Be it a basic question about plain-vanilla retirement, something sexy like early retirement, or my obsession with U.S. Treasury bonds, we want to know your questions about money. Send your money questions to podcast@StayWealthySanDiego.com. You can hear all sorts of great financial planning questions answered on this week’s Stay Wealth San Diego podcast.
Financial Planning
Assumptions
I recently ran the numbers on my own financial plan, using Define Financial‘s software of choice. A snippet of the results follow. I did this exercise because I wanted to know if it made sense to sell our house sooner rather than later. According to the financial planning software, there was a distinction. Apparently, I […]
Tax Planning from Sheryl Rowling, CPA, PFS
Sheryl Rowling is a practicing financial advisor, tax ninja, and creator of Total Rebalance Expert (TRX). She gave a summary of the new tax changes at a recent quarterly meeting of the San Diego Financial Planning Association. Here are a few takeaways from her talk. Bunching Deductions in Alternating Years Bunching deductions is certainly not […]
Save More Money with a Roth
Roth vs. Traditional. It’s a debate as old as time. Well, not really – but it’s an important financial planning question. Most of the time, I’m a big advocate for the Roth for most people. How come? With a Roth, you literally save more money. Yes, but Jon, what about the optimal strategy where you […]
Spend Less or Save More?
I was sitting in on a presentation by Nobel Laurette Robert Merton who made the comment that not saving enough money (insufficient savings) is the same thing as spending too much money. Given a fixed income, saving more money means spending less money. And spending less means saving more. Income = Spending + Savings So, telling […]
When Should You Take Your RMD?
Recently, a client asked if they should be taking their RMDs at the beginning of the year. Given the market’s recent upward performance, a market correction is due, thought the client. By that logic, it should make sense to take the RMD sooner rather than later, right? Perhaps, let’s see what the numbers say. I […]