Asset Allocation Using RMDs Can you use Required Minimum Distributions (RMDs) to help determine your asset allocation in the retirement drawdown phase? Imagine you are living off your assets (taking an income from your nest egg). What might your asset […]
How Should Grandparents Give Money to Grandkids? How can grandparents give money to their grandkids? How nice of you to ask! Let’s start with tax-free giving and go from there! How Much Money Can a Grandparent Give a Grandchild Tax-Free? […]
Post-Separation Abuse by Proxy After divorcing a narcissist, post-separation abuse is common. When the narcissist uses another person to perpetuate the abuse after the relationship ends, it is post-separation abuse by proxy. Since narcissists continue to find supply post-separation, […]
529s as Retirement Plans With Secure 2.0 allowing you to move leftover 529 money to a Roth IRA, is now the time to talk about 529 retirement plans? Should you use a 529 plan as a bonus retirement account? Of […]
Modeling and Building a Roth Conversion Ladder in Early Retirement Folks get confused when talking about Roth Conversion Ladders, a series of partial Roth IRA conversions, and backdoor Roth IRAs. Here, we are discussing early retirement and trying to access […]
Stop Reinvesting Dividends When You Retire Some people think you should always reinvest dividends. Others think perhaps there are times when you should stop reinvesting dividends when you retire. When should you stop reinvesting dividends before you retire? What is […]
Self-Funding Long Term Care Building wealth and self-funding long-term care insurance gives you the best of both worlds. Since there are no good options for long-term care insurance, the baseline case is self-funding. Neither Medicaid nor insurance are great options; […]
Non-Deductible IRA After-tax contributions to a traditional IRA are a common problem. These results in basis in your IRA. That is, you have money you have already paid taxes on in a usually pre-tax account where you still owe taxes! […]
We All Numb—and why not numb? Most doctors “numb” their emotions through overworking. In addition, activities, substances, and other escapes are common. Our go-to numbing technique for physicians is always being busy, including at the hospital. If we stay […]