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Year End Financial Checklist

As the leaves start to change we start thinking about year-end deadlines.  Here’s a quick checklist – not all-inclusive, but hopefully helpful:

Does the 4% Rule Apply to Early Retirement?

If the 4% withdrawal rule was created with a 65 year old in mind, what happens when you want to retire earlier?  How much would an early retiree have to reduce their withdrawal rate to accommodate a longer retirement?  Research has been done that suggests that you don’t have to reduce the 4% withdrawal rate too dramatically, even for very young retirees.

Kids and Money: Early Experience is Priceless

It’s good for young kids to have exposure to money, learning the  consequences that come with different financial decisions while the pain is relatively mild. 

Navigating Health Insurance in 2018 for Small Business Owners

Medical insurance continues to be challenging for small business owners; carriers are leaving the individual market in many states, forcing some of our clients to look at group insurance as an option.  While there are tax credits available for offices who qualify to help defray the cost, it is an additional staff cost and can be a compliance headache unless you have a knowledgeable agent.&

Equifax Security Breach

The recent Equifax security breach compromised names, Social Security numbers, birth dates, addresses, credit card numbers and driver’s license numbers. Our annual, gentle reminders to keep a watchful eye on credit reports have turned urgent. 

In Case of Emergency

The hurricane has me thinking about how to be prepared for emergencies.  I imagine families trying to contact each other, computers and file cabinets under water,  and businesses unable to function.  If you are somewhere that was not impacted by the hurricane, use it as a motivator to be prepared should a disaster hit closer to home. 

Budgeting for Wear and Tear

A client reminded me of some good budgeting advice this morning; I thought I’d pass his comments along.

A 4% Withdrawal Rate in This Market

A convenient truth of a 4% withdrawal rate in this market is that dividends and bond income will come pretty close to covering it. However, once you start withdrawing more than the income the portfolio can predictably produce,  you are relying on growth to fund your spending.

Conservation Easements as a Tax Shelter

The IRS ruled in January 2017 that they had classified syndicated conservation easement investments as “listed transactions” with commentary that the IRS believes these investments carry a strong potential for “abusive tax avoidance”.

The Retirement Spending Smile

When people speculate about what spending will look like in retirement, they usually come up with some version of the go-go,  slow-go and no-go phases.  They assume spending will stay the same or increase for several years while catching up on the fun missed while working (go-go), that they’ll slow down after that (slow-go), and at some point will reach “no-go”, wher

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