retirement planning learning hub
Should You Claim Social Security Early?
The decision to claim Social Security should not be taken lightly. Claiming early may result in a reduced benefit amount for the rest of your life. This blog post explores why a retiree may want to consider claiming Social Security early.
The Retirement Tax Bomb
If you are a diligent saver socking away money into your retirement accounts, you may be setting yourself up for some unintended income tax consequences. The good news is with some careful planning, you may be able to defuse the effects of the “retirement tax bomb.”
Roth IRA Conversion Income Tax Implications
Converting your pre-tax retirement account balances to Roths can effectively position you for a tax-efficient retirement. When performing a Roth conversion, you may be confronted with the decision to withhold income taxes from the amount being converted. This decision can be complex and depends on various factors, including your current financial situation, income tax brackets, and long-term financial goals.
When Should I begin Taking Social Security?
If you are nearing retirement, deciding when to claim social security benefits may be one of your most important decisions. While many people choose to claim their benefits as soon as they become eligible, there are many compelling reasons to consider delaying your claim. Here are seven key reasons why claiming Social Security late may be a wise decision for your financial future.
Unveiling the Untold Truths of Retirement
Retirement often stands as the ultimate destination, a promising respite from the rigors of work and a chance to bask in the glory of our hard-earned twilight years. Yet, there exists a realm where misconceptions collide with reality. From financial intricacies to psychological adjustments, we delve into the nuances and offer insights that may challenge conventional wisdom about life in retirement.
Navigating the Retirement Income Gap: 11 Strategies to Maximize retirement
The retirement income gap is the time between earning a full-time salary and receiving retirement, pension, or social security benefits. It can be a period of great stress for some people. But used correctly, it can be a period of great opportunity.
How to Find A Fee-Only Financial Advisor in Irvine, CA
Selecting the right financial advisor is crucial, and you should feel confident that the advice you receive is genuinely tailored to your needs and not driven by an advisor's economic interests. So, how can you ensure that you're making the right choice?
8 Investment Biases That May Be Ruining Your Portfolio
Understanding investment biases is crucial for making rational decisions. Learn about common biases like anchoring, confirmation, and herding that can impact your investment choices.
Get Your Investment Portfolio on Track for the New Year: 5 Tips for Reviewing and Rebalancing
Kickstart the year: Review your portfolio, get 5 tips for aligning investments with goals, and leverage a financial advisor for long-term success.
Mid-Year Financial Planning Check-Up: Addressing rising inflation and bear markets
Summer is a great time to perform a mid-year check-up of your current financial situation. Here are 7 things you can do right now to ensure you are meeting your goals and positioning your finances, so they are in great shape heading into the second half of 2022.
What is a financial plan?
A financial plan is like a roadmap for your personal finances. At its core, the financial plan does essentially three things: it assesses where you are now, defines where you want to be, and provides you with the action plan to help get you there.
A One-Time Financial Plan or Ongoing Financial Planning: Which one is the best for you?
As a fee-only, fiduciary financial advisor, financial planning is my firm's core offering. But not all clients' needs are the same. Our financial planning offering comes in two formats: the one-time financial plan and ongoing financial planning. Which one is right for you? This article will help you decide.
Mid-Year Financial Check-Up: 7 Things You Can Do Today!
Mid-Year Financial Check-Up: 7 Things You Can Do Today!
