My Conviction: Why You Should have a Municipal Bond Allocation as a High-Income Earner Right Now
Municipal bonds have been an allocation for high income earners for quite a long time. In recent years, many municipalities have been able to refinance their issued debt with taxable debt with lower rates which has made municipal bonds less attractive, just as many have done with their mortgages. However, municipal bonds have been an […]
A Look at Divorce Financial Planning from a Financial Neutral’s Prospective
Why Contributing to your Health Savings Account is Good for Your Financial Health
One financial planning vehicle that does not get enough attention in my opinion is the Health Savings Account (HSA). Individuals who are enrolled in a High Deductible Health Plan (HDHP) become eligible to participate in an HSA. Usually, a HDHP will have lower premiums that are being paid for the cost of the insurance, but […]
A Winning Strategy: Roth Conversions after Retirement
Clients may think once they hit retirement, let’s call it age 65, that their planning becomes less complex. Their accounts may have been consolidated, they may have come to a decision on when to take social security and their pensions, and their estate planning is up to date. However, sitting idle during these early retirement […]
Unwinding Confusing Retirement Plan Terminology
When employees start a new job, their company may offer certain types of employee benefits. These benefits can range from medical insurance, flexible spending accounts, and a company retirement plan. I wanted to point out some of the terminology used in the company retirement plan area to make sure you understand what those items mean. […]
What Not to Do with Your Backdoor Roth IRA Conversion
Backdoor Roth IRA conversions have been a technique I have employed with clients since I became an advisor. However, many people hear this phrase “Backdoor Roth IRA” and are not quite sure what it means or how to open this type of account. (Please Note: you can’t just go and open a Backdoor Roth IRA […]
The Case for the CPA Financial Planner?
How many of us have heard the saying “Don’t put all of your eggs in one basket”? I would imagine pretty much everyone. This saying has been reiterated countless times through the investing world to make sure investors do one thing: Diversify Their Investments. However, when it comes to financial planning one of the key […]