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Back to the Basics: Total Value

In Articles, Articles: Kansas City Office, Articles: Salt Lake City Office, Back to the Basics, Fall 2019, SLC Fall 2019, Tax Planning by Scott Dougan

So much attention gets paid to the growth (or decline) of the stock market that I fear we can become hypnotized by it and fall prey to sloppy fundamentals from time to time. How do I know this? Because many of the people we work with admit to receiving each investment statement and simply doing the ol’ “Is it up …

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Report: Planning for Your Retirement

In Retirement, Special Reports, Special Reports: Kansas City Office, Special Reports: Salt Lake City Office, Tax Planning by Scott Dougan

Planning for Your Retirement Develop Your Income and Spending Plan Retirement! Most Americans get excited about the day they no longer have to go to work to earn an income. No more bosses, no more meetings to attend, no more schedules to keep, no more stress that even the best of jobs can create. Retirement can be the beginning of …

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Briefcase Study: The Tax Torpedo

In Articles, Articles: Kansas City Office, Articles: Salt Lake City Office, Briefcase Studies, SLC Summer 2019, Summer 2019, Tax Planning by Scott Dougan

In a recent meeting with a family we serve, the conversation – as it often does – turned to Social Security. The question was, once again, whether it was best to begin receiving Social Security benefits at age 62 or wait until age 66 and 6 months, their Full Retirement Age (FRA) with Social Security. I was reminded how important …

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Love Is A Verb: Caring For Others By Helping Them Plan

In Articles, Articles: Kansas City Office, Articles: Salt Lake City Office, Tax Planning by Scott Dougan

A friend’s grandmother, Mary, recently passed away at the age of 99. A kind, service-oriented woman who packed two lifetimes into her one, she exemplified what it means to have lived a good life. It’s clear that she served others, and living to 99 required that she also be served. If there’s any doubt that love is action, you should …

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Report: Proactive Retirement Planning

In Retirement, Special Reports, Special Reports: Kansas City Office, Special Reports: Salt Lake City Office, Tax Planning by Scott Dougan

The New Secure Act & Proactive Retirement Planning The House of Representatives passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act on May 23. The next step is to pass through the Senate and be signed by the President. With strong bipartisan support and the Senate already considering changes for retirement plans, industry expert Bob Keebler (CPA, MST of …

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Healthcare May Be Broken, But Your Retirement Plan Doesn’t Need To Be

In Articles, Articles: Kansas City Office, Articles: Salt Lake City Office, Tax Planning by Scott Dougan

Live on less than you earn, pay less interest on debts than you receive on your assets, mind your taxes, and you’ll be fine. It sounds so simple, and it is. Similarly, eat fewer calories than you burn, exercise regularly, avoid running red lights in your car, and you’ll be fine. It sounds so simple, and yet it’s not. Why? …

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Briefcase Study: Those Pesky Remaining Debts

In Articles, Articles: Kansas City Office, Briefcase Studies, SLC Spring 2019, Spring 2019, Tax Planning by Scott Dougan

Before retirement, most people would like to pay off any remaining debts, so they can feel good going into that next phase of life all tidied-up. That makes a lot of sense, both financially and psychologically. In a recent meeting, we not only discussed this but put a plan together that was well received by the family, so we thought …

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Is Estate Planning Only For Rich People?

In Articles, Articles: Kansas City Office, Articles: Salt Lake City Office, Investment Management, Tax Planning by Scott Dougan

I recently had the pleasure of teaching two classes called ‘Your Retirement And Taxes.’ In the classes, we sought to deepen our understanding of how our tax system works as it pertains to investments and income sources, as well as consider some strategies available to a retiree to pay only their fair share of taxes during retirement. While the subject …

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Report: Funding Your Retirement

In Special Reports, Special Reports: Kansas City Office, Special Reports: Salt Lake City Office, Tax Planning by Scott Dougan

It’s extremely important that we all take our retirement into our own hands. The concept of not preparing and relying on a government-sponsored retirement is not the best plan. Financial woes combined with the fact that the U.S. population is continuing to age, means that there are fewer working-aged people remaining to contribute to our social security systems. On a …