Year-End Tax Planning Here are some tax planning techniques to consider: Maximize the use of tax-deductible retirement plan contributions. The 401(k) annual contribution limit is now $18,500. If you are age 50 or older, you can contribute another $6,000 for a total of $24,000. Fund Health Savings Account (HSA). For 2018, those in high-deductible health-insurance plans […]
The volatility in the markets this past month, with the S&P 500 briefly entering correction territory (a drop of at least 10%), has brought the second correction in less than a year, with a pullback of more than 10% also having occurred in early 2018. Corrections can cause a lot of anxiety. However, it’s important […]
By prepared we do not mean having enough money to cover expenses if your entire home was to be destroyed by a natural disaster. What we are referring to is having the right documents/records on hand, making sure your insurance information is up to date and you understand your policy coverage, knowing what bills/statements come […]
In light of the volatility of the past week, it is important to maintain perspective and not overreact to short-term market movements. First, it is important to remember that volatility is “the norm” for stock markets. The last 2-years, which have witnessed almost no volatility, have very much been an exception. This graph showing Intra-Year Declines is […]
Here is a quick question to consider: which retiree would you rather be? Assume that both accounts hold identical investments and that each retiree spends the same amount each year. Retiree A has a $5 million account to fund retirement Retiree B has a $4 million account to fund retirement We suspect that most people […]