Articles and Videos

A Tax Strategy That Could Save You Thousands of Dollars

Did you ever think that tax management could be fun? Probably not. Our team is comprised with people whom really enjoy figuring out ways to strategize on taxes. And as we make our way through this year’s tax season, we wanted to pass along a strategy that you might want to consider sometime this year.

What’s a “Safe” Amount of Money to Take from Your Portfolio?- Episode 127

You’ve finally made it to retirement, and, presumably, you’ve got a certain amount of money saved up that you’ll need to tap into from time to time.  But the problem is that you don’t want to take too much, because you don’t know how long you’ll live, and thus have no idea how much is “too much” to take out. This is a common dilemma for retirees.  You need a certain amount to meet your basic expenses, but the money may have to last at least a few decades.  Is there a “safe” amount you can withdraw each month so that you won’t outlive your savings?

Is It Possible to Save Too Much for Retirement?

It probably goes without saying that building a nest egg for your retirement is a good thing. Having more money in retirement usually gives you more options, less stress, and maybe a better standard of living. So what we are talking about? Is over-saving really a problem? 

Vines & Vittles Family Festival returns to Rancho Bernardo on May 21 – Pomerado News

Why Guaranteed Income in Retirement Is So Important- Episode 126

A steady stream of cash flow is one of the most valuable things you can have, both before and after you retire.  If that income is guaranteed by some entity — the federal government, the PBGC, or the claims-paying ability of an insurance company — then so much the better. Pensions and Social Security are two forms of guaranteed income that people receive usually after they’ve retired. They form the basis of your financial plan and help determine how much extra income (if any) your portfolio will need to provide for you. In other words, the more guaranteed income you have, the less you’ll have to rely on your savings. Why is this so important?

Can an Ex-Spouse Collect Social Security Benefits on Your Work Record?- Episode 125

You may have heard that Social Security has something called “Spousal Benefits,” where your current spouse can receive a benefit based on your work record, even if they never held a job in which they paid FICA taxes.  But did you know this rule may also apply to an ex-spouse? We’ve had questions about this in the past, with many people wondering how they can PREVENT an ex from taking a Social Security benefit from them.  But the truth is, while there’s nothing you can do about it, it also won’t have any effect at all on your own benefits. We’ll also answer two other common questions: can I work and still collect a Social Security benefit?  And: are my kids ever eligible to receive a benefit? 

Janean Stripe named new board president of The Country Friends Nonprofit – Rancho Santa Fe Review

Why Understanding Tax Brackets Is Crucial- Episode 124

The US tax system is by design a complicated beast, and trying to understand it all is a futile challenge. And yet, it’s extremely important that people understand how certain elements of it work. As we so often say, tax knowledge is tax power. Most taxpayers assume that the amount of tax they pay is determined by which tax bracket they’re currently in. This is both a true and untrue statement. If you’re in the 24 percent bracket, does that mean every dollar you earn is taxed at that rate?  Going forward, yes; looking backward, no.

Why Managing Risk May Be the Key to Financial Survival

When people talk about reaching their investment goals, they often focus their rate of return. Instead you should focus on instead is risk management: minimizing the damage of unforeseen events.