Planning/preparing for retirement has many similar steps that you might take if you were planning a home improvement project or an extended vacation. Let’s look first at the home improvement project. The likely first step would be to determine the ultimate goal….an addition to a home, a bathroom remodel, or a kitchen upgrade. Once that […]
70% of people over 65 will need care at some point. 80% of elder care is provided in private homes….only 13% receive care in nursing homes 66% of those with chronic illnesses receive all of their care from family members…..only 9% receive all their care from paid caregivers….26% receive both paid and family care. 2/3
Stock that was sold for a profit can result in capital gains tax. Look over your portfolio and check if you own stock that has lost value…..you can offset the capital gain with a capital loss. If you own a small business and are having a prosperous year, consider purchasing a new business vehicle, equipment,
Other financial advisors may help your money grow, but they do not plan ahead to minimize taxes in retirement. Al Smith goes beyond mere asset management to help you create a written retirement plan that will withstand a stress test. You can’t predict the future, but you suspect taxes may go up by the time