Where to Save Money First

Where to Save Money First

Congratulations! You’ve successfully set aside some savings and you want to invest it. But, with so many ways to invest – each with different tax benefits, limitations, and timelines – you’re overwhelmed. You’ve heard of some options, like: You can put up to $19,000 into a 401(k) for 2019, and another $6,000 into an IRA. (Individuals…
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Step-by-Step How to Lower Taxes in Retirement

Step-by-Step How to Lower Taxes in Retirement

Recently, a new client visited our office. He had a good problem to have; he had saved too much money! With most of his money in a traditional IRA account, he was worried about the taxes. He came to us wanting to know how to lower taxes in retirement. Fortunately, there are many ways to lighten taxes in…
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What Does Per Stirpes Mean? A Simple Explanation

What Does Per Stirpes Mean? A Simple Explanation

In today’s post I’m going to explain what Per Stirpes is, in plain English. Let’s dive right in. What You Will Learn You are Going to Die With or Without Per StirpesSetting Up Your Beneficiary Designations on Retirement AccountsPrimary vs Contingent BeneficiariesA Simple Per Stirpes DefinitionShould I Use Per Stirpes for My Beneficiary Designations?Choosing Per…
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The 7 Best San Diego Financial Advisors (2019 Update)

The 7 Best San Diego Financial Advisors (2019 Update)

Who are the best San Diego financial advisors? Glad you asked! In today’s post, I want to highlight a few that I have come to respect and admire. “You. Have. Lost. Your. Mind.” -Taylor’s wife First, pocket these free resources: 35 Critical Questions to Ask a Financial Advisor [Download the PDF] The 10 Biggest Mistakes to…
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You Can’t Invest Yourself Out of a Savings Hole

You Can’t Invest Yourself Out of a Savings Hole

Recently, I saw a wonderful post on Twitter. It’s too good not to share: “You can save your way out of an investment mistake. You can’t invest your way out of a savings mistake.” – Tom Conlon — Dan Egan 🤓 (@daniel_egan) May 1, 2018 This is a fantastic point. It’s such a good point…
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Is What I Tell My Financial Advisor Confidential?

Is What I Tell My Financial Advisor Confidential?

We recently helped a client who was in the midst of an exciting time in his life. After many years of hard work, he sold the company he built and went from having a little bit of savings to having life-changing wealth. Wanting to be prudent with this big financial windfall, he came to us…
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Should I Buy Extra Insurance from My Job?

Should I Buy Extra Insurance from My Job?

Should you purchase extra insurance through your job? It’s a question many employed folks must answer as they navigate through any number of employer benefits. While receiving health insurance for free is a no-brainer, there is a trickier question: Does it make sense to buy disability insurance, term life insurance or any other benefit through…
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How to Fix a Big Social Security Mistake

How to Fix a Big Social Security Mistake

If you’re nearing retirement and are worrying about having enough money, there’s a huge mistake you should know about. This big mistake is taking Social Security benefits as soon as possible. Instead of signing up to receive Social Security retirement benefits at age 62, wait until you’re 70 (if you can afford it.) Why should…
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