Do I Need A Financial Planner To Help Me Retire?

Happy old couple clients make financial deal handshake meeting lawyer

So you want to retire, but do you have a financial plan in place? If not, why not? Creating a retirement strategy is essential for all individuals approaching their golden years. It ensures that you are able to enjoy the last phase of your life and live it according to your needs and desires.  However, […]

What to Invest in During Inflation: 6 Strategies for Investors

Is there such a thing as inflation-proof investing? You can’t hide from inflation completely; however, you can plan for and protect yourself against it. As a financial advisor in Bountiful, UT, we will share what we think are some good investment ideas during inflation in this article.   Let’s focus on the silver lining of […]

Why is Inflation Rising? Now Compared to 40 Years Ago

inflation calculation and analysis

High inflation hits everyone actively participating in the economy, although its effects aren’t distributed evenly across the United States. To understand inflation and get a sense of where we’re headed, it can help to compare the recession of the early 1980s to now.  These categories are good places to begin:  Employment rates Cost of living […]

Retiree Tax Document Checklist: What Documents Do I Need to File Taxes?

house with check marks

Filing taxes is a life-long responsibility; not one to fret, but one you can learn to enjoy and make beneficial to your retirement plans. There are numerous reasons that a financial advisor in Bountiful UT should assist. Similar to pre-retirement, your annual tax burden will be calculated based on your income, though there are different […]

A New Year’s Resolution: The Importance of Proactive Tax Planning

Every time you earn, spend, save, and invest your money there are tax implications. Almost every financial decision you ever make will be taxable. Instead of waiting until April 15th to find out how each decision you made in the previous year hits your tax return, you can take a more strategic approach that allows […]

Getting Ready to Retire – How a Financial Advisor Can Help

retirement ahead road sign

If retirement planning seems overwhelming, you’re not alone and you don’t have to be, either. You’re about to take a huge step into the next phase of your life and a retirement planner can help you qualify and prioritize retirement goals. These qualified financial advisors know what important questions to ask and can get to […]

Why You Need a Fiduciary Financial Advisor to Manage Your Retirement

fiduciary advisor for retirement planning

A Do-It-Yourself approach in certain circumstances can be an effective way to save money. Renting a moving truck and doing the lifting yourself is far cheaper than hiring a moving company. Performing your own home maintenance can save thousands of dollars over the years (provided you know your way around a toolbox, of course). But […]

IRA Aggregation Rule and Implications for Your Backdoor Roth Conversion

Tax savings for Roth Conversions

Unlike traditional IRAs or 401(k) accounts, the Roth IRA is funded with after-tax dollars and the investments in the vehicle grow completely tax free. Not only that, but since Roth IRA principal balances have already been taxed, they can be withdrawn tax-free at any time. Roth IRAs have certain limits. You can only contribute $6,000 […]

Mega Backdoor Roth IRA Conversion

Roth IRA conversion for retirement

A Roth IRA is one of the most popular retirement savings vehicles in America and for good reason. Unlike the traditional IRA or 401(k) plan, Roth vehicles are funded with after-tax dollars and investment growth is tax-free. When you put money into a traditional IRA, you’re taking a tax break now and agreeing to pay […]

Three Steps to Execute a Backdoor Roth IRA

3 Steps to backdoor Roth

A Roth IRA is an excellent way for people to save for their retirement and not have to worry about paying additional taxes in the future. However, it is directly accessible to only a handful of savers. Those who earn above the income limit must execute a backdoor Roth IRA in order to enjoy the […]