You turned your dream into a career and your small business is still going strong as you start thinking about retirement. As a small business owner, succession planning is important to ensure you have a smooth transition to retirement or… Read More
Tax-Efficient Withdrawal Sequencing: Taxable vs. Roth vs. Traditional Achieving financial security in retirement requires more than diligent saving; it requires thoughtful planning around how and when you withdraw from your retirement accounts. Strategic withdrawal sequencing between taxable accounts, traditional (tax-deferred)… Read More
Financial planning involves creating a detailed roadmap to help you reach your personal and financial goals. It’s more than just investing or budgeting, it encompasses a broad spectrum of financial considerations including tax optimization, retirement planning, estate planning, insurance coverage,… Read More
It’s that time of year again and you have been collecting your documents for your tax return. Whether you prepare your own or have a tax preparer, here is a handy guide to make sure you have everything you need… Read More
Medicare Part D helps cover the costs of the prescription medications you need to stay healthy. But its different phases of coverage aren’t always easy to understand—including what’s known as the Medicare coverage gap or “donut hole.” It is important… Read More
Many people do not have to worry about heirs paying taxes on their estate. This is because the federal exemption amount is currently $13.61 million, meaning that your estate must be valued above that for any estate taxes to apply…. Read More
Understanding Life Insurance: Why and How to Protect Your Loved Ones Life insurance is an essential part of financial planning, offering peace of mind by providing financial security to your loved ones in case of your untimely death. Imagine your… Read More
For small business owners and solo entrepreneurs, planning for retirement can often take a backseat to day-to-day operations. However, establishing a solid retirement plan is essential for both your future and that of your employees. With various options available, finding… Read More
Recently I attended a 2-day conference for CPAs through CalCPA on the topic of estate and trust planning. One of the more interesting topics was how to help our clients be successful successor trustees for their parent’s estate when they… Read More
Estate planning can be a difficult topic, no matter your age. Most people do not care to think about the world continuing to spin when they are no longer on it. A recent study from Caring.com shows that two-thirds of… Read More
You turned your dream into a career and your small business is still going strong as you start thinking about retirement. As a small