The Social Security Formula

Currently, 1 out of 4 Americans over age 65 count on Social Security (SS) for 90% or more of their income.  And since an individual’s lifetime Social Security benefit can often total more than $1 million, it is worth considering variables that can alter this value. Beyond the obvious (make more money), individuals can delay

What’s a 529 ABLE Account?

Achieving a Better Life Experience (ABLE) accounts are meant to provide tax savings when covering certain living expenses for people who are mentally or physically disabled prior to age 26. ABLE accounts began late in 2014 and have not yet become well known in the community or among many advisers I talk with. In an ABLE

Small Business Retirement Plans

One benefit to being a small business owner is access to more retirement accounts than the typical 401k, IRA, and Roth IRA. While there are many options the three most attractive are the SEP IRA, SIMPLE IRA and Solo 401k. These three plans provide business owners a way to save more while providing a valuable

Annual Financial Checklist (May through August)

This is the second in our three part Annual Financial Checklist series. While not exhaustive, it will help you to continue to think proactively about stacking the odds for financial success in your favor. See our previous “January through April Checklist” for more ideas. May Look into College Scholarships: If you have a child in

4 Myths About Roth IRAs

“Is a Roth IRA right for me?” is a simple question with a complex answer. Even worse, myths and misconceptions surrounding Roth IRAs make them seem more complicated than they are. We’ll address the four most common rules covering withdrawals, contribution limits, home purchases, and taxes. Even if these rules don’t apply to you, it’s

Life Lessons: Mr. Early Achiever

I’ve never enjoyed waiting for things. Patience is a muscle I’ve had to exercise and strengthen, whether I’ve wanted to or not. Ironically, one of the hardest things to wait patiently for is “experience.” Of course, always looking for a more efficient way, I wondered if I could gather up others’ experiences and learn from

Our Most Read Blog Posts of 2017

Wrapping up our year, we wanted to make sure you didn’t miss out on our most read blog posts of 2017. We also want to say a big “Thank You!” for reading, sharing, and dialoguing with us along the way. If you have any suggestions for future topics, send them to us at Team@SmithPartnersWealth.com.  6