Will Inflation Ruin Your Retirement?
Over the decades of your working and investing career as a CPA, your portfolio has likely begun to experience exponential, compounding growth. It took a while to earn that first $100,000 and then your first $500,000, but as the decades pass, your portfolio will probably begin to grow faster and faster. However, there’s one minor […]
Evaluating Income Sources In Retirement
As a CPA, you’ve spent your career helping clients navigate complex financial situations and plan for their futures. But when it comes to your own retirement, are you accurately anticipating your income sources? Many Americans, and even CPAs, have serious misconceptions about their retirement income – frequently through no fault or intention of their own. […]
Tax Mistakes to Avoid in Retirement
CPAs are often experts in the finer points of tax law – however, when it comes to retirement planning, there is sometimes a gap in how a tax plan should integrate a lifelong investment plan. All those years of diligent saving can be quickly undone not by choosing the wrong assets but rather by not […]
Are You Retirement Ready in 2024?
It’s 2024, and the world is changing fast – perhaps a bit too fast. Wouldn’t it be nice to finally get away from the hustle and bustle of running your firm or working your way up the career ladder and finally settling into that long-awaited – and well-deserved – rest? Unfortunately, even after years of […]
The Sequence of Returns Risk
As you approach retirement, you have a difficult decision to make – reallocate your assets to align with a more risk-averse profile for stability or to keep your funds invested in high-growth assets such as stocks. Each decision has its own issues. By purchasing more bonds, you’re reducing the potential negative impact on your portfolio […]
Succession Planning for CPAs
Eventually, you’ll come to the day when it’s time to hang up your accounting hat and settle into retirement bliss. And while you’ve probably helped many clients develop tax-efficient succession strategies, have you ever considered your own, especially regarding your retirement goals? This article lays out some of your options as the owner of an […]
A Small Business Owner’s Guide to a Tax-Efficient Retirement
As a small business owner and CPA, you understand the importance of saving for retirement. Having a sizeable nest egg can make a significant difference in your retirement lifestyle, allowing you to live the retirement you’ve always dreamed of. However, simply sticking to a budget, investing as much as possible, and withdrawing from your savings […]
The Intersection of Investments and Insurance
Retirement planning often feels like sailing between two essential points—growth and security. While investments offer the promise of compounded growth over time, insurance provides the peace of mind that comes with asset protection. But where is the line between overexposure and overprotection? Every dollar that isn’t invested is a dollar missing out on compound growth, […]
When (And When Not) to Consolidate Retirement Accounts
According to the U.S. Census Bureau, about 35% of working-age individuals have a 401(K), 403(B) or 503(B) retirement account. These are significant numbers, showing many Americans are taking proactive steps to achieve a successful retirement. However, Americans also change jobs about every five years. What this means is that many Americans often face the decision […]
The Benefits of IUL Insurance
As CPAs, you understand better than most the fluctuating threats to financial security, particularly as we age. Variables such as inflation, market unpredictability, escalating healthcare expenses, and uncertain future tax scenarios are challenging to account for. That’s where an Indexed Universal Life (IUL) insurance policy comes into play. Specifically designed to reduce risks and offer […]
