Blog
A Non-Traditional Financing Strategy.... You've Probably Never Heard About
Traditional loans can be expensive…there may be a smarter way. If you are considering purchasing a new home, a hybrid approach may help you manage costs while keeping your investments intact. Instead of the traditional route, you may be...
Read MoreAccessing Liquidity Without Disrupting Your Plan
Athletes and coaches, you may need liquidity suddenly: - New housing - Career shifts - Off-season - Relocation - Training costs - Taxes. Selling investments to cover these may trigger taxes and potentially reduce long-term growth...
Read MoreAthletes: Elite Performance Demands Elite Capital Structure
Athletes, there may be a smarter alternative to high-cost contract advances. Some of you may have turned to contract advances to access cash by borrowing against the value of your future earnings. But, there is an alternative strategy...
Read MoreAthletes: There May Be a Smarter Alternative.
Athletes, are contract advances really your best option? You may have used contract advances to access cash quickly, but these often come with: - Repayment tied directly to your future paychecks - Reduced flexibility and control over...
Read MoreAccess Liquidity Like An Institution
A lending strategy you’ve probably never heard of… With a box spread you may be able to: - Borrow at potentially lower rates - Access cash faster - Potentially not increase your monthly payments - Avoid unnecessary taxes from selling...
Read MoreShow All
The Wall Street Strategy Most Investors Never Hear About
Wall street has been using this strategy for decades… You may think that accessing cash means taking out a personal loan, HELOC, SBLOC, PAL, margin loan, or selling investments. These options may come with: - High interest rates -...
Read More
The Importance of Having a Plan
Concerned with the current market volatility? Having a plan in place can help alleviate the stress and worry. Take the time to create a plan, you deserve it. We help our clients create plans to obtain more peace of mind (especially...
Read More
Spousal IRAs
Looking to maximize your family’s retirement savings? Consider a spousal IRA. This lets couples save for retirement even if only one spouse has earned income.
Read More
Invest or Pay Down Debt?
Invest or pay down debt? That is a popular question and ultimately not a one size fits all approach.
Read More
5 Risks Retirees Face
What things are you doing now to help mitigate these risks?
Read More
Location of Your Emergency/Comfort Fund
Majority of people do not have an emergency/comfort fund, but for those that do, the next thing to consider is where to place it.
Read More
Your Emergency/Comfort Fund
I am often asked how much is enough. The general rule of thumb is to have 3-6 months of your expenses saved. This amount varies though, as each situation is different. A few things to consider: Are you single? Married? Kids? How steady...
Read More
Tax Refunds
Don’t celebrate just yet. Getting a hefty tax refund may feel like a win, but let's break it down. Essentially, it means you've been giving the government an interest-free loan all year. Think of it this way. If you went to your bank...
Read MoreIRAs & Roth IRAs
Understanding IRAs & Roth IRAs. Both are quite different so let’s dive in.
Read More
Solo 401(k)
By implementing, you could potentially save yourself tens of thousands of dollars in taxes over your lifetime. Who is eligible? Business owners...
Read MoreDisclosure
Retirement Planning Solutions, LLC is an SEC registered investment adviser. SEC registration does not constitute an endorsement of Retirement Planning Solutions, LLC by the SEC nor does it indicate that Retirement Planning Solutions,...
Read MoreMEGA Backdoor Roth
An underutilized, often unknown, retirement savings strategy that allows you to contribute more money to your Roth IRA than the annual limit. On top of that, this strategy allows those who are ineligible to directly contribute to a...
Read More
Tax Deduction vs Tax Credit
Tax season is upon us so let’s break down the differences as they are often misunderstood. Tax deductions: Think of these as expenses you subtract from your income, helping to reduce your...
Read More
Tax Diversification
Why is tax-diversification important? Not all money is taxed the same, therefore understanding the order of how money is taxed is crucial. Depending on the account, it falls into 1 of 3 buckets.
Read MoreBenefits & Features of Taxable Brokerage Accounts
Unlike retirement accounts, taxable brokerage accounts do not offer upfront tax benefits such as the ability to tax a deduction now, like with IRAs, nor do you get to enjoy tax free...
Read MoreHealth Savings Account
A powerful tool for financial planning. Do you know the benefits? 30,000ft view.
Read MoreThe 8th Wonder of the World
Starting to invest early helps to supercharge your retirement savings. How? Because time is your friend and your greatest asset with investing. The earlier you start, the more time you allow...
Read More
Backdoor Roth IRA
This strategy allows high-income earners to get money into a Roth IRA even though their income exceeds the limits. Allowing them to reap the benefits that come with Roth IRAs.For example, single filers in 2024 who make over $146,000...
