01 Sep
September 01, 2016

Retiring or changing employers is a big transition for most people. One way to maximize this time of change is to utilize a unique opportunity to roll your 401(k) monies from your old employer’s plan into an IRA. Doing so provides you with more flexibility and control over your retirement savings.

When leaving an employer you generally have three options for your 401(k) monies:

Leave your funds in the 401(k) plan
Take a direct distribution of the funds (penalties may apply if you

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07 Jul
July 07, 2016

For charitably inclined individuals, many strategies exist that allow you to meet your philanthropic goals while creating tax savings. One strategy to consider is a Qualified Charitable Distribution, or QCD. QCDs are distributions that come directly from your IRA to a qualified charity of your choice. This type of IRA distribution is not included in the taxpayer’s AGI. QCDs became permanent with the Protecting Americans from Tax Hikes (PATH) Act of 2015, and this strategy allows individuals to

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04 Jan
January 04, 2016

Ben Franklin once said, “Be at war with your vices, at peace with your neighbors, and let each New Year find you a better man.” The beginning of a new year often leads us to examine our lives and find ways to battle vices.

While many of our goals for the New Year may be physical in nature, there are many parallels between our physical and financial well being. When I think of financial goals, I divide

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09 Nov
November 09, 2015

Have you asked yourself where your paycheck will come from in retirement? Once taxes  are considered, will it be enough to live the way you want? For most of us, starting and ending our career with the same company is a thing of the past, as are the days of pension checks funding the majority of our retirement.  For better or worse, most of us now bear the responsibility for our own retirement planning and determining how our savings will

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04 Nov
November 04, 2015

My three-year-old daughter was in the checkout line at a craft store with my wife, happily dressed up for the day as a witch. She had a black dress and black hat, plus she was excitedly holding a bouquet of artificial flowers. (After all, it was a craft store!) Another mother and slightly older daughter waited in front of them in the line. The child pointed at my daughter and said in a loud voice, “Look, Mom – that girl’s

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