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Avocado Toast: Trending Topic in Finance

Avocado toast is the silly yet controversial topic of the month in the world of finance and social media.  It started in Australia with millionaire and real estate mogul Tim Gurner commenting that if millennials gave up avocado toast (representing discretionary spending much like a Starbucks Latte has come to represent here) they could afford to buy houses.

KPIs in the Dental Practice

Dentists:  We have started working with a practice analytic software company to provide an add-on service for those clients who may want help quickly and easily tracking what’s going on in their practice.&nbs

Evaluating your Home Owner's Insurance

A few things to check on your home insurance:

Be sure you have enough coverage to allow you to rebuild in the event of a catastrophic loss. 

The Holidays and Financial Planning

The holidays may seem an unusual time to talk about budgets and financial planning.

When Can I Stop Working?

A common question I hear is “when can I stop working?”  Not that the client necessarily wants to stop working, they just want to know that they can stop.  That

How Dental Practice Owners Begin to Save For Retirement

Sometimes dentists care so much for their patients and sacrifice so much for their employees that they short themselves and their own families.

RMDs: Special Situations

There are some special situations that affect Required Minimum Distributions (RMDs) that you may need to be aware of; having a younger spouse, inheriting an IRA, holding an illiquid asset, having a late-in-the-year birthday and working past 70.5 can all impact the required distributions.  

A spouse who is 10 years younger

Think About RMDs Before You Turn 70.5

We've spent several weeks covering Required Minimum Distributions (RMDs).

What Happens When You Forget to Take an RMD

It is particularly important to make your Required Minimum Distributions (RMDs) on time; failure to take RMDs on time can result in a 50% excise tax on the shortfall.  In all years except the first year, you must make your RMD by December 31st

Using an IRA for Charitable Contributions

IRA owners over age 70.5 can make charitable contributions directly from their IRA; this is called a Qualified Charitable Distribution (QCD)*.  You can make charitable contributions from your IRA, of up to

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