As Benjamin Franklin once said, “. . . in this world, nothing is certain except death and taxes.” For good reason, few people like to talk about either of these topics. Nonetheless, in this article, I will focus on the latter, taxes. In retirement, taxes are coming...
Fall is my favorite time of the year, and it is here. The leaves have begun to change, the temperatures are starting to cool off, and we are in the middle of college football season. Just like the weather has begun to change, the IRS has made changes that will affect...
The US legislature is required to raise revenue for bridges, armies, and social safety nets. The budget changes and the need for more income seem obvious. The tax code creates a rule book attempting to uncover the necessary revenue to run our country. Bear in mind...
Your Retirement Playbook with Joe Clark, CFP. In this segment we will cover: When you have an extra dollar, where should you put it? Do you have a checklist or process on how to make that decision? Join us as we break it down! Your Retirement Playbook” is an...
Your Retirement Playbook with Joe Clark, CFP. In this segment we will cover: Get out of the penalty box! You know I hate rules (or are the guidelines or the suggestions?). When I look at most people's financial plans, other people's decisions were actually made,...
Your Retirement Playbook with Joe Clark, CFP. In this segment we will cover: What in the world is a tax bomb?! Ed Slott's retirement Tax Bomb. I've been a part of Ed Slott's organization for the last 18 years (hard for me to believe), where we study taxes. This...
Consider This Program with Aaron Rheaume, CKA, and Grant Soliven, AIF. In this segment we will cover: Coming to the end of your working career can be both exciting and terrifying. How are you going to replace your standard of living without a paycheck? What are the 7...
Consider This Program with Grant Soliven, AIF, and Aaron Rheaume, CKA. In this segment we will cover: Tax Planning Show An in-service, non-hardship distribution is a 401k option that not many are aware of. What other options are wrapped inside of your 401k? Are you...
Knowing which basket to use is essential when engaging in activities like picking apples, or shopping at the grocery store. The same is true when evaluating your investment portfolio. The most common “baskets” used for investing today are mutual funds and their...
Consider This Program with Jamie Burton and Grant Soliven, AIF. In this segment we will cover: On this segment of Consider This Program, learn why the number one wealth eroding factor is not investment losses but Uncle Sam! Talking Points: 1. Tax Planning 2....
If you could reduce your tax liability every year, wouldn’t the accumulation of those taxes add up to the smallest amount owed over your lifetime? In the short term, this is accurate, but it is the long-term ramifications that matter most. Wise investors need to...
Consider This Program with Joe Clark, CFP, and Grant Soliven. In this segment we will cover: Knowing the difference between marginal and effective tax rates is important, especially going into retirement. Where do you need to focus your attention? Call 800-928-4001 or...
Consider This Program with Joe Clark, CFP and Dean Huddleston. In this segment we will cover: People think about money in terms of investment return. Retirement is about income, not assets. Make sure that you are building tax diversification along the way. What is tax...
When saving for retirement, many factors determine the most efficient and effective way to save. Should I be saving my money pre-tax or after-tax? Should I also have a bucket of taxable money? What may feel good today is not always what is best for our future. A...
Consider This Program with Joe Clark, CFP, and Grant Soliven, AIF. In this segment we will cover: Many Americans wait until the last possible minute on April 15th to submit their taxes. Not only can that kind of delay put you in an uncomfortable position with the IRS....
Consider This Program with Joe Clark, CFP and Jamie Burton. In this segment we will cover: We all talk about financial readiness, but are your beneficiaries prepared for what comes next? What do your heirs need to know about your assets and their future? Join us on...
Consider This Program with Joe Clark, CFP and Aaron Rheaume. In this segment we will cover: Tax Planning is different from Tax reporting. One takes place after the clock has run out. The other can at times be the difference between financial freedom or financial...
Tax season ended this year on Monday, May 17, marking the second year in a row where the deadline was extended. Our office, as well as our CPA affiliates, found themselves working until the last possible moment. An unwritten rule says the longer you give yourself to...
Consider This Program with Joe Clark, CFP and Aaron Rheaume. In this segment we will cover: Tax reporting is what we are all doing right now. Tax planning is what you did before the end of the year. Reporting tells the IRS the tax story of last year. Tax planning...
Consider This Program with Joe Clark, CFP and Brett Spangler, CPA. In this segment we will cover: Effective rates are a focus of accounting software where the computer tells you what tax rate you paid on the average dollar earned. It is a critical number during...
Consider This Program with Joe Clark, CFP and Aaron Rheaume. In this segment, we will cover: Kicking the can down the road" Imagine a cigarette salesperson saying, "Smoke these. They'll give you cancer in the future, and you won't need as much retirement savings." The...