by Jonathan G. Cameron, CFP®
Although there are many similarities these are two very different kinds of insurance. Disability insurance coverage protects wages lost due to an illness or accident. In contrast, long term care insurance is designed to help cover costs of health care services....
By Jonathan G. Cameron, CFP®
What is a Roth IRA?
One of the most popular ways to save for retirement is in a Roth Individual Retirement Account, or a Roth IRA. Roth IRAs first came out in 1997 after being championed by former Senator William V. Roth of Delaware. Tax-wise, a Roth IRA is...
by Jonathan G. Cameron, CFP®
A Roth conversion means taking your Traditional IRA, or some portion of it, and turning it into a Roth IRA. Whatever dollars are converted become taxable to you right then and there.
Who should consider a Roth conversion?
In a previous post...
by Glenn J. Downing, MBA, CFP®
In this post I’m tackling a tax topic: The difference between ordinary income taxation and capital gains taxation. What’s the difference and why is it important to know? One word: taxes.
The IRS taxes your income, as you know, but it also taxes...
by Glenn Downing, MBA, CFP®
In a previous entry I discussed the difference in taxation of capital gains property vs. ordinary income property. That piece discussed what happens on your form 1040. This piece looks ahead to your eventual mortality. What happens when you...
By Glenn J. Downing, MBA, CFP®
With this blog post I’d like to share some thoughts about investment risk tolerance.
Generally, we think about risk as a bad thing – something we want to avoid. “I won’t drive faster and risk a speeding ticket”, and, “No,...
By Glenn J. Downing, MBA, CFP®
Channeling David Letterman and all those Top Ten lists. I thought it might be fun to compile one of my own. To wit:
The Top Five Mistakes People Make With Their Money
This is a list compiled after about 25 years of experience.
Mistake #5
You eat out way...
By Glenn J. Downing, MBA, CFP®
Picture the scene: My wife has a group of friends visiting. I come home from work, greet everyone, and have a glass of wine to be sociable. At some point I announce that I’ll retire to my study for the evening. What does that verb mean – to retire?...
By Glenn J. Downing, MBA, CFP®
We usually understand the time value of money in two contexts: the growth rate of an investment, and the inflation rate. Nonetheless, the TVM is a topic that should be understood by everyone serious about financial planning.
Sketch Out a Timeline
To...
By Glenn J. Downing, MBA, CFP®
In this blog post I want to go just a little bit beyond the basics of traditional IRAs and how they work.
What are Traditional IRAs?
An IRA is an individual retirement account by definition, with the emphasis on individual. One IRA means one owner, so...
By Jonathan G. Cameron, CFP®
Most people are familiar with the 401k, but what’s a 403b? Basically a 403b is a retirement plan that is sponsored by a 501c3 organization, meaning a not-for-profit employer. A local school board or hospital are good examples. The employee invests in mutual...
By Glenn J. Downing, MBA, CFP®
I’ve been pondering this.
This Page is Intentionally Left Blank
It sort of hit me one day after having noticed This Page is Intentionally Left Blank in clients’ brokerage account statements.
Seems to me that if there’s printing on the page, it...
