Articles - Financial Planning

I Want to Buy a House – How Much Can I Afford?

Regardless of whether you rent or buy, housing is likely to be one of the largest expenditures you will have over your lifetime, second maybe only to taxes. Obviously, paying your tax bill feels a whole lot worse than paying your mortgage, which is why we all do our darnedest to minimize our tax liability. Still, making the right housing decisions can have just as much of an impact on your finances, and as a result, other areas in your life too.

The 2018 Tax Reform & How It Impacts You

As many of you know, there have been a lot of changes to the tax code under the Tax Cuts & Jobs Act that will affect everyone to some extent. Most of these changes are taking effect this tax year (2018) and will last until 2025, at least, so I thought it would be helpful to highlight a number of the changes here just in case you wanted to get started on your tax planning early this year (and you should)!

Human Capital: Why It’s Important and How You Can Improve Yours

Dealing with a lot of clients in or nearing retirement, I would get a lot of questions about whether or not they had a large enough portfolio (or financial capital) to maintain their lifestyle throughout their retirement years. Once they understood what they had and then what their budget was, they were fairly comfortable with the process of receiving a “paycheck” from their investments and didn’t worry too much about their investment returns.

Traditional vs. Roth 401k: Which is Best for You?

Roth 401(k) and 403(b) accounts first hit the retirement plan market in 2006, but have only recently been more widely adopted by employers as an offering to their employees. While potentially another great option for you to save more for retirement, choosing between a Traditional and a Roth 401(k) adds yet another decision for you to make in your financial life. So together, let’s decide which is right for you.

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