How to Plan For College and Keep Expenses Down in the Age of the Student Debt Crisis
For most students, experts say it remains financially worth it to go to college, despite rising tuition and opportunity costs in relation to increasing wages for workers holding only a high school diploma. The average rate of return (net gain or loss on college investment across a career) is 14%.
In the SECURE Act Era, You’ll Need a New Retirement Strategy. Roth Conversions Could Be It.
But when the SECURE Act goes into effect – expected on Jan. 1, 2020 – beneficiaries will have to fully distribute taxable accounts within 10 years of the account holder’s death. That could push your loved ones into a higher tax bracket.
True Wealth
Published by Robert W. Huntley, CFP®, CHFC®, CKA® Founder & Wealth Advisor One woman has millions in the bank and lives a life of poverty. Another woman has little in the bank yet lives a life of true wealth. I like this quote by Ernest Hemingway: “It takes 2 years to learn to speak an …
Yes, Social Security Income Is Taxable – But Yours Doesn’t Have To Be
As you move toward retirement, you can’t be content just to accumulate assets. You need to develop a retirement income plan that can help guide you when it comes time to turn savings into sustainable retirement income.
Avoiding The “Big Mistake”
Published by Robert W. Huntley, CFP®, CHFC®, CKA® Founder & Wealth Advisor In the summer of 2000, someone I knew for about 5 years calls me with a question. He wanted to know if he should sell his Enron bonds or keep them. Enron at the time was in the early stages of corporate death. U …
The Importance of Credit
Published by Annah Tucker, Director of Operations We have all been taught that you need credit in order to obtain goods or services, based on the trust that payment will be made in the future. However, I do not believe we have all been taught the skills to create good credit, and the spectr …
What Is the Yield Curve and What Does It Tell Us?
If you’ve paid attention to market prognostications over the last year, you’ve likely heard the term “yield curve.” The yield curve has become the center of attention for explaining the economy and markets, which is why our financial advisors always seem to be answering one question: What i …
Compounding Wealth (and Wisdom)
No single strategy works forever, but you also don’t want to change your approach every time the markets shift slightly. How does investing work – not just for a season or a year or two, but for a lifetime? Time is a major factor when it comes to successful investing.
Inflation and the Illusion of Safety
This chart brings back some memories. In 1971 I was a pre-teen growing up in Houston, Texas. Source I remember my parents buying a brand-new Toyota Corolla and paying in the $3,500 range. What does a Toyota Corolla cost today? Really makes things real for me when I think it through like tha …
When Work Becomes Optional
Published by Robert W. Huntley, CFP®, CHFC®, CKA® Founder & Wealth Advisor WHAT WILL YOU DO WHEN WORK BECOMES OPTIONAL? For most people, there is never enough money. Either that is factually true, meaning the numbers just don’t add up yet, or, it’s emotionally true, they will never fee …
Is a SIMPLE IRA a Good Option For You On Your Consulting Income?
Published by Robert W. Huntley, CFP®, CHFC®, CKA® Founder & Wealth Advisor Many people retire in their mid-50s to mid-60s but continue working on the side as contractors. The side gig is a way to earn some extra spending money and stay engaged mentally and socially. In this situation, y …
