USING AN HSA AS A RETIREMENT ACCOUNT

Posted by Gary Krasnov, AIF®, CLTC®
On December 11, 2019

There are few vehicles as tax-efficient as a Health Savings Account (HSA). I like to think of HSAs as a ROTH on steroids. As you know, in most cases[1], with a ROTH account you can invest after-tax dollars that grow tax-free and are withdrawn tax-free in retirement. With an HSA, you can deposit pre-tax dollars […]

PROTECT YOUR IMPORTANT DOCUMENTS FROM A NATURAL DISASTER IN 3 STEPS

Posted by Brad Bridgewater
On September 17, 2019

Natural disasters such as floods, fires, and hurricanes can cause devastating impacts to your life, family, home, and communities. Your best strategy to protect the things you love is to prepare for the worst before it strikes. Many people include steps such as gathering supplies, identifying evacuation routes, and creating a network to get in […]

HOW TO MANAGE AN IRS AUDIT

Posted by Kristi Cherry, CPA®
On July 2, 2019

No one wants to receive that dreaded letter from the IRS saying you will be audited. Going through the audit process can be intimidating, confusing, and time-consuming. Although the likelihood of an audit is small, it’s quite possible that you or someone close to you will go through the process at some point in your […]

5 IMPORTANT TYPES OF INSURANCE AND WHAT THEY COVER

Posted by Sally Jilek, CLTC®
On April 24, 2019

As financial planners, the RAA team spends a lot of time thinking about and preparing to help our clients with the unknowns in life. What happens if the Fed raises rates? What happens if a client develops a chronic medical condition, or becomes disabled and isn’t able to work? By thinking about and planning for […]

FIDELITY BROKERAGELINK®: PROFESSIONAL MANAGEMENT IS NOW AVAILABLE FOR YOUR FEDEX 401(K)

Posted by Michael Kane, CFP®
On February 21, 2019

As a FedEx pilot, you are now able to view and manage your Pilots Retirement Savings Plan (PRSP) at Fidelity. You also now have access to professional investment management for your PRSP/401(k) account through Fidelity BrokerageLink® (BL). WHAT IS BROKERAGELINK®? The PRSP is a critical piece of your retirement plan, and it’s essential for your […]

ESTABLISHING GUARDIANSHIP: WHY IT’S SO IMPORTANT AND THINGS TO CONSIDER

Posted by Clay Caldwell, CFP® and Rich Winters, CFP®, CRPC®
On February 19, 2019

If you and your spouse were to pass away, who would assume legal guardianship of your children? Would your extended family members decide who raises your children? Would the courts decide? Maybe it would be a combination of the two? And for separated families, what kind of additional complexities exist? While it is a […]

YOUR CPA, YOUR ADVISOR, AND YOUR FINANCIAL PLAN: WHEN TWO HEADS ARE BETTER THAN ONE

Posted by RAA
On December 11, 2018

When it comes to your long-term financial plan, it’s essential for the advice you receive to account for your overall needs and financial picture. This is especially beneficial when understanding and planning for the impact tax-related factors might have on your financial success. Because taxes can play a key role in your financial outlook, we […]

FINDING A COPILOT FOR FINANCIAL ADVICE

Posted by Michael Kane, CFP®
On October 18, 2018

For the last 30 years, RAA has been focused on serving the financial needs of airline pilots and their families. A part of this commitment requires us to continually understand how pilots are utilizing financial advice, how satisfied pilots are with the support they receive, and what value pilots are gaining from the relationship with […]

HOW MUCH IS ENOUGH FOR RETIREMENT?

Posted by Robert Gecker, CRPC®
On September 10, 2018

“How much is enough” is one of the biggest questions that you will face during your final years in the workforce. Do you need $1 million to live the retired life you dream of? $2 million? $3 million? The short answer is that everyone’s amount will be a bit different. In this article, we explore […]

MARKET HEADLINES ARE NOT A FINANCIAL PLAN

Posted by Fred Kneib, AIF®
On July 23, 2018

A recent study by Dalbar showed that during the 20-year period ending in 2017, the S&P 500 index averaged a 7.20% annual return while the average equity fund investor captured 5.29% over the same time period1. In the investment world, this 1.91% difference between investment returns and investor returns is called the “behavior gap.” Understandably, […]