Decumulation Strategies: How to Withdraw from Your RRSP, TFSA, and Pension Wisely
This blog covers withdrawing from your RRSP, TFSA, and pension in retirement while minimizing taxes and preserving your savings.
What Bond Volatility and the Battle Over Fed Policy Mean for Investors
Just like in the stock market, greater uncertainty has led to swings in the bond market. These moves, driven by tariffs and a dispute between the White House and the Fed, have pushed interest rates and bond yields higher. While short-term volatility can often lead to unexpected results, it's important to remember that periods like these occur periodically, even if the causes are different each time. For bond investors, especially those who rely on their portfolios for income, the current environment may present both challenges and opportunities for their financial plans.
How Stock Market Ups and Downs Affect Your Retirement Savings—and What to Do About It
The stock market is constantly fluctuating, and while its ups and downs can be unsettling, they are an expected part of long-term investing. If you’re saving for retirement, these fluctuations can impact your portfolio’s value, but understanding how they work—and how to respond—can help you stay on track toward your financial goals.
Municipal Bond Portfolios: A Safe and Smart Investment for Savvy Consumers
In the vast world of personal finance and investment, municipal bonds often fly under the radar of average investors. However, these stable and tax-advantaged investment vehicles offer several compelling benefits, especially for those looking to build a resilient and predictable portfolio. So, what exactly are municipal bonds, and how can they work for you?
Tax Time Tipping Point: Navigating the Sunset of the Tax Cuts and Jobs Act and Year-End Tax Strategies Webinar Review
As the end of 2024 approaches, taxpayers and advisors find themselves at a pivotal moment—facing not just year-end planning pressures but also the looming sunset of the Tax Cuts and Jobs Act (TCJA). This sweeping legislation, enacted in 2017, brought significant changes to the tax code, many of which are set to expire in 2025. The countdown has begun, and the time to strategize is now. ClientFirst founder Ed Mahaffy recently held a webinar with estate and tax planning attorney Ashley Gill and CPA Ron Meyers to discuss what is changing and strategies to prepare for tax season.
Planning in the Year Leading to Retirement: A Comprehensive Guide
The time leading up to retirement can be filled with excitement, stress, and the undertaking of ensuring long-lasting financial stability. A year or less before making this transition is the time to evaluate your financial status, healthcare needs, and lifestyle plans. Regardless of the retirement you aim for, this approach is built to secure a smooth transition.