By: W. Devin Wolf, CFP® If you have children qualifying for the Child Tax Credit and make in the neighborhood of $110,000 to $200,000 per year, this pertains to you. If not, feel free to ignore or share with someone who does. What is the Child Tax Credit? (Note: All numbers used below and in […]
If you are currently receiving paper checks in the mail for your Social Security, disability and other benefits this will stop as of March 1st, 2013. If you are currently receiving paper checks in the mail for your Social Security, disability and other benefits this will stop as of March 1st, 2013. You either need […]
Start 2014 off right by making your 401(k) plan work for you. 1. Take the free money! Make sure you are taking advantage of your employer match. Employer matches have been increasing, with most offering a dollar-for-dollar match for the first 6% of employee deferrals (up from $0.50 per $1.00) according to the 2013 AON […]
As of 12/18/2015 Congress has made the QCD (Qualified Charitable Distribution) permanent. Previously the “IRA Charitable Rollover” had a termination date and Congress had to annually approve the QCD. With this most recent legislation the termination date has been removed, effectively making the QCD permanent. Although the article below references years 2012 and 2013 the information […]
Book Review: The Total Money Makeover 3rd Edition, by Dave Ramsey Reviewed by: W. Devin Wolf, CFP® Dave Ramsey is a well-known financial author, radio host, TV personality, and public speaker whose message focuses on getting out of debt and building wealth. I have been asked my opinion on Ramsey’s philosophies by a number of clients, prompting […]
Forefront in many of our minds lately has been the looming “Fiscal Cliff.” Over the past few months we’ve received a lot of questions from people, maybe even you, about whether they should be making financial moves in anticipation of the “cliff.” Our answer was always the same, and sounded something like this: “We don’t know […]
Today’s Powerball estimated jackpot of $500 million has created a fair amount of buzz in the media. We all know how it works. You buy a ticket and instantly begin fantasizing about what you will do when you win. We’ve crunched some numbers to help optimize your daydreams. Lump Sum or Annuity? With a $500 […]
Our very own Devin Wolf was interviewed by M.O. (Modus Operandi), a website that focuses on small businesses and entrepreneurs. In addition to some personal history, the interview focuses on how small business owners should approach their financial planning and their business retirement needs. MO: Why are you so passionate about helping small business owners navigate […]
Once again, the S.E.C. proposal to hold all brokers to a fiduciary standard has run aground. This from a September article in Bloomberg by Jesse Hamilton and Margaret Collins: Retail investors typically put their money in the hands of broker-dealers or investment advisers. Brokers earn commissions on sales and work under a professional standard that […]
Articles such as this one in Fortune regarding retirement plan fee disclosures are beginning to hit the mainstream media. This particular article focuses on an issue that has been erroding returns throughout the industry, not just 401(k) plans. At Financial Plan we believe this is a step in the right direction to increasing awareness and transparency in retirement […]
