What Is A 72t Distribution? This episode discusses a little-known option for retirement accounts: a 72(t) distribution. These are also called substantially equal periodic payments (SEPP). While distributions from pre-tax retirements will be taxable, these...
The Why Behind Data Gathering Data Gathering is an essential part of financial planning. We believe data gathering is the starting point for financial planning. "Winging it" is not productive. A firm grasp of your numbers is essential, prior to retirement....
Should My Financial Advisor Talk to My CPA? Should my financial advisor talk to my CPA? For the best outcomes, we feel the answer is yes. When your accountant, advisor, and attorney don't talk to each other, problems can develop. And you're usually the one who pays,...
What Happens When Your Advisor Retires? What happens when your advisor retires? It's a question almost nobody asks (usually) until it's happening. About a third of all U.S. financial advisors plan to retire within the next decade. More than a quarter aren't even sure...
The Dow Jones 1976 vs. Today: What Survived? The Dow Jones 1976 - on July 4, 1976, the 30 companies making up the Dow Jones Industrial Average were considered the biggest, most permanent-seeming names across the fruited plain. Fifty years later, twenty-nine of them...
A Roth 401k Tax Surprise? What we mean when we say "Roth 401k tax surprise," is that contributing to a Roth 401(k) at work COULD create unexpected taxable income, through the employer match. While employee making Roth 401k contributions knows their contributions are...
What Is A Sinking Fund? The sinking fund: the simple way to plan for expenses you know are coming. In this video, we cover what is a sinking fund. And how is it different from an emergency fund? We give examples of sinking funds such as budgeting for office items,...
It's Not Luck. It's Planning. "It's not luck, it's planning" has been the line this firm has run on for 24 years. Tom came up with it back in 2002 — and he's spent every year since watching it prove true. From the outside, a lot of financial outcomes look like luck. -...
Should You Be Managing Your Own Money in Retirement? DIY: managing your own money in retirement works until it doesn't. Here's why that's usually worth a second look. Takeaways: - As retirement nears, the money decisions pile up fast — and many are ones you've never...
Does New Jersey Tax a Qualified Charitable Distribution? A qualified charitable distribution can provide valuable federal tax benefits. But the state tax treatment of a qualified charitable distribution is not always the same. In this (Part II), we explain why a...
