Articles

Pre-Retirement 12-Month Checklist 

The period leading up to your retirement is a critical time to ensure that you have your financial plan in place as you enter retirement. Financial planning doesn’t stop once you retire, things change and your need to stay on top of things and adjust as needed. This is the focus of much of our […]

Tax Investment Mistakes: Real Examples We've Seen

It’s important to understand the tax implications of investment decisions because taxes can have a significant impact on your investment returns. Here are some real-life examples we’ve seen of tax investment mistakes. Misuse of IRAs and Roth IRAs There are several common tax mistakes associated with IRAs and Roth IRAs, including: Early withdrawal penalties: If […]

Financial Advisor vs Broker - What is the Difference?

The terms financial advisor and broker may seem interchangeable to some investors. Both financial advisors and brokers are financial professionals. The main differences lie in the types of services offered and in the way they are compensated by their clients.  What is a Broker?  A broker is an individual or firm that acts as an […]

Rolling Over Your 401(k) When Changing Jobs for Better Management 

Changing jobs is a time of transition with a lot to do. Getting up-to-speed at your new employer is important and a top priority. When leaving a company, it’s crucial not to forget about your old 401(k) account. What to do with this retirement money is a critical decision to make during this period of […]

ETFs vs Mutual Funds: Which One is More Tax Efficient?

ETFs and mutual funds are the two main types of managed accounts for investors. The IRS tax treatment of ETFs and mutual funds is the same, however, the structure of ETFs can make them a more tax-efficient option for taxable accounts.  Let’s take a look at why ETFs are generally more tax-efficient than mutual funds.  […]

Charitable Giving and How to Maximize Tax Benefits 

Charitable giving is a great thing to do regardless of whether or not you are able to realize a tax benefit. However, if you can help others and realize a tax benefit this is a good thing and might even allow you to give a little bit more. Here are some things to know in […]

Understanding the Basics of Medicare 

Medicare is the core component of healthcare coverage for most retirees. Medicare is also misunderstood by many people as they approach age 65. As Medicare open enrollment approaches, here is a brief overview of the basics of Medicare to help increase your understanding of this important program.  What is Medicare?  Medicare is a federal health […]

Asset Location – What is it and Should I Be Using It? 

Asset location pertains to the types of investment assets that are best held in various types of accounts. Asset location is a tax minimization strategy that matches various types of investments with the type of account best-suited for that type of investment holding.  Asset Location Basics  Asset location is about strategically holding investments in accounts […]

The Importance of a Fee-Only Fiduciary Financial Advisor

The financial services industry has a bad habit of using terms that can seem vague and confusing to clients. There is probably no place where this confusion is greater than how an advisor is compensated. Additionally, the term fiduciary is tossed around by the media quite a bit. However many investors don’t fully understand what […]

Is Your Company's 401(k) Plan as Good as it Could Be?

For many of us, our employer’s 401(k) plan is our primary retirement savings vehicle. Participating in the plan is generally easy and painless. Your contributions are deducted from your paycheck each pay period, there is nothing that you need to do other than select how you want your money invested. Some companies even offer a […]

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