New Blended Retirement System for Military
The Office of Financial Readiness now offers a new military retirement system that blends a defined benefit annuity with a defined contribution plan. Read all about it in this week’s Financial Tip.
Your Home as a Source of Dollars in Retirement
The equity in your home could be one of your largest assets, especially if your mortgage has been paid down over the years or paid off. We explain in this week’s Financial Tip.
Retirement Planning and Inflation
In retirement, your paychecks stop, but inflation can keep rising; therefore, your portfolio needs to maintain at least some growth potential. We explain in this week’s Financial Tip.
Question of the Week: What Does Compound Interest Have To Do With My 401(k)?
Henssler Associate Peter Lynch, explains the power of compounding interest on your retirement and overall finances.
Recharacterization is Off the Table
This week on “Money Talks,” Bil Lako, CFP®, Troy Harmon, CFA, CVA, and Jarrett McKenzie, CFP®, CWS®, discuss a provision in the tax law that eliminates recharacterization of IRA conversions. Jarrett explains how this can affect the financial planning strategy.
MAGI and the Gift of an Income-Related Monthly Adjustment
Troy Harmon, CFA, CVA, is joined by Principal Jennifer J. Thomas, CFP®, and Managing Associate K.C. Smith, CFP®, who take a look at a couple who received a recommendation to reduce their modified adjusted gross income to avoid paying more for Medicare.
It’s Time for Baby Boomer RMDs!
Baby boomers are turning 70½ at a fast clip—about 10,000 per day! If you’re a baby boomer, it’s time to take required minimum distributions seriously because penalties are steep!
Retirement: Proceed With Caution Before Relying on General Rules
There are so many “retirement rules of thumb” to help you save. However, the retirement YOU want may be quite different from the average. Consider your situation before taking generic advice. Read all about it in this week’s Financial Tip.
Converted Your Traditional IRA to a Roth IRA? Worried You May Have Done it too Soon if Tax Reform Passes?
You can convert your traditional IRA to a Roth IRA this year, and if tax laws change in your favor, you can recharacterize the conversion for 2017 and then re-convert for 2018. We explain in this week’s Tax Tip.
Is the Social Security Administration still mailing Social Security Statements?
The Social Security Administration has stopped mailing Social Security Statements to individuals under age 60, but you can get your statement online. Learn more in this week’s Financial Tip.