Retirement Insights
Making sense of taxes, markets, and retirement planning.
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How to Get the Most from Broadcom’s 401(k), ESPP & RSUs
/ January 3rd, 2020
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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Should I Buy Extra Insurance from My Job?
/ August 1st, 2019Should 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
/ July 1st, 2019If 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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Do I Need Disability Insurance If I’m Near Retirement?
/ April 1st, 2019Do you need disability insurance if you’re nearing retirement age? Like most financial planning questions, there is no single answer for every situation. Whether or not you need disability insurance near retirement depends on a few different factors, including: How much money you plan to save over the rest of your working career, The size
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Spend on What You Value
/ February 1st, 2019At the tail end of 2017, I signed up for my first only Brazilian jiu-jitsu tournament. In an effort to be competitive, I set a goal: lose 10 lbs. (This is because you compete by weight class.) Losing 10 lbs meant a strict diet of meat and vegetables. Now, as ridiculous as a strict regimen of
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Donor-Advised Funds: The Best Giving Tool You’ve Never Heard Of
/ November 21st, 2018Donor-advised funds have become increasingly popular given the new tax laws in 2018. They have also become one of our favorite tax savings tips that continues to fly under the radar: Today, we are going to break it all down for you and explain: What a Donor-Advised Fund is (in plain English!) Why you should
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These 3 Things are More Important than a 529 College Savings Plan
/ November 1st, 2018
529 college savings plans are important. But, they are not the most important thing new parents need to be thinking about. Speaking of new parents, it seems like everyone in my life is having kids. This includes: My brother My cousin My cousin-in-law Fellow professionals in the Financial Planning Association Friends from college My wife’s friends from
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Umbrella & Disability Insurance: Critical for Young Professionals
/ July 15th, 2018
Recently, we completed a financial plan for a young professional (we’ll call him Adam). I’m happy to say that Adam was on a good track. He was maxing out his 401(k) each year and held small taxable and Roth IRA accounts as well. Prospects were bright for Adam: at his savings rate, the retirement he
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If you’re is looking for a way to be smarter with your money, you might want to think outside the box. Sure, you should invest heavily for retirement and buy the right insurance products to protect your assets, but you probably already know that. There is another unique strategy to consider. It’s a combination you may
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Dividend Investing Defined (& 5 Reasons To Stay Away)
/ May 15th, 2018If you pay attention to financial pundits and money blogs, you have probably heard at least a handful of “experts” praise dividend investing. Let’s define dividend investing. Simply put, “dividend investing” is investing in companies that make regular cash payments to their investors. Some dividend investors roll this cash back into their investment. This allows
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