END OF THE YEAR FINANCIAL CHECK-UP

Posted by Kat Schraeder, CFP®
On November 19, 2020

With all of the changes occurring this year, an often-overlooked area that may need rejuvenation is your financial health. The end of the year is the perfect time to reevaluate your financial situation and ensure you have all of your major financial bases covered to start the new year off right. The checklist below will […]

7 REASONS YOU SHOULD NEVER BORROW FROM YOUR 401(k)

Posted by Patrick Fisk, CFP®
On October 26, 2020

Most people are worried about money right now, and millions are having trouble paying their bills. Even if you still have your job, it’s possible your partner or spouse does not. When cash is short, it’s tempting to make a beeline to the savings in your 401(k), but I would strongly recommend against it. I’ve […]

3 Ways to Protect Your Retirement Savings & Pay Yourself

Posted by Gary Krasnov, AIF®, CLTC®
On September 29, 2020

Once you retire, how do you protect your portfolio so that it preserves principal and generates adequate income? While challenging, it helps to think of retirement as the time in life when you are going to be paying yourself. Yes, paying yourself, but with a small caveat.

MANAGING FINANCIAL STRESS & RELATIONSHIPS

Posted by Michelle Yates, CPRS™, BFA™, CDFA®️
On August 18, 2020

Many of my colleagues (and a vast majority of our clients) are active or former pilots, so we bear close witness to the alarming economic situation our airline brothers and sisters face. Due to the fallout from the pandemic, for pilots, 2020 is the worst of times. With that in mind, here’s something that probably […]

FACING A REDUCED INCOME? REVIEW THESE 3 KEY AREAS

Posted by RAA
On April 27, 2020

Whether you’re new to your airline, are beginning to plan for retirement, or are somewhere in between, it’s likely that the challenges facing the aviation industry are leading you and your family to plan for changes in your income. In turbulent times such as these, it’s perfectly normal to be concerned about your career and financial […]

HOW ARE RMDS CALCULATED?

Posted by Richard Winters, CFP®, CRPC®
On March 16, 2020

RMDs, or Required Minimum Distributions, are calculated by dividing your traditional IRA or retirement plan account balance by a life expectancy factor specified in either the Uniform Lifetime Table or the Single Lifetime Table. Your account balance is usually calculated as of December 31 of the previous year. You are allowed to defer your first RMD (the year […]

WHICH TAX EXTENDERS COULD AFFECT YOU?

Posted by Kristi Cherry, CPA®
On March 3, 2020

On December 20, 2019, President Trump signed the new federal budget into law, which contained several key tax extenders (expired or expiring tax provisions). While the sweeping SECURE Act generated most of late December’s headlines, tax professionals were closely monitoring two affiliated budget bills (H.R. 1158: Consolidated Appropriations Act and H.R. 1865: Further Consolidated Appropriations […]

TAX LAW CHANGES FOR THE 2020 TAX SEASON

Posted by Kristi Cherry, CPA®
On January 13, 2020

In November of last year, the IRS announced tax inflation adjustments and other tax changes that will go into effect for the 2020 tax season. It’s important that you take these changes into consideration as you build out your financial plan for this year. 

WHO NEEDS AN ESTATE PLAN?

Posted by Richard Winters, CFP®, CRPC®
On December 30, 2019

There is a very common misconception that only the very wealthy, or those nearing the end of their lives, need to have a comprehensive estate plan in place. The reality, however, is that every investor – regardless of assets or age – should have a carefully crafted estate plan that defines their wishes. While we […]

USING AN HSA AS A RETIREMENT ACCOUNT

Posted by Gary Krasnov, AIF®, CLTC®
On December 21, 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 […]