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 […]
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 […]
5 Strategies to Manage Your Tax Bracket in Retirement
In retirement, as in your working years, it is critical to manage your tax bracket through careful tax planning in order to maximize your income. But when you’re tapping a finite nest egg in retirement, saving every possible dollar becomes even more important. In 2021, there are seven tax brackets, with the highest rate of […]
Four Hidden Retirement Taxes and How to Avoid Them
As if planning for retirement wasn’t already a tricky venture, a complex tax code can make things even more difficult, which is where a comprehensive retirement tax strategy can come in handy. Unfortunately, it is common for many people to pop the champagne and prepare for retirement only to discover that their nest egg was […]
How to Turn Retirement Savings into Retirement Income
Over the years, we’ve had a number of clients ask us how to turn their retirement savings into retirement income. While this may not answer every question about your particular situation, these are some of the key concepts to guide the conversation. Take Stock of Your Retirement Savings You may be wondering what, precisely, qualifies […]
Retirement Income Planning and the Bucket Strategy
When you get ready to leave the workplace, retirement income planning will help you make the jump from your career to retirement. While working, you’re financially dependent on your paycheck to provide income to pay expenses, go on vacations, and invest for your future. The goal of retirement income planning is to move from financial […]
The 7 Essential Components of a Retirement Income Plan
A retirement income plan is used to help you prepare to retire. Its goal is to give you confidence as you transition from working income to retirement income. Once you’re retired, it can also guide day-to-day and major decisions. Retirement income planning can be much like baking a cake. If you leave out essential ingredients, […]
