Congress recently passed, and President Trump signed, the SECURE Act. Among other things, it pushes back from age 70 1/2 to age 72 the age when someone is required to start taking their minimum distribution from their IRA, 401k, or IRA. It also allows individuals to...
The worst part of being a financial advisor is seeing a client pass away. Last year was especially tough for me, as two long-time clients of mine passed away. It is difficult to talk with beneficiaries, some of whom I meet for the first time after they suffer such a...
Self-employment can be risky, but it can be made less so with good retirement-saving options. I want to give some love to two under-appreciated retirement plans: (1) the Simplified Employee Pension (SEP) and (2) the Solo 401(k)—available to anyone who generates...
In a perfect world, the government would allow students to refinance their public and private student loans into one loan at a low rate while the borrowers continue to receive government loan protections and forgiveness programs. Until then, borrow wisely, and...
This is a hypothetical example and not actual clients and their outcomes. Sean is 26 years old and just started working in an entry-level management position for Nissan. He makes $64,000 a year with Nissan, plus he is self-employed as a wedding photographer, grossing...