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For most couples, each person has their own strengths. After 28 years of marriage, my wife and I have figured out our groove. We divide the responsibilities based on what we’re each naturally good at,...
As people get closer to retirement, one of the biggest questions they begin to ask is, “How should my money be invested?” In financial planning terms, this is known as asset allocation. At its core,
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Carroll Advisory Group is proud to call Texarkana, Texas, our home. We’re tucked into a modest but welcoming office just off Richmond Road. Most folks drive by and assume it’s just the entrance to Son...
Choosing to convert to Roth could be one of the most impactful moves you make in your retirement income strategy. But like any powerful tool, a Roth conversion can become costly, or even counterproduc...
When one spouse passes away, the surviving spouse often faces a painful financial surprise. Income may drop, but taxes and Medicare premiums can increase.
This is known as the widow’s tax penalty, a...
The QCD is a big deal. If you’re over 70½ or planning for the day you will be, don’t wait another day to understand how this strategy can work for you.
A Qualified Charitable Distribution (QCD) allow...
What if the very thing you trust most to protect your retirement is secretly setting you up for a crushing tax bill?
We’ve all been taught to use conservative assumptions when planning for retirement...
More people than ever are looking for one-time flat fee financial advice. But finding this type of service can still be surprisingly difficult. Most of the financial industry is built around long-term...
Is Social Security taxable? It is a question almost every retiree asks at some point. The answer is not a simple yes or no. It depends on how much other income you have coming in.
In this guide, I wi...
When you're building a retirement income plan in Boldin, or any other financial planning software, getting your budget right is arguably the most important step. Your budget forms the foundation for a...
Many of my readers know I’m a big fan of Boldin. For those unfamiliar, Boldin (formerly known as NewRetirement) is a retirement planning software that helps individuals build and test their own retire...
It takes a lot for market volatility to shake me. Over the past two decades, I’ve watched the market react to everything from housing bubbles to pandemics to flash crashes. Through it all, one truth h...
Retirement planning, uncomplicated.