Each fall, the IRS announces retirement plan limits for the next year. In November 2021, we detailed those 2022 plan limits on our website. As we write this, we’re almost halfway through the year. Here are some tips to take advantage of the 2022 IRS retirement plan...
America’s Social Security program provides economic security to millions. The Social Security program provides you with a source of income when you retire, or if you can’t work due to a disability. It can also provide benefits that support your legal dependents (your...
Getting divorced can be a very emotional and difficult process. It can be stressful, painful and scary, even if you’re the one that decided to divorce. Divorce also has significant financial consequences for both partners. For that reason, it’s critical that you start...
If you’re retired and have health insurance through the Affordable Care Act (ACA) or Medicare, your premiums are directly related to your Modified Adjusted Gross Income (or “MAGI”). The higher your income, the higher your premiums. Unless you prepare your own tax...
Employee Stock Purchase Plans can be a very attractive way to buy your employer’s stock, typically at a discount of up to 15%. But the tax rules around the sale of this stock can be complicated, and determining whether or not you’ll owe tax on the sale can be...
Back in early 2020, we wrote about the changes that the Oregon State Legislature made to the tax benefits associated with contributions to the Oregon College Savings Plan. Those changes – described below – made a relatively disappointing program even less attractive....
Springwater's article on how a financial advisor can help an older, affluent divorcee was featured in the December 2021 edition of the Oregon State Bar's Family Law Newsletter. You can read the entire article here.
Erika seems to be slowly recovering from the recent loss of her husband of 43 years to the coronavirus. While John was 74 years old, he had no underlying health conditions. In fact, he was remarkably fit and took very good care of himself. They are still not sure how...
The 2022 retirement plan limits have recently been announced by the IRS. These new limits are effective January 1, 2022. If you're an employee and a retirement plan participant, be sure to contact your employer as soon as possible if you wish to change your retirement...
Over the years we’ve worked with a lot of clients who retained us for “planning only” advice. Some of them were working with a broker or advisor already, but one who didn’t offer robust planning advice. Just as often, though, they were managing their own portfolios as...
Oregon State Treasurer Tobias Read has announced he’s running for governor. If his management of the Oregon College Savings Program is any indication of his leadership abilities, Oregonians may not want to vote for him. The Challenge of Saving for College Saving for...
John and Emily have been retired for about 5 years. Every few years they like to meet with a financial planner to make sure they’re still on track. John specifically is interested in reviewing their spending to make sure it’s still in line with their resources....
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