Our Weekly Blog

Did you know that your Social Security benefits could be taxable? Many Social Security recipients are surprised to learn Social Security benefits can be taxable at the FEDERAL level, depending on income level.

Before the last major tax reform act, if a married couple died, they could leave their IRAs and 401(k)s to their adult children who could begin taking small payouts, known as Required Minimum Distributions (RMDs). These distributions were based on the adult child’s life expectancy.

There have been several changes in the rules for taking Required Minimum Distributions (RMDs) over recent years. This blog focuses on RMDs for your own retirement accounts only. This article does NOT address Inherited Retirement Accounts. When Must I Start Taking my RMD?

Wills and Trusts (along with other estate planning documents) are important for sure but did you know that a beneficiary named on your accounts or life insurance can supersede one’s wishes in their estate planning documents?

Years later, their mom passed away and since she didn’t have an estate plan and owned the beach house in her name alone, it then went to Steve.

People usually contact us with a problem or a worry. They may have just gotten married and are wondering how in the world they can afford to buy their first house. They may have been working for years, put their kids through college and are now wondering if they will ever be able to retire. They may have been good savers or poor savers. They may have been big spenders or frugal. After advising people for more than 20 years, I’ve seen a lot—both good and bad. Here are my top 5 financial mistakes to avoid.