What Are My Healthcare Options if I Retire Early?
Posted by Canby Financial Advisors on Thu, 10/13/2016 - 11:36
If you're eligible for an early-retirement package from your employer, determine whether post-retirement medical coverage is included. These packages sometimes provide medical coverage until you reach age 65 and become eligible for Medicare. Given the high cost of medical care, you might find it hard to turn down an early-retirement package that includes such coverage.
Earnings Call: A Closer Look at Financial Reports
Posted by Canby Financial Advisors on Tue, 10/04/2016 - 18:32
The second quarter of 2016 marked the fifth quarter in a row of declining U.S. corporate earnings. Low oil prices and a strong dollar were largely to blame for lackluster financial results. (1)
Publicly traded companies are required to report quarterly financial results to regulators and shareholders. Earnings season is the often-turbulent period when most companies must disclose their successes and failures.
Making the Most of Life Insurance Tax Benefits
Posted by Christopher Borden, CRPS® on Thu, 09/29/2016 - 17:25
The primary purpose of life insurance is to provide financial security for families and businesses. But did you know that it also offers a number of tax advantages?
An income tax-free death benefit
Generally, your beneficiaries won’t have to pay income tax on the death benefits they receive from your life insurance policy.
Building a Better, Budget-Friendly Vacation
Posted by Michael D. Flaherty, CFP® on Thu, 09/29/2016 - 14:33
With summer just around the corner, it’s time to get moving on your vacation plans before it’s too late. Whether you decide to book online yourself or go through a travel agent, here are some tips to help you save time and money.
If you’re short on time
Questions to Ask When You Inherit a Home
Posted by Canby Financial Advisors on Thu, 09/29/2016 - 14:26
Buying a home is one of the most stressful experiences and biggest financial commitments of many people’s lives. But inheriting a home from a parent or relative can be equally stressful and complex in ways you may not anticipate. As you cope with a loved one’s death and all the emotions it stirs up, you’ll need to decide whether you should sell the home, live in it, or rent it out.
Posted by Canby Financial Advisors on Thu, 09/29/2016 - 14:23
Whether you’re buying your first home or looking to purchase a vacation home or another property, it’s important to determine how much debt you can comfortably take on and to compare mortgages to find the most appropriate option for your situation. The following tips can help:
Helping Your Adult Children Without Hurting Your Retirement
Posted by Christopher S. Borden, CRPS® on Thu, 09/29/2016 - 14:21
A large portion of the millennial generation has come of age during complex and challenging economic conditions. The older end of the generation entered the workforce just in time for the biggest market downturn and scariest job market in decades, while being saddled with more student loan debt than any previous generation.
Avoiding Tax-Related Identity Theft
Posted by Daniel J. Flanagan, CPA/PFS, CFP®, AEP® on Thu, 09/29/2016 - 14:19
If you’re not thinking about your taxes yet, you should be—identity thieves certainly are. During tax season, there’s a significant increase in the sharing of sensitive information, both
Considerations for Buying a Second Home
Posted by Christopher P. Gullotti, MSFP, CFP® on Thu, 09/29/2016 - 14:14
Spending the cold winter months someplace warm is a goal for many Americans—especially during their retirement years, once they’re no longer tied to the office and have more free time for leisure-based pursuits.
Roth IRAs Are Not Just for the Young
Posted by Canby Financial Advisors on Thu, 09/29/2016 - 13:54
Most financial advisors recognize that Roth IRAs are an ideal investment vehicle for young people, but fail to realize that they can be useful for seniors, too.
Income taxes are paid up-front on funds invested in Roth IRAs, then the funds grow tax-free throughout the owner's lifetime and are distributed tax-free, assuming regulations for qualified distributions are followed. As a result, the longer money stays invested in a Roth IRA, the greater the tax-free income the owner can accumulate.