Should I Pay off My Mortgage or Invest?

One of the most common questions facing families and individuals is whether to accelerate mortgage payments and forego the potential mortgage interest deduction or borrow as much as possible, make minimum debt payments, and save for retirement.  Simply, is it better to save or pay off debt?  The question comes in a variety of flavors: [...]

Opportunity for High Income Earners – the Backdoor Roth Conversion

This week, five years ago, was a period that financial journalists dream about.  We were ushering in the new year of 2010 and significant impending tax law changes provided a bevy of important topics that consumers needed help navigating.  There was the elimination of federal estate and gift tax, the return of IRA required minimum distributions [...]

Cheap Fouls and Unnecessary Insurance

Players in a college or high school basketball game are limited to 4 fouls and disqualified from competition upon receiving 5 fouls.  This limitation is intended to discourage players from consistently fouling to maintain the pace of play. In basketball, there are good fouls and bad fouls.  A good foul could be the result of commendable [...]

The Best Retirement Plan for Self Employed Individuals

In financial planning, the right answer to most seemingly simple questions is nearly always “it depends”.  How much life insurance do I need?  Should I contribute to a traditional 401k or a Roth 401k?  Should I use a will or revocable trust for my estate?  How much can I plan to safely distribute from my [...]