“Anyone may so arrange his affairs that his taxes shall be as low as possible, he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one’s taxes.” – Judge Learned Hand – Helvering v. Gregory, 69 F...
Having a reliable and steady stream of income can be a game changer in one’s retirement, but it is not the only way to provide yourself with an income. Many retirees prefer to invest their money during retirement to continue to grow their assets. There are all kinds of different...
A secure and steady retirement strategy is what we all desire. However, it is very important to start with a strong foundation! You must consider the 5 pillars of financial and retirement literacy as you create your plan. At Welcome Home Financial Partners, we lead our clients through these pillars...
You have heard of spring cleaning your house, but your financial assets need the same attention. You worked hard for what you have saved and you should take time to make sure everything is in good order. This month, we encourage you to list your assets and evaluate them. Here...
Reviewing your portfolio allocation each year is an important step to staying on track for success in retirement. As you get closer to retirement, you will likely want to scale back on riskier investments to avoid a potential big loss. When you are 30 and have 30-45 more years of work...
Tax season is upon us and now is the time to prepare! Recently we have experienced record-high inflation rates, rising interest rates, and stock market volatility. It is no surprise that all these factors will have an impact on taxes. Here are some of the key tax changes for 2023 that you...
If you are like most people, you have probably recently asked yourself, “Why is everything becoming so expensive?” Inflation is a topic you have probably heard a lot about lately, and you’ve probably felt its impact yourself. Record-high interest rates have also made headlines in recent years. Now let’s talk...
Halloween is on the horizon and this month we are focusing on the “spooky” side of retirement and why it doesn’t have to scare you, starting with taxes. Taxes are a subject that no one likes to discuss, but the good news is if you plan properly, you can worry...
One of the most difficult things you can face in life is losing a loved one. You spend years planning for retirement, but nothing quite prepares you for the death of a spouse. Aside from the obvious emotional component, losing your partner could leave you in a difficult financial situation....
As we continue to go over preparing for the potential life changes retirement can bring, it’s time to discuss a very crucial factor that many would rather avoid: long-term care (LTC). While we hope you never need long-term care, someone turning age 65 today has almost a 70% chance of needing...