Retirement

Doing the Flip: Saver to Retirement Spender

One of the biggest transitions in life is to go from worker to retiree, or from saver to spender (call it decumulation or spend downer if you like). Today I’m addressing an issue faced by those who have managed to save through most or all...

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Helping Incapacitated Loved Ones

Recently, I’ve been helping two relatives since I’m the family member closest to them with both financial skills and healthcare experience (retired hospital administrator married to a retired nurse). Both relatives exhibit signs of incapacity with diminished functioning on some level. So now I must...

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Time to Give It Away

Have you looked at the holdings in your individual or joint brokerage accounts lately? Do you see lots of gains as you look through the portfolio of your taxable accounts? Would you like to avoid recognizing those capital gains and save on your taxes too?...

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Roth/Traditional – What’s the Difference?

As I think most of us are aware, there are (2) types of IRAs – a Traditional and a Roth. These options are growing in availability within employer-sponsored retirement plans, and I think some explanation about the difference is warranted. Traditional accounts are tax-deferred, meaning...

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Charitable IRA Distributions

Most of us are aware the IRS requires us to take distributions from IRA’s no later than the year you reach 70 ½ (Source IRS.gov). For those who don’t necessarily “need” the money this can become an extra tax burden, and could impact how much...

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Loving Your Elderly Parents

We recently interviewed Mr. Farr on our YouTube video series, Swim with Jim, where he told us about adult children who love their parents and want the best for them, coming to see him for advice and counsel. These elderly parents may not have planned...

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THEY DID WHAT????!!!!!!

I think it's safe to say we've all either been in a position to say this, or know someone who has. This article is specifically focused on the titling of your estate. Far too often, in my opinion, there is conflict or confusion about what...

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