Backdoor Roth IRA Contributions Explained
How High Earners Can Diversify the Taxability of Their Retirement Assets Our fee only financial advisors often recommend executing a backdoor Roth IRA contribution strategy for high earning clients who max out their tax-deferred and/or after-tax employer sponsored plans and are seeking additional tax favorable approaches to save and grow assets. These clients often accumulate […]
Awareness
A lot of the problems I see when working with clients on a financial plans stem from a very simple lack of awareness. We are not aware of how much money we spend each day, each week, each month. We are not aware of what we should do each day to reach our short term […]
Average is not Normal
Over the last 80 years the stock market has advanced an average of 10% each year, but average is not normal when it comes to the stock market. The table pictured on the left shows the actual returns for the S&P 500 each year since 1975. How many of those returns were 10%? How […]
Are Preferred Stocks a Good Investment?
Many investors love the Federally tax-free income they receive from municipal bonds. Municipal bonds are debt securities issued by state and local governments to fund operations or special projects. Because the income an investor receives is not taxed, the after-tax return of municipal debt is often higher than the after-tax income provided by corporate bonds […]
An Ounce of Prevention
If you have known someone who suffered a heart attack and survived you might also have witnessed a quick lifestyle change in the survivor. Diet improves remarkably, even couch potatoes suddenly become more active. In general the Heath choices of the survivors improve markedly. That is usually how it happens with money too. We experience […]
All That is Gold Does Not Glitter
Boring, boring, boring. That’s how you might describe one of the best investments my kids will ever profit from. Back in 1990 my children’s grandparents bought them 50 shares of Disney common stock for around $500 per child. The kids received the dividend check each quarter and thought it was neat getting a little extra […]
ADVISOR SPOTLIGHT ARTICLES: INSIGHTS ON BASIC LIFE INSURANCE
Last month, Bryan Taylor was featured in two articles published by MoneyGeek, a website dedicated to personal finance content. Experts’ Insights on Basic Life Insurance Bryan Taylor, CFP® Vice President and Fiduciary Financial Advisor at Oak Street Advisors What are the major benefits and potential downsides of purchasing a basic life insurance policy? Basic life insurance […]
Active or Passive ?
If you read any of the financial press aimed at the individual investor you have likely run across the active investor passive investor debate. The majority of financial writers today will lead you to think that you should be very passive in your investment approach, buy an index fund and never sell. If you are […]
ABCs Of Reverse Mortgages
Reverse mortgages have been around for decades but their popularity remains low. The primary reason seems to be home owner’s reluctance to take any chance when it comes to their home. Reverse mortgages are also confusing, complex, and expensive, making them an option of last resort in the minds of homeowners. A reverse mortgage is like a home […]
A Cryptocurrency Conversation
Bitcoin, Ethereum, Dogecoin– you might have heard about these crypto currencies recently and wondered what’s going on. We enlisted the help of Alex Strain of Bitwise Investments who arranged an interview with their Director of Research, David Lawant, to get a clearer picture of what is happening in the world of Crypto. If you don’t know what […]
