The college and NFL seasons are in full swing - and if you're a football fan, you're no stranger to how much goes into every game, every week. Hours and hours of scouting, researching, and planning goes into each team's game plan. Just as your favorite team needs a [...]
Well since there's not much else happening on August 14th each year (sorry if that's your birthday, and if that's the case, Happy Birthday!), the day-naming committee (DNC?) decided today is National Financial Awareness Day. So, I guess we need to all be more aware of our finances today? [...]
What is a backdoor Roth IRA? This has become a common question I get with investors that might be over the income limit to contribute to a Roth directly. To be totally clear, a backdoor Roth IRA is more of a strategy than a type of account. A Roth [...]
In previous years those receiving a monthly social security check haven't seen much of an increase. With inflation making its mark on everyone's monthly budget, the Social Security Administration (SSA) announced that they are increasing 2023 Social Security benefits by 8.7%. How can I find out what my new [...]
Do I need a will? Yes. Yes you do. That's usually my default answer when asked this question as it's usually a safe one. But maybe the answer is "most likely." Talking about your untimely death is never as exciting as planning your next vacation, but making sure you [...]
I love getting reader questions (thanks KW!)- and I got a great one this week that I thought I would write a few quick words on. "Does my Lockheed 401k allow 'the rule of 55?'" This rule has become more popular as people try to retire earlier and need [...]
Social Security can be a confusing piece to the retirement puzzle. Below are a few of the most common questions I get asked when clients talk about Social Security. Should I start my (or my spouse's) social security now? There is a number of factors that can go into [...]
Regardless of whether you prepare your taxes yourself or use a professional's services, it's a good idea to gather the information and documentation you need well in advance of your actual tax filing date. Below, we've listed some key information you need when preparing this year's taxes. Your Personal [...]
When approaching retirement, clients have saved a decent amount of money in their 401ks, IRAs and pension accounts. But should they use those funds to pay off their mortgage when they retire? The first task is to get your mortgage info together. You'll need to know your balance, interest [...]
Five financial items you should consider before December 31st December will be here by the end of the week, and it might be a good idea to get a jump on these year-end financial tasks you might want to consider. Here's a quick list of items that Lockheed Martin [...]
