Many people consider annuities as a way to generate steady income during retirement. A $500,000 annuity can provide predictable monthly payments, but the exact amount depends on several factors. Understanding how annuities work and evaluating whether they match your financial goals is essential before making a decision. How Annuities Work
“We buy a new truck every year to reduce our taxes.” I hear some version of this all the time from business owners. Just the other day, a client called me and said,“Stephen, I’ve got $300,000 of profit I need to write off. What are some good things I can
A Health Savings Account, or HSA, offers families more than just a way to pay for medical expenses. With the right strategy, it can become a powerful tool for long-term wealth building. Many people think of an HSA only as a healthcare account, but it also provides unique tax advantages
Imagine this. You inherit a quarter-million dollars, $250,000, while juggling two kids, $3,000 daycare bills, and a baby due in January. That was the reality for a couple I met with last week. They weren’t popping champagne or shopping for new cars. They were asking a different kind of question:
“What happens to my investments if the world goes sideways?” That’s what Mary asked me last week, right after she finished running a client’s therapy session and doom-scrolling through her three-page news feed. The headlines were bleak, and like many smart investors, she wanted to know what to do when
Every once in a while, I meet an investor who’s “too successful” with a single stock. Maybe it’s Apple, Nvidia, or Tesla — one of those household names that’s grown 10- or 20-fold over the years. It’s an incredible story, but it also creates a problem: how do you diversify
Have you ever ended a month and wondered how much money did you save? Or even worse, wondered how much you even spent? In today’s fast-moving world, managing your finances can seem like a Herculean task, particularly for those who currently make a good income, and is even worse if
For young families, life insurance provides peace of mind and financial security. However, many parents struggle to decide how much coverage to buy or how long to keep it. The concept of insurance laddering offers a flexible, cost-efficient approach. This strategy allows you to match insurance coverage to your family’s
Have you ever ended a month and wondered how much money did you save? Or even worse, wondered how much you even spent? In today’s fast-moving world, managing your finances can seem like a Herculean task, particularly for those who currently make a good income, and is even worse if
When you save for retirement, every dollar counts. Your 401(k) gives you a powerful way to build wealth, but hidden costs can quietly chip away at your balance. Even small fees add up over time. The good news is that you can take steps to reduce these costs and keep