With both stock and bond markets down so far in 2022, it’s an unsettling time for many new retirees and those considering retiring soon. Watching your retirement nest egg, that you will depend upon to fund part of your retirement, lose value can be disconcerting, to say the least. Understanding a Bear Market We have […]
Category: Financial Planning
529 College Savings Plans: A Tax-Smart Way to Help Your Kids (or Grandkids!) Pay for College
Investing in your child or grandchild’s future education is one of the greatest gifts you can give—a gift that will last a lifetime and can help open doors to opportunities in the future. With the cost of a college education continuing to soar, it is wise to start saving when kids are young. Saving, even […]
Understanding Required Minimum Distributions (RMDs) – How to Avoid Costly Mistakes
Just as a lack of financial planning can affect your investment portfolio and your financial future, misunderstanding or a failure to adhere to the rules surrounding required minimum distributions (RMDs) could cost you money in the form of stiff penalties and potential loss of income. The basics of RMDs An RMD is the minimum amount […]