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Category: Retirement Planning

Understanding the Rise in Retirement Savings: Insights from the Vanguard Study
Understanding the Rise in Retirement Savings: Insights from the Vanguard Study
In a recent study, Vanguard revealed that American retirement savings have reached record heights, with the average 401(k) savings rate hitting an all-time high of 11.7% in 2023. This is a significant milestone, indicating a […]
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529 to Roth IRA Rollovers: What to Know
529 to Roth IRA Rollovers: What to Know
Beginning in 2024, 529 plan holders can roll their accounts into Roth IRAs without paying taxes or penalties. Having unused or leftover funds in a 529 plan account has been welcome news for many families. […]
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Retirement Readiness: Identity Beyond the Workplace
Retirement Readiness: Identity Beyond the Workplace
20 Mar 2024
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What defines you? Your faith, your family, your community, your talents? For the majority of U.S. white-collar workers, the answer might be their job. In fact, a 2014 Gallup poll showed that 70% of college-educated […]
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Maximizing the Benefits of a Health Savings Account
Maximizing the Benefits of a Health Savings Account
5 Mar 2024
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Imagine someone told you there was a tool that allows you to make contributions that reduce your taxable income, accumulate tax-free earnings, and make tax-free distributions if they are used for qualified health expenses. Sounds […]
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Retirement Is Near. What Is Your Retirement Income Plan?
Retirement Is Near. What Is Your Retirement Income Plan?
14 Feb 2024
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Statistics tell us the only 1 in 6 retirees have a retirement income plan. On average, many Americans approach retirement without a clear understanding of their financial readiness. This uncertainty often leads to a lack […]
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Leveraging Qualified Charitable Distributions
Leveraging Qualified Charitable Distributions
Navigating the tax code to identify tax planning opportunities is tricky for the average joe. Even Albert Einstein said, “The hardest thing to understand in the world is the income tax.” With tax season wrapping […]
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Making the Most of Retirement: Newfound Freedom
Making the Most of Retirement: Newfound Freedom
Congratulations on reaching the pivotal milestone of retirement! After dedicating so much of your time to your career, this accomplishment reflects your investment in time, education, and sheer determination. As you transition into this new […]
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How RMDs Work
How RMDs Work
A Required Minimum Distribution (RMD) from a retirement account is exactly what it says – required, mandated, a “must-do”.  It’s a specific, calculated amount that must be distributed from the account each year you live […]
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The Roth Conversion Window
The Roth Conversion Window
Retirement planning can be a complex and often daunting task, with numerous strategies and options to consider. One powerful tool that often goes underutilized is the Roth conversion. This financial maneuver allows you to optimize […]
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Retirement: The Good, The Bad, and The Ugly
Retirement: The Good, The Bad, and The Ugly
8 Aug 2023
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Retirement is often thought of as the reward at the end of a long and fulfilling career. It’s the time when you can relax and enjoy the fruits of your labor. But the reality is […]
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