On average, Social Security replaces about 40% of pre-retirement income, making it an important part of retirement planning. As financial planners we are often asked how Social Security works, how it is calculated and the type of claiming strategy we recommend. We wanted...
Real estate agents have financial obstacles and opportunities due to the very nature of how they are paid. Uneven cash flow and being self-employed can make saving for retirement difficult. Most realtors don’t have the advantage of a retirement plan sponsored by their employer and...
We are pleased to announce that Jennifer Sokolowski and Robert Sokolowski have successfully passed the rigorous CFP® examination! ...
Many generalizations have been made regarding the differences between millennials and prior generations. As a millennial myself, I think we often get a bad rap when our generation’s tastes and preferences are extrapolated out into sweeping statements designed to be click-bait headlines. How many articles...
Americans are still trying to understand the magnitude of changes from the 1101 page Tax Cuts and Jobs Act and how it will impact their income taxes. Less than 10% of individuals are expected to itemize deductions in 2018, down from almost 30% in...
If you or a family member are approaching the golden years you might be considering the option of a continuing care retirement community (CCRC). Also known as life plan communities they offer a range of residential units starting with independent living and increasing to...
All professions have their own language- terms unique to the industry that describe specific ideas to those who think about them each day. The financial services industry is not immune to this phenomenon. Although many advisors use such language simply out of habit, it often...
You probably are aware that 529 Plans throughout the country help families save for the high cost of college tuition while avoiding taxes on investment gains. However, the South Carolina 529 plan has even more to love. ...
As anyone who has ever sold a home can attest, the process is a mixed bag of emotions- excitement, nervousness and filled with bittersweet memories. While most sellers have adequate representation to help guide them through the process of the sale- realtors, real estate attorneys,...
The passage of the new tax law, the Tax Cut and Jobs Act (TCJA), ushered in a bevy of changes that tax professionals and the IRS are still working to interpret. While the bill was being debated in congress, there was substantial discourse regarding the...