Let's begin with the definition--sequence of returns risk refers to the possibility of running out of money due to poor investment returns in the early years while you are withdrawing from the account. This is often associated with retirement accounts during the spenddown stage of life. Simply put--timing does matter. A retiree relying on income [...]

Having a family member or close friend pass away can be a very emotional experience. Things can become even more complicated when money is involved. Leaving an inheritance behind can be someone’s final way of telling their loved ones that they care about them, and you will want to use this gift wisely. Here are [...]

When you retire there are things to consider before taking your required minimum distributions. Once you have reached the age of 73 you will be required to withdraw a specific amount from your tax deferred retirement accounts. These include your employer 401(k), 403(b), traditional, SEP and Simple IRAs. Due to the Secure Act 2.0, if [...]

In today’s day and age, protecting your property has started to extend far beyond just securing the physical property. With advancement in technology, including AI, cybercrime has become increasingly prevalent and has many people worried. For this reason, adding to the list of items you need to protect from criminals is the deed to your [...]

The traditional Roth IRA comes with income limits that may prevent high earners from contributing directly. For instance, in 2024, single filers with adjusted gross incomes above $161,000 ($240,000 for married couples filing jointly) are ineligible for direct Roth IRA contributions. However, there exists a legal pathway, to make Roth contributions for high earners. Here’s [...]

In times of uncertainty, such as the lead-up to an election, politics often dominates the headlines and conversations. During times like these, one common question is what to expect from the market as the election comes around? While an election may influence market sentiment, the primary focus when answering this question should be about policy. [...]

Gardening is one of my favorite ways to spend a summer Sunday afternoon. There is something truly exciting about planting and tending towards a fabulous harvest. Growing up, I spent many summers learning from the best- my grandparents. For them, gardening was a retirement hobby, but for my siblings and me, it was a wonderful […]

The stock market had a very strong May with S&P 500 up 4.96%.  Year to Date the SPX is now up 11.30% (with dividends reinvested).  The market continues to be led by the “Magnificent 7” up 10.38% in May and 21.68% YTD. The Mag 7 ( NVidia, Apple, Microsoft, Meta, Alphabet, Amazon and Tesla) make [...]

Being self-employed comes with many perks—flexibility, independence, and the satisfaction of building something from the ground up. However, it also brings significant responsibilities, particularly when it comes to taxes. For small business owners, understanding and managing taxes is crucial for financial health and long-term success. This guide will help you navigate the complexities of taxes, [...]

Shh, do you hear that? It’s the newfound silence of having an empty house. Finally, freedom! With graduation season upon us, it is no doubt that many parents are gearing up for the new feel of being an empty nester. For those soon to be celebrating your child’s college graduation, it can be an emotional [...]

In today’s job market, focusing solely on salary when evaluating a job offer is increasingly seen as a narrow approach. A comprehensive employee benefits package can significantly enhance your financial well-being and overall quality of life. This blog post delves into the myriad ways you can leverage employee benefits to fortify your financial health, beyond [...]