Read MoreJanuary 11, 2021 - Markets Start 2021 on a High
The Week on Wall Street Shrugging off COVID-19 infections and the disruption at the Capitol on January 6, stocks powered higher to kick off a new year of trading.The Dow Jones Industrial Average gained 1.61%, while the Standard &...
Read MoreJanuary 4, 2021 - The Year in Review
The Week on Wall Street Stocks moved higher during a holiday-shortened week of trading, capping off a turbulent, but otherwise strong year for equity investors. The Dow Jones Industrial Average gained 1.35%, while the Standard &...
Read MoreDecember 21, 2020 - Vaccine Rollout Spurs Markets
The Week on Wall Street Stocks climbed higher amid the COVID-19 vaccine rollout and an improving outlook for a fiscal stimulus bill.The Dow Jones Industrial Average, which has lagged all year, gained 0.44%. The Standard & Poor’s 500...
Read MoreDecember 14, 2020 - Cases Rise, Stocks Retreat
The Week on Wall Street Stocks retreated last week on rising COVID-19 infections and slow progress on an economic relief bill. The Dow Jones Industrial Average dipped 0.57%, while the Standard & Poor’s 500 dropped 0.96%. The Nasdaq...
Read MoreDecember 7, 2020 - Is Stimulus Near?
The Week on Wall Street Stocks marched higher last week on an improving outlook for the passage of a fiscal stimulus package. The Dow Jones Industrial Average rose 1.03%, while the Standard & Poor’s 500 tacked on 1.67%. The Nasdaq...
Read MoreNovember 30, 2020 - Dow Hits 30,000
The Week on Wall Street Stocks surged last week, ignited by another COVID-19 vaccine announcement, encouraging economic data, and the easing of political uncertainty.The Dow Jones Industrial Average rose 2.21%, while the Standard &...
Read MoreNovember 23, 2020 - New Infections Increase Anxiety
The Week on Wall StreetDespite news of another COVID-19 vaccine candidate, stocks were mixed amid investor anxiety over an increase in new infections and economic lockdowns.The Dow Jones Industrial Average fell 0.73%, while the...
Read MoreNovember 16, 2020 - Vaccine Triggers Rally
The Week on Wall Street News of a COVID-19 vaccine ignited a rally in economically sensitive stocks and a broad retreat in technology companies last week, though enthusiasm was tempered by reports of rising new infections and fresh...
Read MoreNovember 9, 2020 - Markets React to Election
The Week on Wall Street Stocks soared last week as investors anticipated that a split Congress would raise legislative hurdles to changing corporate taxes and adjusting regulatory oversight of big technology companies.The Dow Jones...
Read MoreNovember 2, 2020 - No Stimulus, Stocks Lag
The Week on Wall Street Stock prices dropped last week as hopes for a fiscal stimulus bill faded and investors focused on rising COVID-19 infections, here and abroad. The Dow Jones Industrial Average slid 6.47%, while the Standard &...
Read MoreOctober 26, 2020 - No Stimulus, Stocks Lower
The Week on Wall Street The failure to reach an agreement on a new fiscal stimulus bill soured investor sentiment and sent stocks modestly lower for the week. The Dow Jones Industrial Average fell 0.95%, while the Standard & Poor’s...
Read MoreOctober 19, 2020 - A Difficult Week for Stocks
The Week on Wall Street Stocks treaded water last week amid fading prospects for a stimulus bill, fears of a second wave of COVID-19 cases, and increasing political and regulatory pressures on Big Tech companies.The Dow Jones...
Read MoreOctober 12, 2020 - Stocks Rise, Stimulus Uncertain
The Week on Wall Street Stocks staged a powerful rally last week, riding a wave of optimism over the prospect of the passage of a new fiscal stimulus bill.The Dow Jones Industrial Average rose 3.27%, while the Standard & Poor’s 500...
Read MoreOctober 5, 2020 - Special Update: Quarterly Report
The Week on Wall Street Stocks advanced last week, propelled by hopes that legislators may reach an agreement for a new fiscal stimulus package and optimism generated by a few corporate deal announcements and initial public offerings....
Read MoreSeptember 28, 2020 - Stocks Mixed Amid Uncertainty
The Week on Wall Street Stocks were mixed last week as worries that stretched from Washington D.C., where prospects of a new fiscal stimulus bill dimmed, to Europe, which saw an increase of new COVID-19 cases.The Dow Jones Industrial...
Read MoreSeptember 21, 2020 - Tech Sector Slip Continues
The Week on Wall Street Stocks slipped as the technology sector remained under pressure and a mid-week announcement by the Federal Reserve failed to inspire investors.The Dow Jones Industrial Average declined 0.03%, while the Standard...
Read More