What Is An Estate Plan And Why Do I Need One?
When you think of the most precious memories and treasured items of your loved ones, what comes to mind? Whether it was quality time spent with family members, the family farm, or a pocket watch of your great-great grandfather, passing along your most valuable items matters. Even if it might not feel like a top […]
5 Risk Management Solutions You Need to Know About
You might be familiar with the concept of risk and how it works, but do you know how to apply strategies for managing it? Risk is an inescapable part of investing, and if you have the knowledge, you can take action to minimize its impact. This ability to minimize risk can result in significant and […]
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 […]
Getting Ready to Retire – How a Financial Advisor Can Help
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
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 […]
How to Choose a Financial Advisor
A financial advisor is a catch-all term used to describe a variety of professionals. Financial advisors can serve individual clients across the spectrum of wealth, businesses of all sizes, and even institutions and government bodies. There are literally dozens upon dozens of different types of advisors, each with their own specialties, skills, and expertise. If […]
Three Steps to Execute a Backdoor Roth IRA
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 […]
Roth IRA Rollover Methods
The Roth IRA is one of the most useful retirement vehicles available, but many retirement savers don’t start with one as their first account. A traditional IRA or 401(k) are the primary retirement vehicles for many Americans, providing tax-deferred savings on contributions. If you contribute to your IRA or 401(k), you can write off the […]
Tax Planning for the Four Stages of Retirement
While many people tend to think of retirementas binary—either they are retired or they are not retired—retirement, in general, is usually better understood as something that occurs in distinct phases. Each of these phases presents unique financial challenges and opportunities that will need to be addressed throughout the process of retirement planning and tax planning. […]
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 […]
