From independence and flexibility to the fulfillment that stems from doing what you love, entrepreneurship has many rewards. However, working for yourself also means you're forfeiting the reliable salary and company-sponsored 401(k) that help make planning for retirement a little simpler. Get ready...

Estate Taxes vs. Inheritance Taxes

by Chris Maurer on

Preparing for the future requires more than just creating a will. It also involves careful estate planning to ensure the ones you love receive assets after your death. Your estate and the gifts bequeathed to family and friends will be subject to federal and state taxation at this time, and it’s...

The Dangers of Avoiding Retirement Planning

by Park Place Financial on

Planning for retirement at or a few years prior to your desired retirement date is not prudent retirement planning advice, though it is how a majority of the working population operates. Considering how to plan for your retirement may feel more like a spring cleaning task than a doctor’s appointment...

What Is a Retirement Buyout?

by Chris Maurer on

The idea of early retirement is exciting for some and hard to imagine for others. Some companies, however, offer retirement buyouts for longer-tenured employees as they move closer to the standard retirement age. If you’ve been offered an early retirement buyout package, you likely have questions...

As you approach retirement, dreams about new hobbies, travel, and seeing family more often are common. Yet planning for how you’ll maintain your lifestyle, pay for healthcare, and protect your financial wellbeing is just as important. Creating an exit strategy that accounts for all the financial...

Social Security Planning

by Chris Maurer on
Though the “best” time to turn on Social Security depends on unique circumstances, many are familiar with different rules of thumb such as “Always wait until full retirement age to claim retirement benefits, or you’re leaving money on the table!” and “always take retirement benefits as soon as you’re eligible, or you’re leaving money on the table!” 

Long-Term Care Insurance – How Does it Work?

by Chris Maurer on

Insurance plays an important role in our financial wellbeing, from protecting our home to providing essential medical care. Yet insurance for the care we require later in life is often overlooked. Long-term care insurance helps bridge this gap. Beyond ensuring you receive the highest standard of...

 

Today we can do almost anything online. From hiring a contractor to buying a car, it’s easier than ever to skip traditional appointments and processes by taking matters into our own hands. While this approach is convenient in many situations, it’s never wise when preparing wills, trusts, powers...

Along with big life changes, adjustments to the tax code can affect the best-laid financial plans. Making timely adjustments to your tax strategies under the guidance of your financial planner can help ensure you're maximizing returns and minimizing the tax liabilities that will cost you more in the...