The Coming Rise in Education-Only Financial Planning
Financial advisory fees significantly impact retirement income, gifting potential, and inheritances. Research that I had published in The Journal of Retirement last fall demonstrat
A Different Way to Save Taxes with a Health Savings Account
As tax filing season approaches, I wanted to share a strategy for maximizing your Health Savings Account (HSA) and saving on taxes. While the best long-term approach is to let HSA
Why Does Delaying Social Security Provide Tax Advantages?
Many excellent 401(k) savers have heard about the value of Roth conversions to lower lifetime taxation, Yet, from my experience, few understand the value of delaying Social Securit
Embracing Mental Accounting to Feel Comfortable Spending in Retirement
We’re now seeing the first generation of retirees who have spent decades saving in 401(k) plans and other defined contribution plans. Maintaining a disciplined approach to sa
It’s Open Enrollment Season and Time to Look More Closely at HSAs
As I write this blog post, it’s now mid-October and Open Enrollment season is upon us. For many workers, this means deciding how much to put aside in a Health Savings Account (HS
Announcing the Release of My New Book
I am thrilled to announce the release of my second book, Innovative Techniques for Maximizing Roth and Health Savings Accounts. The book provides unique insights, distinguishing
Navigating the Impending Storm of Post-Forbearance Financial Strain
As we approach the end of the federal student loan payment suspension on August 30th, I feel a deep concern for the millions of student loan borrowers who will soon face financial
The Benefits of IRA Charitable Gift Annuities: A Mathematical Perspective
The SECURE Act 2.0, passed in late 2022, permits individuals to use their IRA assets to donate a specific sum to a college (or another non-profit organization) without incurring ta
The AI Revolution: How Artificial Intelligence May Transform the Financial Advisory Industry
It’s natural for us to believe that our work holds unique value, and that a software application could never truly replace it. The idea of an AI-powered tool taking over our
The Fed Just Increased Interest Rates Again
On March 22, 2023, the Federal Open Market Committee (FOMC) raised the Federal Funds Rate again in an attempt to slow down the economy and curb inflation. The rate now stands at a
In Retirement, It Starts with Spending, Not Income
When it comes to retirement, the financial planning industry has traditionally focused on how much income one can safely draw annually from retirement savings. I’ve long thought