Financial planning

Insights and perspectives on financial planning and wealth management topics.

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Financial planning

Should retirees make any changes to their financial plans based on concerns of rising inflation? No, but they may want to be cautious spending in certain areas. This article highlights key points to consider.
Financial planning

The so-called 4% rule for determining how much to spend each year in retirement may be too conservative, in our view, for most retirees. This article outlines why we recommend a lifetime adjustable income approach instead of static spending.
Financial planning

President Biden’s American Families Plan (AFP) seeks to further stimulate the economy and focus on helping middle- and lower-income families. To help offset the cost, there are proposed changes that could increase taxes for higher-income taxpayers. This article takes a closer look at the plan’s key tax proposals and possible actions individuals can consider.
Financial planning

The “SECURE Act 2.0” was unanimously approved by the House Ways and Means committee in early May and will move to the full House for a vote. The latest version of the bill has some changes from the original one introduced last year; this article highlights the changes.
Financial planning

Biden’s American Families Plan (AFP) proposes to increase capital gains taxes on estates with over $1 million in appreciated assets. If key tenets of both bills became law, high net worth estate planning could be impacted. This article looks at the highlights and potential planning implications.
Financial planning

When planning for retirement expenses, conventional tools project the first year of expenses and increase that amount each year with inflation throughout retirement. However, for some individuals, this could lead to overestimating retirement needs and saving more than is actually necessary. Our research suggests a more strategic and flexible way to think about spending in retirement.
Financial planning

There are important ages to pay attention to for retirement planning, which may open up eligibility to certain benefits, affect the maximum amount individuals can contribute to a retirement account, and determine when to make required minimum distributions. Not all milestones require action, but a general awareness of them is important.
Financial planning

Various tax planning strategies, such as Roth conversions, tax loss harvesting, and tax gain harvesting, can be effective ways to minimize taxes. However, before implementing one of these strategies, individuals should first understand the basics of Tax Bracket Management. This article offers points to consider.

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