How to Pay a Zero Percent Tax Rate


Granted, this is not a strategy that everyone will be able to use. But… if you are one of the few who could take advantage of a completely legal way to pay ZERO in taxes, wouldn’t you want to know about it? So now that I have your attention, what am I talking about? Well, [...]

401k Investment Options Bad? Help may be on the way…


One popular reason investors give for not funding their 401-k plans has been limited investment choices. This excuse is often the reason that all of the great benefits of the 401-k get ignored, such as an up-front tax-deduction, tax-deferred growth, and company matching and profit-sharing features (free money, anyone?). Or, almost as bad, the 401-k does [...]

Should You Wait to Contribute to Your IRA?


Below is a great article from The Wall Street Journal about the benefits of contributing to your IRA at the beginning of the year rather than at the end. This is something we recommend to client’s if they are confident in their financial position and have the liquidity to set aside these assets for retirement as soon [...]

Should You Wait Until 70 to Claim Social Security?


Over the past few years it seems that there has been an absolute consensus in the financial planning community that everyone should wait until age 70 to take social security. There have been a number of articles written on this topic by many very bright individuals using calculations to prove why it is always the [...]

Secrets of the 401k Millionaires


If I had to choose one financial topic for all my late-20s, early-thirties clients, friends and family to learn, it would just be the plain old 401k . Forget the fancy stock tips from your brother-in-law, ignore the expensive whole life your neighbor is trying to sell you, resist the urge to put all your [...]

Watch Out for Tricky IRA Rules

guy with head in hands looking at computer

Recently, a stock broker gave some bad advice that (could have) cost our client thousands of dollars. Let me explain… I’m sure that when Congress designed the relatively simple idea of an Individual Retirement Account (IRA) in 1974, they had no idea how complicated it would become over the next 40 years. Fast forward to [...]

The Importance of Saying No

Credit: Gregg Segal

There’s an interesting article today in ESPN the Magazine about Pittsburg Steeler’s all-star safety Troy Polamalu. Polamalu appears to be  unique in the world of professional athletes, because he may actually be on the road to true financial independence. We all know becoming a a successful athlete is one of the quickest ways to a high [...]

Can You Really Work Until You Drop Dead?


It seems like every few weeks I read another retirement study showing how Americans will not be ready for retirement when the traditional age 65 rolls around. Many people procrastinated or their plans got derailed by the loss of a job, family member, or divorce. Some are so discouraged that they plan to simply “work [...]

Another Way to Maximize Social Security


Deciding when to begin receiving Social Security benefits is a major financial issue for anyone approaching retirement because the age at which you apply for benefits will affect the amount you’ll receive. If you’re married, this decision can be especially complicated because you and your spouse will need to plan together, taking into account the [...]

How to Increase Your Social Security by Over $100k

Having Cake and Eating It Too

Of course, with a title like that, this post is going to generate some interest and probably some healthy skepticism. But before I get accused of stretching the truth, let me just say that we recently discussed this strategy with a couple that, once implemented, is projected to increase their cumulative lifetime draw from Social [...]