6 Options for a Life Policy I No Longer Need financial planning for attorneys financial planning for retirement May 18, 2020

By Glenn J. Downing, MBA, CFP®

A lot of thought goes into planning for the retirement years.  Typically, people like to have the mortgages on their primary residences paid off, to go into retirement clean and with no debt.  This often begs the question; Do I have to keep paying on...

Continue Reading...
Long Term Care Insurance Coverage financial planning for attorneys financial planning for entrepreneurs financial planning for retirement May 17, 2020

By Glenn J. Downing, MBA, CFP®

This is a big topic and a big part of financial planning for retirement.  The statistic is that by age 75, 75% of us will have needed some long-term care.  So the question is, how can I prepare for this risk financially? 

A principle of risk...

Continue Reading...
Health Savings Accounts financial planning for attorneys financial planning for entrepreneurs financial planning for retirement May 11, 2020

By Glenn J. Downing, MBA, CFP®

What is the best tax bargain out there? 

Is it the 529 college savings plan?  Let’s see.  That is funding with after tax dollars, but the funds grow without taxation and come out without taxation when used for qualified higher education...

Continue Reading...
Annuities Part II:  The Distribution Phase financial planning for attorneys financial planning for entrepreneurs financial planning for retirement May 08, 2020

by Glenn J. Downing, MBA, CFP®

As I noted in Part I, an annuity is a complex financial animal.  It can be used as a tool to accumulate funds on a tax-advantaged basis.  It can also be used efficiently to distribute funds in later years, which is my focus here in Part II. ...

Continue Reading...
Annuities Part I:  The Accumulation Phase financial planning for attorneys financial planning for entrepreneurs financial planning for retirement May 08, 2020

Glenn J. Downing, MBA, CFP®

An annuity is a complex financial animal.  It can be used as a tool to accumulate funds on a tax-advantaged basis.  It can also be used efficiently to distribute funds in later years.  Here in Part I I’m focusing on the accumulation phase....

Continue Reading...
Need Some Fast Cash? Part II: Look at a 401(K) Withdrawal.  financial planning for attorneys financial planning for entrepreneurs May 06, 2020

By Glenn J. Downing, MBA, CFP®

Q:  I’m in financial trouble.  Should I take out a 401k withdrawal?

This is a tough question, and the answer is generally, Not unless you truly need it.  A direct withdrawal from a 401(K) before age 59 ½ is a last-resort option, with...

Continue Reading...
Need Some Fast Cash? Part I: Look at a 401(K) Loan.  financial planning for attorneys financial planning for entrepreneurs May 05, 2020

By Glenn J. Downing, MBA, CFP®

Q:  I have a lot of high interest credit card debt.  Should I take out a 401k loan?

This is a question we come across not uncommonly.  There is a lot to like about doing this, but a big potential tax trap as well. 

I want to distinguish...

Continue Reading...
 
SIMPLE IRA financial planning for attorneys financial planning for entrepreneurs financial planning for young professionals May 04, 2020

By Glenn J. Downing, MBA, CFP®

The SIMPLE IRA is the Savings Incentive Match Plan for Employees. The SIMPLE allows for both employer contributions and employee deferrals. The plan is deal for employers who want to contribute something – but not a lot – to employee retirement...

Continue Reading...
The Top 4 Financial Priorities for Young Professionals financial planning for entrepreneurs financial planning for young professionals May 03, 2020

by Jonathan G. Cameron, CFP®

Young professionals are expected to accomplish a lot early in life. You’re beginning to make real money. Time to get sound financial advice to establish a good foundation from someone you trust. The problem is most financial advisors focus primarily on...

Continue Reading...
7 Financial Life Hacks While Living in Miami financial planning for entrepreneurs financial planning for young professionals May 03, 2020

by Jonathan G. Cameron, CFP®

1. Create a budget.

If this sounds too obvious, I’ll say it again for reinforcement – are you maintaining a budget? Seriously. Miami is one of the flashiest cities in the world. If you don’t have a budget I’ll put it another way...

Continue Reading...
Homestead Exemption for First Time Home Buyers financial planning for entrepreneurs financial planning for young professionals May 01, 2020

by Jonathan G. Cameron, CFP®

Congratulations! You've read Your First Home Purchase Part I and Part II and taken the advice to heart.  Now you’re a first-time home owner in Miami, FL and you’re settling into your new place. The first year of home ownership brings many...

Continue Reading...
Using an IRA for a First Home Purchase financial planning for entrepreneurs financial planning for young professionals Apr 30, 2020

by Jonathan G. Cameron, CFP®

A first home purchase is a big financial commitment. Not only are you taking on a mortgage, but you often need to deplete cash reserves to come up with the down payment. But what if you don’t have enough socked away for a down payment? or what if you...

Continue Reading...
1 2 3 4 5 6 7 8 9 10 11