News and Resources

tax planning blog

Tax Planning vs. Tax Preparation, What Is The Difference?

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Welcome to tax time, where people scour each line of their return looking for potential savings and frantically rush to submit their forms to the IRS by April 15. When people think about doing their taxes, they often only think of tax preparation. But your tax strategy does not have to be limited to once…
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Vanguard's Alpha and Morningstar's Gamma

A Brief Discussion of Vanguard’s Alpha and Morningstar’s Gamma

  Resources
This paper was written for educational purposes only. It must not be construed as the rendering of investment, tax, retirement, estate or risk planning advice. Please do not take action on anything that you read in any of our whitepapers, or anything that is mentioned in our classes, before first discussing it with your investment,…
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Taxes In Retirement Blog

What Taxes Do You Pay In Retirement Accounts?

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Retirement planning includes formulating a strategy for how your retirement income will be taxed. Retirement income can be taken from many sources that have different tax implications.   A tax efficient withdrawal strategy helps maximize your retirement income. Types of Tax Before we look at the accounts themselves, it is important to have an understanding of…
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Case_For_Downsizing_Blog

The Case for Downsizing

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As you near retirement you will be required to make many important and sometimes irrevocable choices. Retirement housing decisions are among the most important. Should you payoff your mortgage prior to retirement?  What are you going to do with your home once you retire? Is it wise to stay in your house, or would you…
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Comprehensive Financial Planning

The Difference In Comprehensive Financial Planning

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Financial planning is a diverse field.  It uses economics, finance, law, communication, psychology, and so much more to help promote balance, independence, security, and joy in one’s financial and personal life. Sometimes financial planning engagements take the form of a short project, an event, or an answer to an important question related to one or…
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Take Your Retirement Budget For a Test Drive

Take Your Retirement Budget For a Test Drive

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So many people underestimate the amount of money they will need to maintain the lifestyle they want when they retire. Most of the practices we employ for retirement savings are based in the hypothetical: budgets, spreadsheets, and goals. Why not make the intangible tangible by testing out your retirement budget to see how it works.…
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The Best Time To Claim Social Security Benefits

The Best Time To Claim Social Security Benefits

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12.4% of your paycheck has been funnelled into Social Security for most of your working life. As retirement approaches, you will need to think about when and how you will receive the benefits of your many contributions. There are three ways you can elect to enroll in your social security benefits: early, full retirement age,…
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What To Do With Your 401(k) When You Leave A Job

What To Do With Your 401(k) When You Leave A Job

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You are ready for a new adventure, Congratulations! Leaving an old job can be a freeing experience because it opens you up to another chapter of your journey. It can also be incredibly unsettling, leaving you to find a new routine, balance, and structure. Leaving a job comes with many difficult steps: packing, moving, budgeting,…
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