Financial, Investment and Estate Planning Blog

 As your financial advisor, it's incredibly important for me to ensure you have an estate plan in place — this can help safeguard both your assets and the well-being of your loved ones. With October being Estate Planning Awareness Month, I am introducing my arrangement with Trust & Will to provide you with education, a 10% discount, and an...

One approach to consider is a Roth Solo 401(k). It may allow you to create tax-free retirement income. You're thinking about the future, and you realize you need to ramp up your retirement savings. The challenge is some retirement plans have low annual contribution limits.Now, take a look at the Roth Solo 401(k). This retirement plan offers you a c...

Summer is officially in full swing! The perfect time to slow down a little and spend time doing the outdoor activities you enjoy. Whether you are vacationing or simply enjoying backyard barbeques—we hope you are having a great summer. As we are halfway through the year, we just wanted to check in and see if you anticipate any big changes in the sec...

If you died, what would happen to your email archives, social profiles and online accounts?  Do your loved ones have any idea on how to access and retieve your digital data? You need to ensure that your digital data is as accessible as bank accounts, life insurance documents, retirement investments and other assets. The unfortunate thing, is t...

The Internal Revenue Service (IRS) recently increased contribution limits for several types of retirement plans. That's good news if you are trying to help keep your long-term wealth strategy on track.If you are 55 years of age or older, you have the opportunity to make catch-up contributions.For 401(k) plans, the 2024 contribution limit for those ...

When changing jobs, one of the options you may have with your 401(k) is to roll it over into an IRA. Talk with your financial professional because a rollover can offer benefits like:More investment choices – Employer plans tend to offer limited options.Communications – When you leave your 401(k) with your former employer, you may miss communication...

That's right, you can have your own 401(k) plan – even if your business consists of just you, or you and your spouse. An Individual 401(k) plan, sometimes referred to SBO 401(k), offers you opportunities you may not find in other retirement plans. Individual 401(k)s are designed for the solopreneur. They can have only one or two participants: a bus...

You probably only have retirement in mind when you're deciding if you should to roll over a 401(k) from a previous employer. One other consideration you have to think about is your estate.401(k) plan beneficiaries usually receive a lump sum, which may have income and inheritance tax consequences for heirs.While inheriting an IRA has tax implication...

When changing jobs, one of the options you may have with your 401(k) is to roll it over into an IRA. Talk with your financial professional because a rollover can offer benefits like:More investment choices – Employer plans tend to offer limited options.Communications – When you leave your 401(k) with your former employer, you may miss communication...

Not only will you be able to contribute more to your 401(k) and IRA retirement plans in 2024, the Internal Revenue Service (IRS) is also boosting the contributions for 2024 Health Savings Accounts (HSAs).For single people, the limit will be $4,150 and families can put away up to $8,300. For those over 55 years of age, the catch-up contribution rema...