Year End Financial Planning Tips
As 2024 comes to a close, investors should consider these year-end planning tips: Maximize Retirement Contributions Maximizing retirement contributions can reduce your tax bill and boost your retirement savings. 401(k): In 2024, employees can contribute up to $22,500 to a 401(k), with an extra $7,500 allowed for those aged 50 and over. Most 401(k) plans […]
Read ArticleHow Long-Term Care Insurance Can Add Value to Your Financial Plan
If you’re under age 50, it may be difficult to imagine your health condition and medical needs decades into the future. However, when analyzing the need and benefits of long-term care insurance, perhaps it’s easier to recall a personal experience with a parent or grandparent who needed long-term medical assistance later in life. The financial […]
Read ArticleHow to Address the Three Financial Planning Questions We All Ask
It can be easy to lose track of your personal financial planning, budget, and income in the hustle and bustle of life. On The John Chapman Show, John discusses how this oversight, as well as not working with a financial advisor, can often lead to stress and the three common financial planning questions we’re all […]
Read ArticleWhat Is a Deferred Sales Trust and Why You May Consider One
If you’re not familiar with a Deferred Sales Trust (DST), you’re not alone. While it may be a relatively unknown strategy, a DST, similar to an installment sale, can help mitigate significant tax liability for certain individuals. Primarily used by business owners and real estate investors, the proprietary tool is a flexible and valuable way […]
Read ArticleWhy Young Families Should Focus on These Three Areas to Pay for College
As many students prepare for their next chapter, you may be hearing conversations about college applications and acceptances rolling in. Even if you still have young children, these topics may have you wondering about the high cost of college, if you can afford your child’s preferred school, and how you’ll begin to save and pay […]
Read ArticleWondering About Cryptocurrency?
The emerging asset class of cryptocurrency seems to be all the rage—but since it’s so new and so different, it’s being met with plenty of skepticism from investors. Do you have questions about it? Realizing many of his clients wonder about it, WorthPointe advisor John Chapman dedicated a recent podcast to the dynamics of cryptocurrency, […]
Read ArticleHow to Shift Your Money Mindset From Fear Toward Stewardship
As part of human nature, many of us are hard-wired to generally feel fear or greed around money. The pandemic amplified these emotions as we worried about our health, family’s security, and finances. When the pandemic began in March of 2020, the stock market fell sharply, only to come roaring back months later with newly […]
Read ArticleHow Should You Be Helping Your Aging Parents?
If your parents are over age 75, it might be time for you to provide some assistance to them. Yes, this is tough. Nothing in life has properly prepared you to address the issue of what kind of help you should be providing to your aging parents. There’s certainly a lot to consider, including knowing […]
Read ArticleShould You Consider A Backdoor Roth Conversion?
A recent episode of The John Chapman Show featured a conversation with fellow WorthPointe advisor Matt Addington, CFP® about backdoor Roth conversions — a follow up to a previous episode where the pair talked about Roth conversions in general. During the show, John and Matt talk about the why behind wanting to have a portion […]
Read ArticleEducate Yourself On Senior Housing Options for Your Loved Ones
WorthPointe advisor John Chapman talked with Senior Care Authority founder Frank Samson about finding the best option for senior housing and care on the latest episode of The John Chapman Show. In addition to stressing the importance of being educated before facing a crisis, the podcast focuses on the differences and pros and cons of […]
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