HSA, The Best Retirement Plan You Are Probably Not Using


What is a HSA, otherwise known as a health savings account?

My colleague Holly Thomas CFP® wrote about HSAs a while back, here is a link to her post. Reading her post reminded me to write a post myself for my followers. This is awesome stuff, so pay attention.

A HSA, or health savings account,  is a tax advantaged account used in conjunction with a high-deductible health plan, HDHP. As usual, the details are numerous and tiring, but worth it… Read More

Want to Save $15,300 in Taxes?


I have a new client who engaged me on a hourly basis. He wanted some help to determine the best way to handle a forthcoming distribution from a profit sharing plan and a low 6-figure gain on the sale of his personal residence. He was concerned about taxes and IRAs.

He is 52 years old, divorced with grown kids, moving to a different state, starting a new job and is excited by his prospects.

This current year, he will earn somewhere in the low $30,000s. Next year, he will earn much more, in the mid-to-upper $50,000s.

He wanted to take his $30,000+/- profit sharing distribution as a taxable event and then contribute it to a Roth IRA.

He didn’t have any real plan for the $120,000+/- expected proceed from the sale of his home.

Want to know what I suggested? Read More

I Love What I Do


I love what I do. Just love it.

It is different every day. And it is so much more than investing for others in the stock market, the real estate market, collectible cars or bit coin.

I help people of incredibly divergent backgrounds, situations  and wealth uncover what is really important in their lives. What is truly beneficial to them and theirs. It matters not to me whether my clients are worth 5 figures or 8 figures. I love helping them make the most of what they have, live more in the present and navigate the often murky and at times treacherous waters of financial life. It’s an unknown future here on planet Earth, and I’m here to help.

All of my clients are exceptional, but this year of 2017 has been a little outside the expected. It’s been the year of the fascinating conversation. I can’t explain it any other way other than keeping an open mind and an open heart.

Here is my abbreviated story of three fascinating conversations I’ve had this year… Read More

The Ins and Outs of College Savings Plans


I have a friend with a new son, 16 weeks old. He asked me about 529 accounts, better known as college savings plans.

My friend has it spot on. Starting early with these plans is the way to go, allowing the power of compound interest to work its magic. Then, there is a wonderful  double-dip at the end, those earnings from compound returns incur no state or federal income tax liability. It’s joyous…

College savings plans were originally established the by the states, starting off in Michigan. Congress eventually got on board, and through a series of legislative  acts in the 1990s to early 2000s, we can now all enjoy the benefits of these plans for our kids, our grandkids, our nephews and nieces.

Here are the basics: Read More