View Post

Briefcase Study: What Is Your First Memory Of Money?

In Articles, Articles: Kansas City Office, Briefcase Studies, Spring 2020, Tax Planning by Scott Dougan

What Is Your First Memory Of Money? A few years ago, I was talking with a man who was contemplating retirement. He and his wife had worked very hard for a long time and had accumulated considerable assets and carried no debt. As we ran and re-ran the numbers, tweaking and questioning all assumptions and variables, he continued to struggle …

View Post

If Taxes Rise In The Future, Are You Prepared?

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

Much has been written and said about taxes. Nobody likes paying them, but pay them we must. Few people would volunteer to have a detailed discussion about taxes, but here we are, deciding whether to keep reading or just hit delete and hope the next Weekly is of a kinder and gentler nature. In light of the un-exciting nature of …

View Post

The Home Improvement Dilemma

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

There must be something in the air. Maybe it’s just the home improvement stores’ relentless advertising. Or could it be that we’re getting excited for spring to arrive? Whatever it is, quite a few of you are gearing-up for big home improvement projects. But before the roofers start swinging hammers and the bathroom contractors begin ordering cabinets, a number of …

View Post

Secure Act Passed by Congress

In Articles, Articles: Kansas City Office, Tax Planning, Winter 2020 by Scott Dougan

What Steps Can You Take To Protect Yourself and Your Loved Ones? On December 19th, Congress passed a spending bill that includes seismic changes to IRAs and retirement plans. The SECURE Act will reshape how IRAs are handled both during life and after death, creating an enormous tax impact for families who don’t plan ahead. Congress and the President have …

View Post

2019 Fall Festival Results

In Articles, Articles: Kansas City Office, Winter 2020 by Scott Dougan

We are so thankful for the support we received at the 2019 fall festival. Not only did we have an opportunity to enjoy your company, great food provided by Charbar; really good beer from Boulevard Brewing Company… we also raised $12,015.00 to help grant the wish of a child diagnosed with a critical illness. In the United States and its …

View Post

Employee Spotlight: Julia Urquhart

In Articles, Articles: Kansas City Office, Team Spotlights, Winter 2020 by Scott Dougan

Julia Urquhart, Office Manager Julia grew up in the Kansas City area, attending Universities of Missouri – Columbia & Kansas City, where she studied Business with emphasis in Entrepreneurship, Marketing, and Psychology. When not working Julia spends her time running around with her thirteen year old step-son, Jonathon, and two rescue dogs, Rocky & Rosie.  She enjoys gardening, playing golf …

View Post

Briefcase Study: Pension Options

In Articles, Articles: Kansas City Office, Articles: Salt Lake City Office, Briefcase Studies, SLC Winter 2020, Tax Planning, Winter 2020 by Scott Dougan

A very common decision for current retirees to make, and one that we’ve seen a lot of recently, is that of which pension option to choose when preparing for retirement from your company, school, or municipality. You’ll see options such as Single Life Annuity, 50% Joint & Survivor Annuity, or Partial Lump Sum Option (PLOP). All of these options can …

View Post

Back to the Basics: Having A Budget Vs. Budgeting

In Articles, Articles: Kansas City Office, Articles: Salt Lake City Office, Back to the Basics, SLC Winter 2020, Tax Planning, Winter 2020 by Scott Dougan

One of the most critical – and often overlooked – aspects of planning a successful retirement is the estimating of expenses during retirement. The ability to project what your lifestyle will cost into retirement allows you to determine whether the nest egg you’ve accumulated will go the distance. When we approach this subject with aspiring retirees, we’re often met with …

View Post

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 …