Insights
Tag: Retirement Planning
October 29, 2024
Long Term Care Planning
Whether you are part of the “sandwich generation” ― caring for both your kids and your parents ― or you are aging yourself, eventually some form of long-term care may be necessary in your family. Morningstar reports that 70 percent of those who turn 65 will need long-term care at some point in their lives, [...]
Contributions from: Vonie Bright, CFP®
October 2, 2024
Should You Redeem Your Series I Bonds? Here’s What to Consider:
Series I Bonds, also known as I Bonds, are a type of savings bond issued by the U.S. Treasury that offer investors a very low-risk investment vehicle option with a unique combination of a fixed rate and a variable inflation rate that is updated every six months. A couple of years ago, when inflation was [...]
Contributions from: Darren Ritchie, CFA®, CAIA®, Anne Marie Stonich, CFP®, CPA
September 3, 2024
Maximizing Your Employer Benefits
For most Americans who work for an employer, autumn is open enrollment period. While it’s easy to simply adopt last year’s elections, you may want to take a second look. To maximize your savings, reexamine the benefits available to you. The following are some tips to help you make the most of your benefits to [...]
Contributions from: Larissa Vidal, CFP®
September 3, 2024
Save More for Retirement with Your Health Savings Account
As you plan for retirement, consider using one of the best options for building tax-advantaged savings – a Health Savings Account (HSA). An HSA is a medical savings account available to anyone enrolled in an HSA-compatible high-deductible health plan (HDHP). For the year 2024, the IRS defines an HDHP as a plan with a deductible of at [...]
Contributions from: Eric Schuehle
February 9, 2024
10 Essential Tax Planning Strategies
As the saying goes, “in this world nothing can be said to be certain, except death and taxes.” While we may not have control over the inevitability of taxes, we do have tax planning strategies at our disposal to minimize the impact. When utilized productively, tax planning can be a strategic approach to optimize your [...]
Contributions from: Vince Lee, CFP®, CPA
January 8, 2024
New Gifting and Contribution Limit Changes For 2024
There’s one thing we can always count on at the start of each new year – new contributions and gifting limitations from the IRS. As you begin your planning for the year ahead, we’ve highlighted some of the key 2024 changes to be aware of for retirement accounts, health savings accounts, and gifting. Individual Retirement [...]
Contributions from: Jay Winston, CFP®
December 6, 2022
Do You Really Need To Retire?
When I sat down to write this article, I was supposed to create a retirement checklist but instead I kept thinking about Greg… I met Greg this summer while golfing in Maine with my brother. In those four hours, I gathered that he had a wicked New England accent, a very low handicap, was in [...]
Contributions from: Rachel McCracken, CFA®, MBA
December 2, 2022
12 Tax-Friendly States for Retirees
Congratulations if you are retired or if retirement is imminent – extended relaxation is just around the corner! Thoughts of retirement bring up important questions like when and where? What would your home look like if not tethered to a neighborhood by your office commute or kids’ school district? There might be great places to live [...]
Contributions from: Hilary Massee Clark
October 7, 2022
Understanding Your Benefits at Virginia Mason
Virginia Mason offers their employees a robust suite of retirement benefits. When utilized correctly, these benefits can be valuable assets to your financial plan. Throughout this article, we’ve highlighted the pros and cons of the most prominent benefits. Virginia Mason Retirement Plans 403(b) Plan With this plan you can defer anywhere from 1% to 80% [...]
Contributions from: David Bigelow, CFP®, MBA
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