Don’t let this recent stock-market volatility throw off your long-term financial plan. Read about three tips, and historical insights, to help you stay the course ..read more

Donald Trump’s second Presidential term has come with economic uncertainty and the resulting impact on the markets and financial plans. Learn about six areas that could be impacted and potential actions to stay ahead of the uncertainty ..read more

Tax season is upon us! Get your tax-prep checklist and learn about common statements and documents you might need to file your 2024 tax return ..read more

2025 tax brackets and contribution limits to certain retirement accounts have changed which could impact your financial plan and tax situation ..read more

  Are you scratching your head over when you need to begin taking Required Minimum Distributions (RMDs) from your retirement accounts? You’re not alone. Congress has made several changes to RMD rules over the last several years, including the age at which you need to begin taking them. Understanding and strategically planning for your eventual RMDs could help you save thousands on taxes throughout your retirement. What Are Required Minimum Distributions (RMDs)? RMDs are the minimum amounts that a retirement-account owner must withdraw annually, starting at a specific age. These withdrawa ..read more

  Whether we’re ready our not, tax season is upon us! You’ve likely been getting all kinds of documents you might need to file your 2023 tax return. If you use tax-filing software or even work with a tax professional, a tax-prep checklist can help you stay organized and save time as you get ready to file. Get a copy of your 2023 tax return checklist below: What Documents Do I Need for My 2023 Tax Return? Get your Cove Checklist: What Documents Do I Need for My 2023 Tax Return? Get Your Checklist For all the nerdy details, below is a summary of the most common tax documents and informati ..read more

  Tax brackets and contribution limits to certain accounts changed for 2024 which could impact your financial plan and tax situation. Click Here to get your 2024 Tax Guide A few notable highlights include: 401(k) and 403(b) contribution limits increased: $23,000 personal contribution (up from $22,500 in 2023) $7,500 age 50+ catch-up contribution remains the same $3,000 additional 403(b) catch-up contribution after 15+ years of service Traditional and Roth IRA contribution limits increased: $7,000 contribution (up from $6,500 in 2023) $1,000 age 50+ catch-up contribution ..read more

  You’ve climbed to the top of the retirement mountain by saving over many years. You’re looking out at the beautiful view and the opportunities that await during your free time after retiring. How do you start climbing down this retirement mountain? Do you have the supplies, food and gear (money) to safely make the descent (live off your assets)? A Fee-Only Financial Planner can Support you with Your Retirement Plan Planning for retirement is challenging, and the cost of getting things wrong is quite high. Important retirement topics like taxes, investments, cash flow, estate planning a ..read more

  How much money do people in retirement actually spend each year? Or better asked, how much do they withdraw from their investments to recreate their paychecks after they stop working? The answer to this question can help pre-retirees think about how much they actually need to save to prepare for their own retirement. You might need to save less for retirement than you think. A lot of people I speak with who are thinking about retiring soon don’t know if they’ve saved enough. Specifically, they are unsure about how much money they will need to live off of and whether or not their invest ..read more

  I have spoken with many folks who are ultimately concerned about outliving their money in retirement. Many investors are afraid of needing to return to work later in life because they either haven’t saved enough or may become accustomed to spending beyond their means. Most folks will have a very successful retirement by covering their living expenses through guaranteed income sources like Social Security and pension plans in addition to making reasonable, sustainable withdrawals from their retirement accounts, including 401(k)s and IRAs, for example. Some investors fear they may not ha ..read more