I received a great question from someone recently: Should he do a giant (and I mean giant) Roth Conversion in light of potential tax increases as well as future legislation potentially ending Roth Conversions?
Tune in to listen to my answer as well as 5 things to think about if you want to make a big Roth Conversion.
Today we are going to be sharing something really sad and frankly troubling for your finances. We’re going to be talking about why people have poor returns on their investments. And no, it’s not because the market is doing poorly. Instead, it’s because of investor behavior, or in other terms, human error. Human behaviors that cause investors to walk away with much lower returns than they could. Why? It comes down to behavior mistakes. Not low IQ! Call it fear,…
Working with a financial advisor is a really big decision, and you want to make sure you make the right choice. If you are considering hiring one for yourself and your family, I would encourage you to consider the services offered, the cost, as well as the value they can provide to you. In my experience, a lot of people talk about the cost of using a financial advisor but don’t properly consider the value they can provide as well. …
What you need to do to lower your tax burden
I get a lot of questions about how to lower your taxes not just in the current year, but over your lifetime. It’s an important topic, especially as taxes are set to rise in just a few years (or maybe sooner).
Next Wednesday at 6 PM MST/5 PM PST, I’ll be hosting a live webinar on how you can start creating your own tax strategy so that you can lower your lifetime tax burden and retire comfortably.
There’s no feeling like when you are close to retirement and you know you have a really huge, juicy nest egg waiting for you. But what if I told you there was one tiny thing you may have never heard about that can ruin it? I don’t mean ruin a small part of your retirement plan, but all of it! Before you get too scared, hold on a minute… The flip side is that this tiny thing could make you…
I remember speaking with a friend of mine, who was struggling to help his parents with all of their financial affairs. At his wit’s end, he asked me, “Where in the world do you go to figure out this stuff (retirement planning stuff)?” Yes, you can do some google searches, and maybe find a book or two on various topics. But what he was asking for was a step by step process of everything leading up to retirement. Where is…
When it comes to Estate Planning, one of the most important things you can do is to to lay out your wishes when it comes to your health later in life. This is in the event that you are not mentally able to make these decisions for yourself, which sadly happens to a number of people. So instead of it being up to someone else, what you can do instead is lay out your health care wishes now, while you…
I do my best to stay in shape, and one of my favorite things to do is cue up a good podcast and then go for a nice run outside.
I went for one on Sunday afternoon right after church and I was breezing through the neighborhood doing my best Usain Bolt impression…
Many people that I speak to come to me and say that they want to avoid probate, but they can’t precisely say why. They’ve just heard it’s something that they might want to avoid and so they’re trying to figure out how to avoid it. If you’ve never had a loved one die, you may never have experienced it. Probate can be a very costly, and time consuming process, which is why it’s talked about negatively, and why many people…
One of the most common questions asked about estate planning is “What is the difference between a will and a trust?” There are a few similarities, but a lot of differences also. In both cases, these documents are a part of your estate plan – to have a complete estate plan, there are also powers of attorney for medical and financial purposes and other documents needed. Today, we will cover similarities, differences, and common FAQ. Similarities between a will-based plan…