A spousal IRA expands the retirement savings toolkit and can help lower taxes during working years. If you and your spouse both have access to an employer-sponsored 401(k) plan, retirement saving is as easy as specifying the pre-tax contribution amount to be deducted from your...
The financial advisor model has changed a lot over the last several decades. From the investor's perspective, these changes provide more options and services. However, knowing exactly what your advisor can do for you has never been more confusing. A brief history lesson – until the...
Episode 2 of the Leaders' Way to Wealth video series is live on YouTube. Managing Partner Ian Hamre and analyst Tyler Hillyer discuss the top questions of the month regarding the markets, financial planning, and wealth-building strategies....
Last week we sent the below letter to our clients addressing the market's volatile swings so far in 2022. These brief letters, which we refer to as Flash Alerts & Guidance, are a cornerstone of our client communication plan. Whether it's the Covid crash, a tax-law...
Early retirement may be planned or unplanned, but either way, stopping work results in big lifestyle changes. Along with losing a primary source of income, early retirement could also mean losing employer-sponsored health insurance – which can create a significant expense you may not be...
The spike in inflation we’ve seen over the past 12 months impacts far more than just the prices we pay for goods & services. The IRS uses consumer price inflation (CPI) to determine certain increases to exemptions and deductions for federal tax purposes. While the...
Deciding which type of deferral to make in your 401(k) or other employer retirement plan is usually positioned as a choice between lowering taxable income now (traditional) or assuming that your tax rate will be higher in the future so you should pay tax now...
Join Managing Partner Ian Hamre and analyst Tyler Hillyer as they discuss the top questions of the month regarding the markets, financial planning, and wealth-building strategies....
To say that the past two years of investing have been a rollercoaster would be an understatement. The stock market indices crashed over 30% in March 2020. While many investors sold out of their positions, those who kept their head down & continued investing were...
You’ve built a retirement nest egg by saving consistently and investing carefully. But once you’re near or in retirement, your focus shifts a bit. The value of having accounts with differing tax statuses becomes apparent when you set out to create an income stream that...