by Micah Porter | Aug 16, 2018 | Blog, Near Retirement, Retirement Planning
A pretty common stereotype when it comes to retirement is the overworked, underpaid worker who would retire immediately and pursue the Island Life if they only could. And while I have worked with some clients whose immediate answer was “tomorrow” when I asked when... 
by Micah Porter | Aug 3, 2018 | Blog, Near Retirement, Retirement Planning
In a previous post, I took a look at Medicare Parts A & B, which cover many types of inpatient care along with what are generally defined as medically necessary services. In this post, I’ll examine Part D, which is the portion of Medicare that covers prescription... 
by Micah Porter | Jun 27, 2018 | Blog, Near Retirement, Retirement Planning, Tax Planning
The IRS not only wants you to pay what you owe but in many instances, they don’t want you to wait until the end of the year to do so. If your primary income is a salary from an employer, this is pretty simple. Just make sure you get your withholding correct, and you... 
by Micah Porter | May 24, 2018 | Blog, Retirement Planning
Early on in my career, clients would ask where I thought the market was headed, and I felt obliged to answer these questions on market movements. Valuations were high, I would explain, or I might point to the most obvious risks in China, or with U.S. interest rates or... 
by Micah Porter | Apr 6, 2018 | Blog, Federal Government Employees, Near Retirement, Retirement Planning
Several weeks ago, I worked with a couple who wanted to retire early. At first glance, they seemed well situated to do so, as they had both worked as teachers for decades and they would thus both have a healthy pension. However, when I put together the plan, I found... 
by Micah Porter | Mar 28, 2018 | Blog, Emory Employees, Federal Government Employees, Retirement Planning
I recently completed work with a client who was considering switching jobs. It was an interesting case, as the switch involved moving from a job with a pension plus a 401k-like retirement plan to a job with either a pension or a 401k-type plan. The primary question... 
by Micah Porter | Mar 14, 2018 | Blog, Near Retirement, Retirees, Retirement Planning, Savings, Tax Planning
In last week’s post, I covered a few things you should consider in setting up withdrawals from your portfolio in retirement. One of the considerations was planning for taxes, and more specifically, how you can impact your tax liability from year-to-year by choosing... 
by Micah Porter | Mar 8, 2018 | Blog, financial plans, Near Retirement, Retirement Planning
One of the most common questions clients ask when doing their retirement planning is how portfolio withdrawals will work. Saving is something most clients have done for years, but reversing the flow brings up a host of questions. Financial advisors, in our typical... 
by Micah Porter | Oct 25, 2017 | Blog, Retirement Planning, Tax Planning
Unless you are extremely wealthy, there aren’t many tax shelters available to you and healthcare costs are likely a rising concern. For both of those reasons, I am a big fan of Health Savings Accounts (HSAs). The HSA is one of the few avenues available to shelter...