Blog

The Pros & Cons of Roth IRA Conversions

What are the potential benefits? What are the drawbacks?  Provided by Tim Flick, CFP®   If you own a traditional IRA, perhaps you have thought about converting it to a Roth IRA. Going Roth makes sense for some traditional IRA owners, but not all. Why go Roth? There is...

The Medical Expense Deduction in 2018

Tax reform has lowered the threshold. Provided by Tim Flick, CFP®     If you itemize, you should note the reduced medical deduction threshold for 2018. This year, you can deduct qualified medical expenses exceeding 7.5% of your adjusted gross income. Next year, the...

Your 2018 Financial To-Do List

Things you can do for your future as the year unfolds. Provided by Tim Flick, CFP®                        What financial, business, or life priorities do you need to address for 2018? Now is a good time to think about the investing, saving, or budgeting methods you...

Why Rebalance?

To restore to the correct balance. By Tim Flick, CFP® In short: The primary goal of a rebalancing strategy is to minimize risk relative to a target asset allocation. A portfolio’s asset allocation is the major determinant of a portfolio’s risk-and-return...

Talking to Your Kids About Your Wealth

How can you convey its importance and its meaning? Provided by Tim Flick, CFP®  What accounts for the difference? It may boil down to values. When the right values are handed down, a young adult is poised to hold wealth in high regard and receive it with maturity....