As our parents age, it’s only natural for us to want to keep an eye on them to make sure their finances stay in good order: bills paid, taxes done correctly, RMDs taken, etc. Sometimes that’s much easier said than done. How do you make sure your parents are on top of their financial situation… View Article
Have you heard that you’re going to be taxed on the Social Security benefits you receive? Or have you heard that they’re never taxed at all? Many people have no idea what to expect. This is because sometimes a recipient’s Social Security benefits will wind up being taxed under certain conditions, while others may never… View Article
You’ve probably heard that it’s important to have what we call “diversification among asset classes.” Strictly speaking, this simply means “don’t put all your eggs into one basket.” And that makes sense on many levels, because it’s almost never a good idea to make a bet on one single sector, or one asset class, or one stock, or… View Article
When you’re young, you generally have time on your side. That’s one of the many great things about youth. Most minor mistakes you make, and even a few major ones, can be solved (or at least diminished) by the passage of time. As you get older, though, your time window becomes smaller, and suddenly the… View Article
One of the most common retirement questions people ask themselves is this: Will I have enough money to spend in retirement? It’s also a question that we financial planners spend a lot of time thinking about. I’ve talked before about one of the more popular rules of thumb – the old “4 percent rule,” which… View Article