The ROTH IRA is a popular way to save money for retirement because it’s one of the only ways that you can invest money today, allow it to grow with interest and the market for an indefinite amount of time, and avoid paying taxes on what you’ve gained. For example, let’s say you invest the maximum $6,000 in a ROTH …
Protecting Your Business Wealth When the Unimaginable Happens to a Key Employee
When you own a business, you like to think that you’re in control, especially of the things that most affect its value. Fortunately, you do have control over several of them, such as: Access to Capital – Accessing and gaining the necessary capital to improve or expand your operation when needed. Customer Base – Building a solid and diversified customer …
2nd Quarter Review and Mid-Year Outlook
By Eric Wymore CRPS© The S&P 500 returned 4.3%* during the second quarter of 2019. The year-to-date return of 18.5%, for the first half of the year, is the highest return since 1997. The primary driver for the increase were due to the speculation that the Federal Reserve would cut interest rates as well as an announcement of a tariff …
Planning Tips
By John Jespersen Financial Planning Focus: Do You Have a High-Deductible Health Plan? Are you contributing to an HSA plan? Are you spending your HSA contributions on medical expenses? Does your HSA provider offer a good array of investment choices? If the answer is yes, then our financial planning conversation must include the topic of Health Savings Accounts (HSAs). As …
Answering a Key Question on Maximizing Charitable Giving
Giving Tuesday 2018 was a record breaker. Donors made 3.6 million donations, totaling more than $380 million in the U.S. alone. That is up from $274 million raised on Giving Tuesday in 2017. Keep in mind that we’re referring to JUST ONE DAY—Giving Tuesday, which takes place the Tuesday after Thanksgiving. Most of us have a cause that is near …
Tax Savings for Small Business Owners
For many small business owners, saving money on your income taxes is usually at the top of the list of your top concerns. If you are the owner of a pass-through entity, such as an S Corporation, an LLC, or a Partnership, etc., you may have noticed the nice little tax break that you received in 2018, as most pass-through …
How Can a Financial Advisor Help Me if I’m 5 to 10 Years Away from Retiring?
Are you in the twilight of your career or feeling like retirement isn’t quite as far off as it used to be? Even though you’re not retiring next week, it’s normal to begin wondering if your ducks are as lined up in a row as they can or should be. Five to ten years out from retiring is a good …
Financial Planning Perspectives: Benefits of Health Savings Account
By John Jespersen Financial Planning Focus: Benefits of Health Savings Account HSAs provide a triple tax advantage HSAs are more flexible than Flexible Spending Accounts (FSAs) HSAs are a great way to budget for out-of-pocket healthcare expenses Health Savings Accounts (HSAs) are tax-advantaged savings and investment accounts available for those with high-deductible health care plans. Some of the main features …
Market Insights
By Eric Wymore CRPS© ESG Investing: What does it mean and is it important. The flavor of the month or the future of investing? First let’s start with a high level overview of what ESG investing means. ESG stands for Environmental, Social, and Governance. The Environmental portion takes into account climate change and risks, natural resource scarcity, pollution and deforestation. …
Quarter in Review
By Jeb Graham CFP® The first quarter of 2019 has come to a close. Following the fourth quarter of 2018, the market was due to bounce back from a rough quarter, and it did exactly that. The major market indexes are all up for year so far and have come close to returning to all time highs. While this is …