Many baby-boomers have earned pensions over their working careers and are confronted with the complex decision of how best to optimize it. Some plans offer the choice of a lump sum that can be rolled over pre-tax to an IRA instead of a lifetime monthly payment. Next year, 2021, will likely be an optimal year to elect the lump sum for many. Continue reading
We’re excited to make a big announcement on this episode of Retire Smarter. Kevin is joined by True Wealth Design’s newest partner, Ron Wyatt, who brings more than 25 years of financial planning experience to the firm. A lot of existing listeners will be hearing from Ron for the first time, so we’ll spend some time getting to know his background and professional journey. And new listeners will also get to learn more about Kevin’s experiences. Continue reading
The purchase price of your car is one factor to consider. But the Total Cost of Ownership — adding in costs for insurance, fuel, maintenance and repairs, as well as the residual value upon sale — is a better way to evaluate financial aspects of a car purchase.
Same too goes for selecting investments. Many solely use the expense ratio to determine what fund to buy. But while the expense ratio is important, it does not tell the whole story. In fact, it may tell only a small part. Continue reading
Many early retirees find they must utilize Affordable Care Act (ACA or Obamacare) policies to bridge the gap from employer-provided health insurance to Medicare at age 65. ACA policies are expensive but even affluent families may be able to obtain significant tax credits to offset premiums. Continue reading
Listen to learn about your health insurance options from the time you retire to before you can begin Medicare at age 65. Should you take COBRA? What types of plans are available for Affordable Care Act (ACA or Obamacare) plans, and how much do they cost? How do ACA tax credits work, and how valuable are they? Continue reading
Healthcare is a primary concern, especially for retirees. Transitioning from employer-provided coverage you’ve been on for decades is stressful. Good news is Medicare is a good deal, but you need to make smart decisions. Listen to learn about Medicare, it’s costs, pros and cons of supplemental and advantage plans, and much more. Continue reading
We are happy to announce we have a mobile app available for your smart device in both Apple and Android environments. Now it is more convenient than ever to access your financial information with streamlined access to key investment reports, your document vault, and service team contact information. Continue reading
As a financial advisor, many commonly believe I deal with technical or mathematical issues around financial planning, investing, and taxes. While that is true, dealing with the emotional matters that surround money is often just as important as and, in … Continue reading
As your Annual Notice of Change arrives in your mailbox, you may have questions about those changes. Or perhaps you aren’t sure if the Medicare plan that you have is still meeting your needs. Your prescription drugs may have changed, and your Drug Plan may not be as suitable as it once was. These items and other questions can be addressed during the complimentary review. Continue reading
Proper investment diversification works … even when you don’t want it to. With the US stock market and particularly large technology stocks having the wind at their backs recently, many are eschewing diversification to chase these high flyers, rhyming with the Tech boom and bust of the 1990s.
As the saying goes, if we forget history, we are doomed to repeat it. In that spirit, hear Kevin tell an investment tale of the last two decades. Continue reading