Ask an Advisor: I am 62, single, retired, and not taking Social Security yet. I have about $800K ($300K Roth, $220K Inherited IRA, $73K in SEP, $200K Cash). With no other income and expenses of $2K month, what funds should I use for living? Good question, it’s always a bit nuanced from year-to-year based on […]

Ask an Advisor: What Tax Deductions and Credits Are Available? Tax deductions and credits can significantly reduce your tax liability, helping you keep more of your hard-earned money. While both serve to lower your tax burden, they function differently: tax deductions can reduce the amount of your taxable income, whereas tax credits directly reduce the […]

Ask an Advisor: I just started working at Microsoft. How can I maximize my benefits to grow my wealth? Microsoft is known for offering impressive employee benefits, particularly in its compensation and retirement planning packages. With Microsoft benefits, you can access valuable financial tools such as Restricted Stock Units (RSUs), an Employee Stock Purchase Plan […]

Ask an Advisor: I’m about 1-4 years away from retirement, with over $2 million in savings and investments. I’m a Senior Operations Director in the pharmaceutical industry, and I feel somewhat confident in my long-term plan. However, I’d like an advisor’s perspective to ensure I’m fully prepared. What steps can I take to improve my […]

How can a single individual at 65 maximize their retirement income and minimize tax liabilities? In this week’s “money question” insight, we will discuss actionable strategies to maximize income and minimize taxes.  Turning 65 often means embracing retirement. You’ve worked hard, saved diligently, and now it’s time to enjoy the fruits of your labor. But […]

Ask an Advisor: What’s the best strategy for drawing down my retirement savings at the age of 72? How to Strategically Draw Down Retirement Savings at Age 72 As you enter the next phase of retirement, managing withdrawals from your savings becomes crucial, especially as Required Minimum Distributions (RMDs) start to apply. Many retirees have […]

Ask an Advisor: Is it advisable for a 32-year-old couple to explore real estate investments as part of their long-term financial plan? Real estate has always been a popular way to build wealth, and for a couple in their early 30s, it could be a smart addition to their long-term financial plans. But like any […]

Ask an Advisor: I’m 78 and recently widowed. How can I adjust my financial plan to navigate this new phase of life? Losing a spouse is one of the most challenging experiences one can face. The emotional toll is immense, and the financial implications can feel overwhelming, especially when you’re already navigating the complexities of […]

Ask an Advisor: I just received a substantial six-figure inheritance. What should I do with the windfall? Questions about whether to invest or spend a windfall and how to invest or where to spend it, all lead back to the same answer: if you have a solid financial plan, one that reflects your goals and […]