Navigating Inherited Stock: Understanding Step-Up in Cost Basis
Wednesday, March 13
Inheriting stocks can be both a bittersweet and financially intricate experience. While the passing of a loved one brings about emotional challenges, inheriting assets like stocks introduces its own set of financial considerations. Among these considerations is the concept of the step-up in cost ...
SEP IRA vs. Solo 401(k) for Real Estate Agents
Tuesday, March 12
As a real estate agent working under a 1099 contract, planning for retirement might not be at the forefront of your mind amidst the hustle and bustle of property transactions and client meetings. However, securing your financial future is crucial, and choosing the right retirement plan is a pivot...
Welcome to The Financial Planning Forum Blog!
Wednesday, March 06
Welcome to "The Financial Planning Forum," your go-to destination for expert insights, practical advice, and actionable strategies to navigate the complex world of financial planning. Whether you're just starting your journey toward financial security or looking to fine-tune your existing plans, ...
Why Checking Your Social Security Statement Is Essential
Tuesday, March 05
As you navigate through the complexities of financial planning, there's one document that often goes overlooked: the Social Security statement. This seemingly mundane piece of paper holds crucial information about your future benefits, making it imperative to review it regularly for accuracy. Ign...
Hidden Pitfalls of Holding Real Estate in a Self-Directed IRA (SDIRA)
Monday, March 04
Investing in real estate can be a lucrative endeavor, offering the potential for long-term appreciation and steady income streams. And with the rise of self-directed IRAs (Individual Retirement Accounts), many individuals have sought to diversify their retirement portfolios by incorporating real ...
The Importance of Periodic Financial Check-Ups: Why Working with a CFP
Friday, March 01
The Importance of Periodic Financial Check-Ups: Why Working with a CFP® Matters In the hustle and bustle of daily life, it's easy to let financial planning take a back seat. We often find ourselves caught up in immediate needs and desires, neglecting the crucial task of ensuring our financial wel...