Financial, Investment and Estate Planning Blog

Finances and Estate Planning are 2 critical life areas you can't leave to chance. In this blog, I will share various articles, tips and advice to help you navigate these areas. But a personalized 1 on 1 chat will always trump reading a blog. Call me today!

Rollover your 401(k) to an IRA

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...

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401(k)s for solopreneurs

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...

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Your 401(k) rollover and your estate

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...

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  49 Hits

Rollover your 401(k) to an IRA

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...

Continue reading
  51 Hits

More Opportunities for 2024 Retirement Contributions

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...

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Your 401(k) rollover and your estate

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...

Continue reading
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Putting Aside Money When You're Self-Employed

How do you put money aside for retirement when you're self-employed?One approach to consider is a Solo 401(k).If you work for yourself, a Solo 401(k) may help you focus on your retirement savings. These are not garden-variety 401(k) plans: their annual contribution limits are higher than traditional 401(k)s, and both you and your business have the ...

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Job change?

If you've lost your job, or are changing jobs, what about your 401(k)?You have options.1. Do nothing: do you want your old employer investing for you2. Should you cash it in?3. Should you roll it over?Meet with a financial professional.When changing jobs, you have choices. It's important to meet with a financial professional to review all your opti...

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Monthly Market Insights | May 2024

Despite a late-month rally, stocks fell in April as investors struggled with a hotter-than-expected inflation report and mixed news about the economy. The Dow Jones Industrial Average dropped 5.00 percent, while the Standard & Poor's 500 Index declined 4.16 percent. The tech-heavy Nasdaq Composite fell 4.41 percent.  Read more on the May 2...

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Anything new on the horizon?

As the weather begins to warm up and spring approaches, it's a great time to let us know if you anticipate any changes to your personal finances. While we have a strategy in place, it's critical to make sure that we're aware of everything you expect might be on the horizon. If something comes to mind, such as a big purchase, job change, or birth of...

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