A 401k is often one of the largest assets for retirees. A Roth conversion is one strategy some retirees consider to help manage future taxes and Medicare premiums. What is a Roth conversion? Money moves from a traditional 401k or IRA to a Roth IRA. Taxes are paid on the […]
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The One Big Beautiful Bill Act (OBBBA), signed in 2025, gives taxpayers 65 and older an increased standard deduction through 2028. Married filing jointly with both spouses 65+: extra $6,000 each, total $12,000 added to the base standard deduction. Single filers 65+: extra $6,000. No itemizing needed. Key planning considerations: […]
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As we approach the end of 2025, the IRS has rolled out updated contribution limits for various retirement and savings accounts, reflecting inflation adjustments and ongoing provisions from the SECURE 2.0 Act. These increases provide opportunities for savers to bolster their nest eggs, but they also require careful planning to […]
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It is our belief that true financial success isn’t just about growing wealth, it’s about keeping that wealth working for you over time. Client’s goals are typically specific to them and that is something we try to identify as the first step of our financial planning process. We have seen […]
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Roth conversions involve transferring funds from a traditional IRA to a Roth IRA, offering potential tax and retirement planning benefits. We want to outline the considerations of strategic Roth conversions, focusing on managing conversions to stay within your current federal income tax bracket, based on 2025 tax rules. Consult a […]
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Gabe Fransen | April 22, 2025 As financial advisors, We believe a clear financial plan can help anchor a family’s future, not chasing wealth or making bold predictions, rather making thoughtful choices that align with your goals. We think of it as a roadmap, guiding families through life’s changes while […]
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Gabe Fransen | November 20, 2024 The Social Security Administration has announced that Social Security and Supplemental Security Income (SSI) will increase 2.5% in 2025. The increase in benefits amount will begin in January of 2025. It has also been announced that the earning limit for workers who are younger […]
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Gabe Fransen | February 16, 2024 Transitioning jobs often involves leaving behind retirement accounts, such as a 401(k) provided by a previous employer. While it may be tempting to overlook these accounts amidst the flurry of change, neglecting them can lead to missed opportunities for financial growth. Let’s explore the […]
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Gabe Fransen | November 21, 2023 As we gather around our tables to give thanks this season, we extend our warmest wishes for a joyous Thanksgiving to you and your loved ones. In the spirit of gratitude, we’re reflecting on the many reasons to be thankful, especially when it comes […]
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