Constant communication with a Financial Advisor is vital for financial health and well being. Legislation is constantly changing and can impact many factors, such as your tax strategy, nursing home planning, and even health care costs.
Risk Tolerance is an important factor of your financial strategy and it is wise to assess risk regularly. The ideal timing for assessments is during market highs. Watch the video to learn more about Risk.
Heather talks about the importance of Life Insurance. It is not just for those you leave behind, it can also be an investment vehicle. Watch the video to find out what all should be considered when choosing a life insurance policy.
Heather Foster explains what a fiduciary is and what is means to work with one.
There are multiple things to keep in mind when getting your taxes done. Such as telling your tax preparer what portions of your IRA withdrawals were Roth Conversions or Qualified Charitable Distributions as it is not indicated on 1099s. Watch to find out more.
It is important to look at your finances holistically when planning for your future. A change in your investments can affect other aspects of your finances, such as which tax bracket you are in, Health Insurance (IRMAA/Health Care Subsidies), and more.
Heather discusses additional items to consider before the year end, such as charitable giving. This year you can give a $300 dollar charitable donation and take it as an above line deduction.
Heather talks about what needs to be considered for year end planning, one being the withdraw that The Cares Act allows this year. Check out the video to learn more.
Now is the time for year-end financial planning, don't wait! Required Minimum Distributions are not required this year. There are plenty of factors to consider before the year end.
Heather talks about what to keep in mind when investing in the stock market.
Heather addresses investment concerns based on the upcoming election and advises to not make sudden changes based on fear.
Heather explains why it is important to have a strategic financial planner.
It is always a good idea to get a second opinion when it comes to your money. It is especially helpful to talk to a holistic financial planner.
The important financial steps to take when a loved one passes away.
Heather Foster explains the benefits of starting early when it comes to planning for your retirement.
Heather Foster explains how additional income can effect Medicare premiums and what to consider.
Heather Foster explains why it is important to have tax strategies for after-tax investments when the markets go down.
Heather Foster explains the importance of holistic financial planning.
CARE ACT - for those affected by the Coronavirus pandemic, the CARES ACT waives the usual penalty for early withdraws (under 59.5) and allows them to spread out the tax liability.
CARES Act- waives ALL Required Minimum Distributions for 2020.
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