How to Avoid Common Errors Around Required Minimum Distributions in Your Retirement Accounts

When it comes to their retirement accounts, many investors often fail to think about required minimum distributions (RMDs). That oversight can lead to unnecessary tax burdens and other financial issues. In order to handle RMDs effectively, an understanding of the rules—and common errors people make—can be beneficial.

Market Volatility and Your Investing Strategy

Fluctuations in your 401(k) or workplace retirement savings account can stir up negative emotions, making you want to hit the panic button. But in turbulent times, it's more important than ever to remain calm and stay on course toward your long-term retirement savings goals.

7 Tips to Help Smooth Your Job Transition

Starting a new job is exciting, but it can also be stressful, especially when it comes to transitioning your benefits package. I've put together a list of tips to help make this transition as seamless as possible and keep your financial plan on track.

Should You Consolidate Your Retirement Accounts?

If you're like most people, you've saved for retirement in multiple ways, including employer plans and individual retirement accounts (IRAs). As you approach retirement, it may make sense to consolidate all of your savings into one account to achieve a coordinated investment plan.

What exactly is a financial plan?

As a Wealth Management Consultant, I'm often asked two questions "What is a financial plan?" and "Is a financial plan different from investment management?" In short, yes—financial planning and investment management are two distinct wealth management tools that work together to help you achieve your short- and long-term financial goals.

Retirement Income Planning: The Total Return Approach Vs. The Bucket Approach

Most working Americans have only one source of steady income before they retire: their jobs. When you retire, however, your income will likely come from a number of sources, such as retirement accounts, social security benefits, pensions, and part-time work.

When deciding how to manage your various assets to ensure a steady retirement income stream, there are two main strategies to consider: the total return approach, or the investment pool—or bucket—approach.

FAQ: Trusts

Trusts are a great way to put conditions on how, when, and to whom your assets will be distributed after you pass away. However, there are several options and specific terms to know when it comes to setting up a trust, and many people aren't sure of the best path forward.

To help explain, I've put together some frequently asked questions and answers on the subject.

3 Financial Considerations for Retirees Planning to Relocate

You've worked long and hard and are nearing retirement age. Like many other baby boomers, with your kids out of the house and a surplus of empty space and time, you may be thinking about moving. To help you make up your mindor make your transition go as smoothly as possible—we've compiled this list of tips.

Medicare 101

Many of my clients have questions about Medicare. How much will it cost? When should I enroll? What are my options? The process for enrolling in Medicare is surprisingly easy, but there are several options you'll need to consider.

To shed some light on the topic, I've put together Medicare 101: A guide to enrolling in the Medicare plan that is right for you

Tax Planning from a Financial Planner's Perspective - 9 Strategies to Consider

As we approach the end of 2016, you'll likely hear many people talking about year-end tax planning. While implementing tax planning strategies at year-end is certainly advantageous, tax planning can be even more beneficial as a year-round activity. 

As a financial planner, I often advise my clients to regularly review their financial planning activities alongside the current tax strategies available to them, to minimize potential income taxes while staying on course to meet their financial goals.