So many of us will be hoping for no tax surprises when preparing our tax returns this year.  This is why we want to provide you with a list of common tax surprises to watch for. After working with hundreds of clients to prepare their tax returns, we’re sharing the latest tax surprises we see that could be helpful to know when completing your tax return this year. Outline of This Episode [0:42] The Slott Report [2:39] Inheritance surprises [6:51] Credit card rewards [8:10] Interest income increases [10:54] Income earned in different states [12:32] 1099Ks [14:14] Underwithholding from your ..read more

While most of our listeners are in or on the cusp of retirement, many have loved ones who are earlier in their careers. Often we get questions on how our listeners and clients can help their younger family members make better financial decisions.  As we celebrate International Women's Day with this episode, you’ll meet our newest CFP, Niamh Douglas. Niamh and Allison discuss some tools and strategies to help young people who are just starting out get off on the right financial foot. Resources & People Mentioned Episode 189 - Smart Financial Decisions for Recent College Graduates 9 Re ..read more

Many who approach retirement view it as the ultimate goal, but you could have 30+ years to experience the retirement you've worked to build.  While much of retirement planning is focused on the numbers, people often fail to intentionally plan out how they'll spend their time. In this episode, we explore some common retirement pitfalls and then ten stepping stones to help us overcome challenges you might encounter. **** ? Sign up for the Advisor Corner Newsletter here and receive our Pre-Retirement Checklist.  ? Article - Uncertainty is Underrated ? See the full show no ..read more

Many investors have been tempted to invest more, if not all, of their portfolios in the S&P 500 given the incredible run it’s had over the last decade. But today we are talking through five reasons why you should consider not making a concentrated investment only in the S&P 500.  Don't let recency bias rule your decision-making on the road to your ideal retirement. **** ? Sign up for the Advisor Corner Newsletter here and receive our Pre-Retirement Checklist.  ? Article - A Few Thoughts on Spending Money ? See the full show notes here ? Explore the Retirement P ..read more

One of the biggest financial disasters that people can experience in retirement is divorce. On this episode of Financial Symmetry, Grace Kvantas chats with licensed marriage and family therapist, Lesli Doares. Lesli shares warning signs to look out for, misconceptions about keeping finances separate, and why couples should seek marriage counseling in retirement. Your marriage affects every aspect of your life. Listen in to learn how you can improve it.  **** ? Sign up for the Advisor Corner Newsletter here and receive our Pre-Retirement Checklist.  ? Article - Many Happy Returns by D ..read more

As part of our efforts to bring you actionable strategies to help you reach your ideal retirement, we’re tackling a complex question today.  The backdoor Roth strategy can be a way to increase your wealth by tens of thousands of dollars, or it could not be very profitable at all.  Learn what you can do to get a backdoor Roth strategy started and what you need to consider before you implement a backdoor Roth strategy. Outline of This Episode [2:41] Should I roll my traditional IRA to a 401K? [5:04] 5 considerations before implementing a backdoor Roth strategy Resources & People ..read more

In our usual episodes, we aim to arm you with a particular insight or strategy that can help you inch closer to your ideal retirement.  But, with todays show, we want to close the year by providing a list of 15 surprising financial facts about the year that you could share in a conversation with a friend or family member. We also pay tribute to the great investor Charlie Munger, by providing a few of our favorite Mungerisms. As you begin your 2024, we thank you all for listening and sharing our show. We look forward to continuing to provide you with helpful steps on your journey to reach ..read more

If you are planning on retiring before age 65, there is no doubt that you have had this question. What do you do about health insurance?  In the United States, the health insurance landscape is ever-changing and takes quite a bit of planning.  Many people even feel anchored to their jobs because of the prohibitive costs of health insurance. However, there are options for healthcare before age 65. Listen in to discover what your options are and what you should be doing to plan for this complicated aspect of early retirement.  Outline of This Episode [2:44] COBRA [8:04] Using you ..read more

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