blog

Health Savings Accounts, also known as “HSAs” are a popular tool for making tax deductible contributions to an account that can be used for eligible health care expenses, now or in the future. HSAs can be opened by anyone with what is considered a “High Deductible Health Plan” or “HDHP” (see definition below). Contribution limits

read more

On the July 26th edition of Freakonomics Radio titled “The Stupidest Thing You Can Do With Your Money“, Nobel laureate Eugene Fama and Kenneth French (among others) share their thoughts on using low-cost index funds for investing. Both Fama and French are on the Board of Directors of Dimensional Fund Advisors the mutual fund company that Milestone

read more

When you think of “Estate Planning”, most people think of wills, trusts, advanced directives, powers of attorney and other important documents you need at the end of your life. However, some of the most important estate planning that you can do doesn’t require an attorney. It only requires that you assign beneficiaries to  your assets

read more

When we talk to our clients about what they plan on doing during retirement, many have a fairly long “bucket list”. Travel is often near the top of the list, as is donating time towards a cause they are passionate about. As we have found out through the experiences of a few of our clients,

read more

Sometimes you may have a year with unusually low income.  Often times there is a period of years after you have retired when your income is unusually low.  You no longer have a large salary and you are not yet required to take distributions from your IRA/401k (until age 70.5).  This is particularly true if

read more

As of late 2014, you can now (sometimes double) your retirement contributions and, best of all, roll the increase to your Roth IRA when you leave employment. Your employer’s plan and your cash flow has to allow for this, but here is how it works: Your “regular” 401k contributions can be as much as $18,000

read more

Pension Max

Much has been written on pension maximization strategies – if you are married, should you take the higher single life pension and buy life insurance for your spouse, or should you take the lower amount which guarantees your spouse a pension for life? If your pension is guaranteed to increase for inflation, that is going

read more