January 31, 2023 If you have been considering a Roth IRA conversion—which is simply a transfer of assets from a Traditional (tax-deferred) IRA to a Roth (tax-free) IRA—but have been hesitant because of the associated tax bill, 2023 might provide just the moment you have been waiting for. With expanded tax brackets now in place … Continued
January 31, 2023 It is the start of a new year and if you are one for making resolutions, now is a great time to add some financial planning resolutions to your list. Or, at a minimum, keeping tabs on some of the recent updates to tax and retirement limits will make sure you start … Continued
As the year-end approaches, now is an ideal time to review strategic planning opportunities and preview what lies ahead in 2023. We encourage you to discuss these planning topics with your Sand Hill Wealth Manager. Retirement Planning In 2023, retirement plan contributions for 401(k)s, 403(b)s, and most 457 plans will increase to $22,500 with an … Continued
October 25, 2022 Tax liability is, for many, a key criterion to consider when deciding where to retire. California is a high-tax state, and many retirees are understandably looking to lower their tax burden when they no longer have a steady stream of earned income to buffer that expense. We advise caution here. While one … Continued
July 13, 2022 When you consider your future retirement, you may have specific ideas and preferences in mind. Perhaps one such preference is retiring in another country. While doing so can be full of fascinating possibilities and great happiness, there are specific things to be keenly aware of when structuring your successful retirement plans. • … Continued
January 27, 2022 For much of human history, life—as described by 17th century political philosopher Thomas Hobbes in his book Leviathan—was for most people “nasty, brutish, and short” … whether they were in a state of war or not. Recent generations though—at least in most parts of the developed world—more readily expect to live long, … Continued
July 30, 2021 People are living longer. This is generally a good thing. But how does this affect us financially? Can we afford it? Nowadays, people could be living in retirement for 40 years or more. That is a substantial amount of time to save up for. Increased longevity requires new thinking and needs to … Continued
July 30, 2021 Vacation living can be fabulous. The stress of daily meal preparation, schedules and work commitments fade away, allowing you to reconnect with family and friends in a way that can be challenging to do in your regular life. As soon as you return home from a great vacation, it is common to … Continued
April 22, 2021 It’s one of the biggest life events anyone can achieve. You’ve successfully navigated a long and fulfilling career and your reward awaits: the blissful stage of retirement. Remember that last final in college? That feeling of freedom and the thrill of the pending activities and opportunities? Many of my clients, however, feel … Continued
October 14, 2020 This year’s CARES Act exempts required annual distributions in 2020 for all IRA owners over age 70 ½, and for some people, this may create an attractive planning opportunity utilizing the Roth IRA conversion. Unlike a traditional IRA that is funded with pre-tax dollars that grow tax deferred until withdrawn (as taxable … Continued