It's not always pleasant to think about the possibility of needing long-term care, but it's a necessary part of getting older.
On December 6th, 2018, Summit View Wealth Management hosted an event “Women: Wired to Invest” at the Carnegie Museum of Art.
Things you can do for your future as the year unfolds. Provided by Brad Tiche What financial, business, or life priorities do you need to address for 2019? Now is a good time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to lowering your taxes. You have plenty of options. Here are a few that might prove convenient. Can you contribute more to...
You may see some significant tax benefits by making these moves. Provided by Brad Tiche The end of 2018 presents bond investors with opportunities. This is a prime time to consider bond swaps (or tax swaps as they are sometimes called), in which you sell certain bonds at a loss and replace them with others. Every investor wants to lessen his or her tax liability, and this is one way to pursue that goal. At...
It seems high time to dispel some of these misconceptions. Provided by Brad Tiche Generalizations about money and retirement linger. Some have been around for decades, and some new clichés have recently joined their ranks. Let’s examine a few. “When I’m retired, I won’t really have to invest anymore.” Society still sees retirement as an end instead of a beginning – a finish line for a career. In reality, retirement is the start of a...
Start your “second act”, and your vision of the future may be revised. Provided by Brad Tiche How much have you saved for retirement? Are you on pace to amass a retirement fund of $1 million by age 65? More than a few retirement counselors urge pre-retirees to strive for that goal. If you have $1 million in invested assets when you retire, you can withdraw 4% a year from your retirement funds and receive...
Some alterations to the Internal Revenue Code were less publicized than others. Provided by Brad Tiche Late last year, federal tax laws underwent sweeping changes. Nearly a year later, you can be forgiven for not keeping up with them all. Here is a look at some important (yet underrecognized) adjustments that may affect the numbers on your 2018 federal return. 1 First, most miscellaneous itemized deductions are gone. The Tax Cuts & Jobs Act of...
Comparing their features, merits, and demerits. Provided by Brad Tiche How do you save for retirement? Two options probably come to mind right away: the IRA and the 401(k). Both offer you relatively easy ways to build a retirement fund. Here is a look at the features, merits, and demerits of each account, starting with what they have in common. Taxes are deferred on money held within IRAs and 401(k)s. That opens the door for...
Unmarrieds need to approach retirement planning pragmatically. Provided by Brad Tiche In an ideal world, it would be simple to prepare for a solo retirement. You would just save half as much as a couple saves, buy half as much insurance coverage, and expect to live on half the income. Reality dictates otherwise. Real-world planning for a solo retirement begins with an assumption. You assume, at some point, that you will retire alone. You may...
Bluegrass and Barbeque On May 19th we hosted our sixth annual Client Appreciation Celebration and Referral event, Bluegrass and Barbeque. Thanks to all who joined us at North Park on a beautiful, (mostly) sunny day to enjoy a spicy bowl of chili by Revival Chili, a delicious meal by the folks at the Big Black Grill, and handmade Pig cutouts by the Cookie Artisane as well as live bluegrass music by The Well Strung Band...
They are all too common. Provided by Brad Tiche Many households think they are planning carefully for retirement. In many cases, they are not. Weak spots in their retirement planning and saving may go unnoticed. Couples should recognize that they may face major medical expenses. Each year, Fidelity Investments estimates how much a pair of newly retired 65-year-olds will spend on health care throughout the rest of their lives. Fidelity says that on average, retiring...