When it comes to estate planning, one crucial aspect that often gets overlooked is the inclusion of retirement assets. Planning for Retirement Assets in Your Estate Plan is essential to ensure that your hard-earned savings are distributed according to your wishes after you pass away. In this comprehensive guide, we will delve into the various considerations and strategies for incorporating retirement assets into your estate plan effectively. Understanding the Importance of Including Retirement Assets in Your Estate Plan Retirement assets such as IRAs, Roth IRAs, and 401(k)s represent a signifi ..read more

Are you considering retiring in Charleston, SC and wondering about the cost of living in this beautiful city? In this blog post, we will talk about the costs retirees need to think about when planning for retirement in Charleston. We will give you a detailed look at the money side of retiring in Charleston, including housing, healthcare costs, and taxes. Understanding the Cost of Retirement in Charleston, SC Navigating the financial landscape of retirement in Charleston, SC, requires a thorough grasp of the city’s cost of living. Charleston is a great place to retire. It offers a good balance ..read more

Don’t Be Like The Celebrities Who Never Used Their Annual Financial Checklist! Download your Printer Friendly PDF of The Awesome Annual Financial Checklist Here. We published The Awesome Year-End Financial Checklist in prior years, and by popular demand, we are now republishing the Checklist as The Awesome Annual Financial Checklist, because why wait?! We strive to keep this list up to date and we hope you find it useful for you and your family. Any Time of Year Can Be a Good Time to Talk to Family About Financial and Medical Plans. Don’t wait for a special family event before you review you ..read more

The job of an executor is to secure and distribute assets of a deceased person pursuant to their wishes.  These wishes are ideally spelled out within legal documents such as wills and trusts. While wills and trusts play an integral role in directing the assets in one’s estate, they do not typically address some of the most important questions the executor needs answered: How does the executor know what assets and liabilities you have? How can he or she access your accounts? Who are the financial professionals that you work with? Where do you keep pertinent information such as real estat ..read more

We want to start this article with a disclaimer: This article is stating the ideal situation for a Roth conversion, not necessarily the only time when a conversion would be advantageous. With that being said, we’ll get right to it! One of the best opportunities you can take advantage of during a stock market pull back period is to execute a Roth conversion. This could help you save money on taxes on subsequent growth and withdrawals after the stocks bounce back.  For example: in May of 2022, the S&P 500 was down over 17% YTD. Since January of that year, stocks, indexes, and ..read more

While not commonplace, banks do fail for a variety of reasons. When they do we get questions such as, “should I pull out my money” or “what should I do because these banks are failing?” The answer is do exactly what you have been doing, which is have faith in the portfolio we built for you and stay the course! Banks failing is not good. However, as with all macroeconomic happenings, it does not mean an individual investor should try to make investment moves to do something about it. Banks are still safe, and cash is insured by the federal government up to $250,000 per depositor per bank. I ..read more

The 6 Keys to Exceptional Retirement course is for people who want to make wise retirement decisions but aren’t sure where to start. This course is for you if you: Want to Find Confidence in Your Decision Making? Concerned about outliving your money? Not sure how to protect the wealth you spent a lifetime building? Wondering if you have enough to finally retire? Are You Someone Who Is? Looking to provide retirement income? Worried that your portfolio could lose ½ its worth in the next market downturn? Anxious to ensure your spouse will be well taken care of? In the 6 Keys to Exceptional R ..read more

When hiring a financial advisor many people mistakenly believe that the value-add comes in the form of higher rates of return. For most people, the #1 value-add has little to do with the rate of return and everything to do with protecting you from the one big mistake. There are many situations that can cause catastrophic financial damage if not handled properly. Below are just a few examples that we have encountered: 1. Retirement Account Rollovers While the concept of rolling over one’s employee 401k, 403b, etc. to an IRA may sound simple, it can be anything but. These retirement accounts ca ..read more

If you have ever been through a system migration at your place of work, you know that it will be a bumpy ride. You have set up a Project Management team and spent months, if not years, planning for the transition. Mapped out all potential scenarios and asked all the right questions: Do we need a new cost center here or a new workflow there? What process changes do we need to make so the new system works better than the old system? Have we thought about training all the people who will be required to work in the new system? Do we have scripts for how to handle clients in case something does no ..read more

Whether you were born and raised in Mount Pleasant or just moved into town, you’ve certainly noticed it is a happening place. No matter how you enjoy spending your free time, this small coastal town has plenty to keep you entertained. Having been located in Mount Pleasant for almost a decade, the Runey & Associates team has compiled a list of our top 30 things to do in Mount Pleasant to help you discover the most unique, beautiful, and delicious scenes Mount Pleasant has to offer. Runey & Associates at Habitat for Humanity 1. Lend a helping hand with East Cooper Habitat for Humanity. 2 ..read more