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.
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”.
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
I received an email from David Harris at Prosperident offering free access to their Embezzlement Risk Assessment Questionnaire for free through the end of August. This is a quick (15 minutes or less) online questionnaire that allows you to analyze if a staff member's behavior is consistent with embezzlement.
Clients who want to retire before they are eligible for Medicare (age 65) are often concerned about how they’ll handle health insurance costs. Dental practice owners are probably used to paying this expense out of pocket already and have a better idea than most how much their coverage will cost, but the reality of paying the premium on their retirement income and realizing that
Clients, around the age of 60, start thinking about whether or not they should continue with their disability insurance. There is a diminishing return on investment when you consider that a disability policy only pays to a certain age, usually 65. While each year’s premium buys fewer years of benefits, it's also at a time when disability might be more likely.
I was recently quoted in a Forbes article titled "Should You Ask Prospective Financial Advisors About Their Finances?" The author asked whether I believed it was reasonable to expect some financial transparency from one’s
Many of our clients use the Mission Financial Planning Dashboard (click here to learn more about the Dashboard) to track spending and have the ability to look at their finances "at a glance", all in one location. To maintain the security of the Dashboard, we recently added 2-Factor Authentication.
There are a few factors that should go into answering the question “which account do I withdraw from?”.
As advisors, we’ll think about several factors:
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.