Sunwook Jin, CFP®, CRPC®, CMFC®, EA In one of life's great ironies, the ultimate goal while working is to not work someday. Every day when we "clock in," we can picture what our life would be like if we didn't have to work. Think about your ideal retirement. What does your daily routine look like? … Continue reading What Happens When You Run Out of Money in Retirement?
Sunwook Jin, CFP®, CRPC®, CMFC®, EA The Internal Revenue Service (IRS) announced new contribution limits for 2022. While some limits stayed the same there were some changes to note. We’ll go over some here but be sure to keep an eye out for our yearly Tax-at-a-Glance handout that is always handy to have. Let’s start … Continue reading 2022 Contribution Limits Announced
Sunwook Jin, CFP®, CRPC®, CMFC®, EA When we meet with our clients, one of the first questions we ask them is, “What does retirement look like for you?” I’m surprised by the number of people that don’t have a precise answer. Once we dive deeper, the answer becomes much more specific to them. It’s not … Continue reading Retirement on the Brain? Consider These 5 Tips
Bill Gordon, AIF® A funny thing happened in the investment markets the other day. September was living up to its reputation as a volatile month, but then the Federal Reserve came to the rescue. The Fed concluded its Federal Open Market Committee meeting on Wednesday, September 22. It announced that it might start tapering its … Continue reading Fed Tries to Save September
Sunwook Jin, CFP®, CRPC®, CMFC®, EA What financial, business, or life priorities do you need to address for the upcoming year? Now is an excellent time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund to managing your taxes. Full disclosure, you can take … Continue reading Annual Financial To-Do List
Bill Gordon, AIF® Healthcare can be one of the priciest yet essential parts of life’s journey. And yet, many struggles to utilize the financial tools that may help. Take Health Saving Accounts (HSAs), for example. In 2019, 55% of those with HSAs that did not record a distribution also did not receive either employee or … Continue reading The Underutilized Benefits of a Health Savings Account
Sunwook Jin, CFP®, CRPC®, CMFC®, EA When I say Individual Retirement Account, I imagine your first thought is retirement savings, right? I mean, after all the word “retirement” is the middle word. You wouldn’t be wrong, most of the time IRAs or Roth IRAs are used with the intent of saving money for retirement. Especially … Continue reading Could Custodial IRAs Help Young Adults Buy Homes?
Sunwook Jin, CFP®, CRPC®, CMFC®, EA Your workplace retirement account can play a critical role in your overall retirement strategy, especially with the dwindling of pensions offered by companies. Some people have excelled at putting money into their retirement plan at work and have found themselves at a commonly heard milestone. CNBC reported on findings … Continue reading 401k Millionaires
Bill Gordon, AIF® Over the last year, many have seen their lives impacted by the COVID-19 pandemic. The ways in which we work, live, and communicate have drastically changed, to say the least. It’s difficult to predict what other aspects of life may alter before we’re through this period of history. Still, data has emerged … Continue reading Distracted America
Sunwook Jin, CFP®, CRPC®, CMFC®, EA Are you having a tough time keeping track of inflation's mixed signals? You’re not alone. Inflation has been a constant talking point this year and it can make us uncomfortable. As written by a colleague, inflation can be a scary word. Consumer prices in July climbed at their fastest … Continue reading Mixed Signals on Inflation