Tax Reform Changes To Recharacterizations And Roth IRA 2018 Contribution Limits

January 4, 2018
By:
Jamie Hopkins

While the tax cuts and changes might have a big impact on government program cuts to Medicare, Medicaid, and Social Security in the future and might also significantly impact how people save, spend, and invest money, only a few direct changes were made to retirement planning laws.

Tax Reform Is Here: 4 Moves To Make By End of 2017

December 23, 2017
By:
Jamie Hopkins

Tax law changes are here. On Friday December 22, 2017, President Trump signed the bill, with most of the provisions taking effect in 2018. That leaves little time for tax planning with the holidays and two weekends before the New Year.

4 Reasons To Start Using A Roth IRA In 2018

December 21, 2017
By:
Jamie Hopkins

If you want a more secure financial future and retirement, it is time to consider using a Roth IRA. Unfortunately, most people don’t. Roth IRAs remain a vastly underutilized retirement savings and investment vehicle. Instead, most people tend to rely on a traditional IRA or 401(k) account.

5 Best Practices for Using Housing Wealth in Retirement

December 15, 2017
By:
Jamie Hopkins

Housing wealth represents U.S. retirees’ largest asset. For the average 65-year-old couple, home equity represents about two-thirds of their total wealth. The only other potentially more important retirement asset is Social Security, since it functions as the main source of retirement income for most retirees.

Forget 'Location, Location, Location' When Making Retirement Housing Decisions

December 5, 2017
By:
Jamie Hopkins

When talking about real estate, you have likely heard the widely used phrase “location, location, location.” What realtors mean by this is that identical homes may have very different prices depending upon location. What this often means to home buyers is that they may have to pay more to live close to work or to be in the best school district.

Bitcoin Might Be A' Bubble' But Digital Currencies Are Not

November 29, 2017
By:
Jamie Hopkins

You have likely seen some articles discussing the sudden rise in value of Bitcoin over the past year. Bitcoin has experienced a surge in value. However, the surge in attention and value has also attracted a number of critics, including Vanguard founder Jack Bogle and Nobel Prize winner Professor Joseph E. Stiglitz from Columbia University.

Proposed Tax Plan Shows Growing Generational Divide

November 2, 2017
By:
Jamie Hopkins

Today, the average American is roughly 20 years younger than their current representative in Congress. Essentially, the average age of a member of Congress has increased with each new Congress. The current Congress, the 115th, is the oldest in history with the average age of a senator being 61.

The “Comprehensive” Fiduciary Advisor: Reality, Myth or Liability?

November 1, 2017
By:
Jamie Hopkins

Financial advisors are facing real risk when they hold themselves out as a fiduciary and a compressive planner, when in fact; they might not be able to meet either of those promises. However, this risk wasn’t always as prevalent. The field of financial planning has grown and developed dramatically in the past 100 years.

Don't Forget Secondary Market for Life Insurance

October 24, 2017
By:
Jamie Hopkins

With many Americans struggling to meet their retirement income needs, it is unfortunate that valuable assets may not be properly utilized in retirement planning. Assets like home equity and life insurance are often neglected in the planning process despite being some of the most valuable resources that retirees have in retirement.

Reverse Mortgages Rules To Change Positively And Negatively For Retirees

September 21, 2017
By:
Jamie Hopkins

A number of recent articles stated that the government’s new reverse mortgage changes (Mortgagee Letter 2017-12) will make the program less attractive to borrowers. However, this might have been an initial overreaction.

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