Insights

Most people understand, at least in theory, that they should have an estate plan. They know they probably need a will and they may have heard the word "trust" mentioned in a financial article or across a dinner table. And yet the majority of American adults have never actually sat down and done the work.

If you earn a strong income, you may already know the sting of the Roth IRA income limit. You sit down to make your annual contribution and discover that the IRS has effectively locked the door due to your income being too high to contribute directly to a Roth IRA.

You spent decades building a federal retirement package that most workers would envy (a pension, a TSP, Social Security, and a FEHB health plan that follows you into retirement). What a lot of federal employees don't fully reckon with, though, is that the IRS is going to take a meaningful piece of that income.

Medicare enrollment is one of those topics that tends to get put off. The rules are specific, the terminology is unfamiliar to many, and there are enough moving parts that most people are not sure where to start. The good news is that once you understand the basic timelines and what drives them, the process is quite manageable. This post outlines the enrollment periods you need to be aware of, the consequences of missing them, and the process for signing up when the time arr

For pre-retirees in their 50s and 60s, a higher tax bill is sometimes the smartest move you can make. Here is why the conventional wisdom of always minimizing taxes may be working against you.

One of the most common surprises retirees face is learning that their Social Security benefits may be taxable. Many clients come to me with the assumption that Social Security is simply a return on a lifetime of contributions, money they already paid taxes on, and therefore should be tax-free. Unfortunately, that is not how the IRS sees it.

You chose a career in federal service. That means you have access to one of the most comprehensive retirement systems in the country — a three-legged stool that, if you understand it and use it well, can give you a genuinely secure retirement. The problem is that many federal employees spend decades accumulating benefits they barely understand. Whether you're five years into your career or approaching your final stretch, here's what you actually need to know.

Medicare is more complex than most people expect. Many people approaching retirement assume Medicare works like a single, simple insurance policy; you turn 65, you sign up, and you're covered. The reality is quite different. Medicare is a multi-part system, and the choices you make at enrollment can affect your costs, access to providers, and financial exposure for years to come. Knowing how each piece works will put you in a much better position when enrollment time arrives.