Personal Finance

Thursday, April 6, 2017

There's Still Time to Contribute to an IRA for 2016

There's still time to make a regular IRA contribution for 2016! If you haven't filed your 2016 tax return, you have until your due date (not including extensions) to contribute up to $5,500 for 2016 ($6,500 if you were age 50 by December 31, 2016). For most taxpayers, the contribution deadline for 2016 is April 18, 2017.

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Wednesday, March 15, 2017

Retirement Readiness: Underestimating Your Retirement Cash Flow Can Have Severe Consequences

People preparing for retirement often think that investment returns are the biggest factor in retirement success. Returns are an important factor, but cash flow is the #1 driver of a retirement plan’s success.

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Tuesday, February 28, 2017

Do you make too much for Roth IRA Contributions? Consider a Backdoor Roth!

There are many clients who would like to make Roth IRA contributions, but their income exceeds the applicable income limits. Clients who earn too much money (see chart below) aren’t allowed to open Roth IRAs under current IRS rules.

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Tax-Managed Investing: How to Keep More of What You Earn

Designing and managing investment portfolios involves conducting research to select the best investments to meet each client’s needs. In this effort, it is natural to seek to maximize returns because this can improve the probability of meeting our clients investing goals. However, we all recognize that we cannot control the returns provided by the markets.

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Thursday, February 23, 2017

Find a Penny, Save It Up

When the economy is turbulent and the costs of the items you buy every day are rising, it may seem impossible to save more for your long-term goals. Yet making a few changes to your daily routine may help you uncover some money you could start saving instead of spending. Saving just a little more now could make a big difference over time.

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The Spending Plan (Budget)

Your spending plan is a tool to help you achieve financial goals that otherwise might seem impossible to reach.

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Points to Consider When Setting a Retirement Savings Goal

Many Americans realize the importance of saving for retirement, but knowing exactly how much they need to save is another issue altogether. With all the information available about retirement, it is sometimes difficult to decipher what is appropriate for your specific situation.

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