The Thrift Savings Plan (TSP) is a retirement savings plan for federal employees. The purpose of the TSP is to provide federal workers with a platform for long-term retirement savings where you can make regular monthly payroll contributions. In many…
I talk to physicians every day and know that retirement is a sensitive subject. For many physicians retiring is an extremely personal decision. And it is not an easy choice to make. You must take into account a wide range…
What is Tail Risk? Tail Risk is the possibility of suffering large investment losses due to sudden and unforeseen events. The name tail risk comes from the shape of the bell curve. Under normal circumstances, your most likely investment returns…
Roth conversion of your tax-deferred retirement savings can be a brilliant move. Learn the must-know rules and tax implications of Roth Conversion before you decide if it is right for you. What is a Roth Conversion? Roth Conversion is the…
TSP contribution limits for 2020 is 19,500 per person. Additionally, all federal employees over the age of 50 can contribute a catch-up of $6,500 per year. What is TSP? Thrift Saving Plan is a Federal retirement plan where both federal…
The IRA contribution limits for 2020 are $6,000 per person with an additional $1,000 catch-up contribution for people who are 50 or older. What is an IRA? IRA or Traditional IRA is a tax-deferred retirement savings account that allows you…
The Roth IRA contribution limits for 2020 are $6,000 per person with an additional $1,000 catch-up contribution for people who are 50 or older. Roth IRA income limits for 2020 Roth IRA contribution limits for 2020 are based on your…
401k contribution limits for 2020 are $19,500 per person. All 401k participants over the age of 50 can add a catch-up contribution of $6,500. What is 401k? 401k plan is a workplace retirement plan where both employees and employers can…
Charitable donations are an excellent way to help your favorite cause, church, foundation, school, or other registered charitable institution of your choice. Americans made $592 billion in charitable donations in 2024, which was 6.3% higher than in 2023. The average…
Digital strategies for small business owners post coronavirus. The coronavirus crisis pushed many small businesses on the verge of existence. The global lockdown forced non-essential small businesses to shut doors and furlough or lay off employees. Even essential businesses saw…
Are you preparing for retirement during the coronavirus crisis? Many professionals who are planning to retire in 2020 and beyond are facing unique challenges and circumstances. Probably your investment portfolio took a hit in February and March. Maybe your job…
Our guide to the coronavirus economic fallout. The world is facing the biggest health crisis in 100 years. The COVID-19 outbreak has infected over 2 million people worldwide and caused hundreds of thousands of lost lives. The unprecedented global lockdown…
Here is how to navigate the market turmoil after the Coronavirus outbreak, the stock market crash, and bottom low bond yields. The longest bull market in history is officially over. Today the Dow Jones recorded its biggest daily loss since…
Dividend growth ETFs offer a convenient and diversified way to invest in companies that consistently grow their dividends. Certainly, dividend-paying stocks provide a predictable stream of cash flows to investors looking for extra income. Companies that steadily grow their dividends year…
The Coronavirus and your money. After an unprecedented 10% rally, which started in October of 2019, the stock market is finally hitting a rough patch. The quick spread of the coronavirus in China and around the world made investors nervous…
15 Costly retirement mistakes… Retirement is a major milestone for many Americans. Retiring marks the end of your working life and the beginning of a new chapter. As a financial advisor, I help my clients avoid mistakes and retire with…
Everything you need to know about surviving the next market downturn: we are in the longest bull market in US history. After more than a decade of record-high stock returns, many investors are wondering if there is another market downturn…
Early retirement for physicians….As someone married to a physician and surrounded by many friends in the medical field, I know that early retirement is on the minds of many physicians. If you are reading this article, you have probably put…
As we approach the close of 2019, we share our list of 12 end of year tax saving tips. Now is a great time to review your finances. You can make several smart and simple tax moves that can help…
Highlights: Economic Overview Equities US Equities had a volatile summer. Most indices are trading close to or below early July levels and only helped by dividends to reach a positive quarterly return. On July 27, 2019, S&P 500 closed at…
