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20 Dec 2019 The President Has Been Impeached

Posted at 09:14h in The Friday Brief by Ryan Smith, CFP®, RICP®, CTS™, MSFP

On Wednesday night, President Trump was impeached by the House of Representatives. The next step is for a vote to take place in the Senate, where a two-thirds majority is required to remove a sitting President. Given the Senate is controlled by Republicans 53-47, the...

15 Nov 2019 Is Saving to a 529 Plan Worth It?

Posted at 08:00h in The Friday Brief by Ryan Smith, CFP®, RICP®, CTS™, MSFP

A few weeks ago, Geoff and I were discussing whether it made sense for a potential client to contribute to a 529 plan (“college savings plan”) for their kids who were entering college in a few years. Yes, the gains would be tax-free, provided the...

18 Oct 2019 The Roth IRA: You’re Using It Wrong (Most Financial Advisors Are, Too)

Posted at 08:00h in The Friday Brief by Ryan Smith, CFP®, RICP®, CTS™, MSFP

Most Roth IRAs are used incorrectly. It’s not only some DIY investors that are getting it wrong, but, based on my experience, a good percentage of financial advisors, too. In order to understand why most are getting it wrong, it’s important to know the three primary...

13 Sep 2019 How Much Should You Save Each Year?

Posted at 09:46h in The Friday Brief by Ryan Smith, CFP®, RICP®, CTS™, MSFP

There’s ample research about how much you can safely withdraw from your portfolio once you retire. There’s less research about how much you need to save annually so you can retire (this is called your “savings rate”), probably due to the large number of variables...