Financial planning blog

Timely and free financial planning advice

February 18, 2023

2023 Tax Law Changes: Gift Tax, Estate Exclusions, And More

At the end of 2022, Congress passed over 90 changes to the tax code. On February 2nd, we held a Zoominar where I summarized the bigger changes that affect most people. Here are some of the tax laws and limits not discussed in the Zoominar: Gift Tax Exclusion Rises to $17,000 One of the most popular...

New retirement plan benefits for individuals aged 60 to 63

February 7, 2023

New Retirement Benefits for Ages 60-63, Explained

At the end of 2022, Congress passed over 90 changes to the tax code. One of them is particularly interesting because it allows people between the ages of 60 and 63 to contribute more to their retirement accounts than anyone else, at any age. Is A Reverse Donut Hole A Cinnamon Roll? Perhaps you have...

Business owner consulting a financial planner for strategy

February 6, 2023

Business Financial Planning Strategies for Businesses in Colorado

Planning for the future is essential for any business, but it can be difficult to know where to start. After you have a business financial plan, then you can start to implement some of the strategies. This article provides a Quick Start to financial planning for a business. A business owner’s personal financial plan starts...

Top financial questions to prepare for a recession

January 31, 2023

The End-of-Life Checklist: 3 Things Everyone Needs to Have

When someone passes away, the surviving loved ones have a lot of work to do. With our decades of experience, we have created three checklists to simplify matters and reduce the stress. What to do when a loved one dies Family financial album Preparing for the end-of-life workbook Read on for links to the digital...

two person making tax optimization strategies

January 27, 2023

The Ultimate Guide to Planning for a Secure Retirement Income

Retirement is a time to relax and enjoy the fruits of your labor after a lifetime of hard work. However, ensuring that you have a secure retirement income is crucial for maintaining your standard of living and achieving financial stability. Planning for a secure retirement income can seem overwhelming, but with the right approach and...

Happy couple reviewing investment statement focused on equities

January 25, 2023

2022: The Year In Review

In 2022, most investments declined in value. This was the worst year in 95 years for bonds. It also saw a run-of-the-mill, average bear market for US and international equities. On the other hand, alternative investments, by and large, gained value in 2022. For the complete commentary, please email clientcare@assetsandincome.com (or contact our team...

Retirement planning and financial advising for 2023

January 11, 2023

New in 2023: Required Distribution Ages for Retirement Accounts

At the end of 2022, Congress passed over 90 new tax laws. One of the most important new rule changes is a change in the requirement to pull money out of your retirement account (IRA, 401k, etc.). The quick and easy way to remember the new rule is to remember the 1950’s. More on this...

Young boy considering his future financial goals

January 3, 2023

A New Year’s Proclamation

If you are anything like me, you are ready to put the year 2024 behind you and are looking forward to a fresh start in 2025! A new year brings reflection on the past as well as promise for the future. Among the most common are a new year’s resolution to make a change. My...

December 20, 2022

2022 is A Crisis that Shows Our Resilience

“The S&P 500 closed out 1972 at 118. As I write, in the runup to Thanksgiving, it has just closed above 4,000. Let me say that again: The S&P 500 has gone down by about half three times in your lifetime and is now up about 34 times since the eve of the first...