wealth management services

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Monday, 05 February 2018 20:31

Some Perspective on Recent Market Performance

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A little over 1 year ago, I published a blog post right here where I discussed the Dow reaching 20,000 for the first time ever, and some thoughts on how to handle stock market highs.

Here we are a year later, and the Dow recently closed above 26,000. So, according to my math, a rough 23% decline (a true bear market) would take us all the way back to...2017. Last year. If the Dow dropped 23% tomorrow, it would be about where it was just a year ago.

Friday, 22 December 2017 15:55

Thoughts on the Tax Cuts and Jobs Act of 2017

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The tax reform bill that has dominated the news headlines was passed into law this week. And it should dominate the news because it will impact every taxpayer and every US business in some way, shape, or form. The purpose of this article is not to summarize all the points of the new bill, but to give you a few of my initial thoughts on how it impacts the clients we work with every day.
Wednesday, 20 December 2017 16:47

Why You Should Care About Health Savings Accounts (HSAs)

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Health Savings Accounts (HSAs) have become a popular extension of health insurance plans over the last 10 years, and will likely continue to grow in popularity. You've probably heard of them...maybe you even have one. But did you know that most account holders vastly underutilize their benefits? If you (or anyone in your family) has medical expenses at any point in the future, and you prefer to pay less in taxes, you may be one of these people. 

So, you've just decided to hang up your cleats and quit the working life. Congratulations. That's a huge life changing moment for you and your family. You've amassed this pile of wealth and now you need to figure out how to spend it down. The skill set required to spend down your portfolio is a much different skill set than the one you followed to accumulate your wealth (i.e. focused savings, starting early, smart spending). It's more of an art than a science, as there are many variables that need to be weighed against each other. If you’re not following these steps, you may be paying more tax than you need to, and therefore, have a higher likelihood of running out of money in retirement:

I've heard countless clients tell me how they 'failed' at retirement.  They enjoyed it for the first three weeks or even three months, then yearned to return to work.  They were not ready for it.  In some instances, I take blame for this as I did not adequately prepare them for this new freedom.  The freedom to do what they wanted, when they wanted.  The successful ones were ready for this new way of life, as they had already practiced via a trial run what they were going to do.  The unsuccessful ones didn’t.  They did not plan.

To increase your odds of a successful retirement, here are a few things to keep in mind as you contemplate this new way of life: 

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