Today I’m going to explain exactly what per stirpes is. In fact, this funny Latin word recently saved our client from sending over $500,000 to the wrong beneficiary. And she didn’t even need to hire an attorney to fix it! If you want to make sure your money is inherited by the right people, you’ll…
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Here’s a step-by-step guide on how to use Broadcom’s 401(k) plan and other employee benefits to save for your retirement. As an employee for Broadcom, you can take advantage of several fantastic options for retirement savings. Broadcom’s 401(K): Traditional 401(k) vs Roth 401(k) Broadcom recently made changes to their 401(k). You now have a few…
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Today we are breaking down credit scores, credit freezes, and how to keep your personal information secure. By the time you’re done reading this post, you should have a general idea of: how your credit score is determined, why your credit score is so important, how to improve your credit score over time, and how…
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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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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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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 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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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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