Health savings accounts offer a triple tax benefit
"Another benefit of owning an HSA is that you may keep your HSA open and continue to enjoy tax-free growth and tax-free withdrawals even if you are no longer eligible to make contributions," writes Jeff Witz, CFP.
Consider these factors when weighing retirement feasibility
"When you plan to retire determines how long you must save for and how long investment returns can compound," writes Jeff Witz, CFP.
Factors to consider when weighing timing of receipt of Social Security
"Unfortunately, there is no 'one size fits all' answer to when you should start receiving Social Security benefits," writes Jeff Witz, CFP.
Internal Revenue Service releases list of cost-of-living adjustments for 2023
"The significant changes in these areas may require you to adjust how much you contribute to certain accounts and how you may approach your budget and tax strategies," writes Jeff Witz, CFP.
Top off your emergency fund and max out your IRAs before the year ends
"Giving to charity can be a very powerful tax-savings tool. Check if you have any appreciated investment assets you could donate instead of cash," writes Jeff Witz, CFP.
How does titling real property affect its future transfer?
"The way in which real property is titled will affect how it is transferred during the administration of an estate after death," says Jeff Witz, CFP.
The case for establishing trusts for your children
"Trusts are a powerful estate planning tool designed to safeguard your children in the event of your premature death," writes Jeff Witz, CFP.
How to use life insurance to pay estate taxes
Irrevocable life insurance trusts can be used to pay all or a portion of estate taxes.
Considerations for choosing a financial adviser
Identifying your specific needs is a good starting point.
Urology Times Money Matters: What you must do to survive down markets
Being patient and showing discipline are key behaviors.
What to consider when weighing pre-tax, Roth IRAs
Your projected retirement tax bracket may help guide selection.
Rising interest rates could affect your investments
Diversification is key to mitigate impact of rising rates.
Life insurance is a key piece of the financial puzzle
Which option you select depends on your goals and what you want to cover.
8 steps to create your 2022 financial plan
Having a year-to-year strategy helps you achieve short- and long-term goals.
Money Matters: IRS increases standard deductions for 2022
"The maximum simplified employee pension plan individual retirement account contribution was increased from $58,000 to $61,000, with maximum countable compensation increased to $305,000," writes Jeff Witz, CFP.
Urology Times Money Matters: What is your student loan repayment strategy?
Loan repayment assistance programs and refinancing are options.
Financial tasks you should complete by the end of the year
Be sure to replenish your emergency fund if necessary.
Urology Times Money Matters: How does increased inflation affect the economy?
Inflation within healthy ranges can be advantageous for consumers.
Urology Times Money Matters: Estate Planning mistakes to avoid
A list of potential estate planning mistakes you can help avoid with professional guidance.
Urology Times Money Matters: Alternative Investments
Cryptocurrency, nonfungible tokens, and marijuana stocks: Should you add alternative investments to your portfolio?
With the markets pushing record highs, how should you react?
Sticking to your investment strategy can help avoid emotion-driven decisions.
What to look for in an employment benefits package
CME reimbursement amount and 401(k)/401(b) are among elements to consider.
Tax code in 2021: Take note of these changes
Among the changes are increases in phase-out ranges for traditional and Roth IRAs.
Saving for your child’s future: What should you consider?
529 plans and trusts help save and manage money destined for your children.
Close out 2020 with these key financial planning tasks
Now is the time to assess your emergency fund and update beneficiaries.
Financial news: What does it mean and how can it help you?
Reports on indexes and averages can help benchmark stock performance.
How the SECURE Act affects inherited IRAs
Legislation sets 10-year withdrawal window for nonspouse beneficiaries.
The business of urology: Reducing required minimum distributions in retirement accounts
Converting funds to Roth dollars is among the most effective strategies.
How to fill the gap between retirement, Social Security
Withdrawals from pretax retirement accounts are among the ways to bridge your income, according to Jeff Witz, CFP.
How modern portfolio theory can help meet your financial goals
"[A study by Harry Markowitz] found that more than 90% of your long-term investment success is determined by asset class selection," writes Jeff Witz, CFP.
2 Clarke Drive Cranbury, NJ 08512