What happens if my assets do not keep pace with inflation?

September 18, 2020
The Risk of “Safe Assets” is that you might end up running in place How many millionaires do you know that have become wealthy by investing in savings accounts? I rest my case. Robert Allen Sources:Bankrate.com, U.S. Treasury, and Standard & Poor’s. Rates of return and inflation are derived using the averages from 1995 to
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What types of accounts are Tax-Deferred? Work with us to better understand how these type of accounts fit into your financial plan.

August 1, 2019
Accounts for Individual(s) Traditional IRA Individual Retirement Account(s) (IRAs) allow individuals to save and invest for retirement on a tax-deferred – and possibly tax-deductible- basis. Rollover IRA Rollover IRAs allow individuals with employer-sponsored retirement plans from former employers to consolidate them into a single, tax-advantaged account.  Amounts rolled over may continue to grow tax deferred.
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What is the benefit of tax deferral?

August 1, 2019
Tax-advantaged accounts can shelter income-producing investments from current income taxation and result in greater long-term growth over taxable accounts. Actively managing your tax picture may help you keep even more of your tax-deferred wealth.  Learn more about ICFP’s Financial Planning Approach. You should evaluate a Roth IRA at different stages of life
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Why is income allocation important?

July 30, 2019
By planning what distributions come from what sources, it may help mitigate your annual income tax burden, as well as, help give you perspective on where the sources of your income will be coming from for years to come.
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What is income allocation?

July 30, 2019
Income allocation is what sources of income are reflected on each year’s tax returns.  These sources are different based upon your set of circumstances, but could be, but not limited to, Wages, Pensions, Social Security Benefits, Retirement Plan distributions, Taxable Savings, Dividends, Capital Gains, distributions from properties or companies; the list goes on.
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How are you compensated for your services?

September 13, 2012
Only after we have a firm understanding of your needs and goals, compensation for our services can take on one of these four forms: Fee – Fee for the engagement. This could be a flat fee or an hourly fee. Fee arrangement – Management fee based upon your assets. Commission – if there were a
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