I recently had the pleasure of speaking with Jasmin Suknanan at CNBC on the importance of saving for retirement. In Ms. Suknanan’s article, one of the things she focused on was calculating how much money you’ll need to fund your retirement. “The 4% rule is this idea…
With the potential tax law changes impacting some popular Roth conversion strategies beginning in 2022, many people are asking whether they should go ahead and convert some of their IRA assets to Roth IRAs before the end of the year. As in most things in…
Global stock and bond markets were mostly flat in the third quarter, with the exception of emerging market stocks. See how each asset class performed below: Read More… Looking for a trusted partner to help you accomplish your financial goals? Reach…
As part of the recent tax proposals, one potential change that’s not getting much attention in the early retirement community is an elimination of the affordable care act (ACA) “subsidy cliff.” As I wrote back in June, previously there was an income limit based…
By now, you probably have heard that the House Ways & Means Committee released proposed changes to the tax code last week. If you’d like to read the full 881 pages, here is a link. For those of you who don’t have the time or desire to read all 881 pages, you may…
As Manuka Financial continues to thrive, one thing that I always prioritize is putting the interests of my clients first. In that regard, there is a relatively new fee structure that I believe is at the leading edge of financial planning / advising: the fixed flat…
An incredibly useful planning tool for charitable gifting is a Donor-Advised Fund (DAF). A DAF allows you to set aside funds for future charitable gifts while receiving a tax deduction now. Donor-Advised Funds are especially useful for charitably inclined individuals…
My favorite retirement account is a Health Savings Account, or HSA. I know, I’m weird. But hear me out. An HSA is the best of both worlds. It has the benefits of an IRA (pre-tax funding) and a Roth IRA (tax-free withdrawals) as long as they’re used for health care…
The path to early retirement can be simple: spend considerably less than you earn, invest wisely and let the magic of compounding do the hard work for you. But what happens once you reach your own financial independence (FI) goal? Over the past 13 years, I’ve…
It’s no secret that taxes can play a large role in your ability to retire early and stay financially independent. But are you fully utilizing the available deductions, credits, and other tax planning strategies available to you? Here are some financial planning…
