How to make the best of your charitable donations
Over the past four years, the United States has enacted several new pieces of tax legislation that had a significant impact on tax and retirement planning at every level. 2017 brought the Tax Cuts and Jobs Act, or the TCJA for short, that made sweeping changes throughout the tax code. In 2019 Congress passed the…
Your expenses change with your age
Traditionally, many financial planners have used the income replacement ratio to determine how much money you will need to fund your retirement. The age-banding approach is an innovative strategy chosen due to its increased accuracy and lower initial money required to create an income stream throughout a 30+ year retirement. A hypothetical retirement will be…
How to Achieve Financial Agility
What is financial agility? Well, it’s a term I made up, but it seems descriptive enough to be easily understood. Financial Agility is the ability to adapt to changes to your financial future, as well as to overcome any challenges along the way. Your “agility score” is tied to one simple metric: your fixed expenses….