Financial Planning

In October 2015, Congress passed the Bipartisan Budget Act of 2015 which included the “Closure of Unintended Loopholes” provision. This provision eliminates two Social Security retirement benefit claiming strategies available to married couples. Effective April 29^th, couples will no longer be able to “file-and-suspend” a worker benefit while collecting a spousal retirement benefit. People ages 66 to 69 have less than two weeks to be grandfathered in with the old file-and-suspend claiming rules.

Sadly one of the co-authors of The Millionaire Next Door was killed in an automobile accident this last March. While most people probably are not familiar with the name Thomas Stanley, millions have read the book he co-wrote with William Danko in 1996.

If you had to answer the question “What is your most valuable investment or asset class” what would you say? If you asked your friends and family, how would they respond? They may rattle off some hot stock they recently bought like Tesla, Apple, Facebook, or Netflix. You may respond that your career, company stock, or large U.S. stocks are the most valuable investments.

Nate creates another holiday financial poem: Frosty the Saver; Was a humble happy man; With a modest job; And 401K and; A written financial plan 

Nate pens another holiday financial poem: Every Who down in Who-ville saved and invested a lot…But the Grinch, Who lived just north of Who-ville, did NOT!

Nate writes his first holiday-themed financial poem: Twas the night before Christmas, a time full of cheer; As I started to reflect, on the events of past year...