Home Financial Planning

Financial Planning

Your company offers a Flexible Spending Account (FSA) that allows money to come out of your check before taxes and then you use that money to pay for eligible out-of-pocket healthcare expenses. In 2022 you can contribute up to $2850. Great deal, right?   But there’s a downside to Flex Spending...
Alhambra's Bob Williams discusses Medicare's part in Long Term Care, and what to ask if you're considering long-term care insurance.
- A well-thought-out process for distributing your estate to people and institutions you wish to benefit.   When thinking about estate planning, your approach may be that of many Americans—distribute the estate to your kids as soon as possible after your death. That’s a workable plan for many. But it...
PROBATE—a word that strikes terror in the hearts of people planning the distribution of their estates. They worry that the probate process can drag on for months or years, that probate costs will eat up a chunk of what they want to leave their heirs, or that people will...
One of the questions that have to be answered when planning for retirement is, “Where’s my income going to come from.” Identifying the income is a necessary first step when you’re planning. But people often miss the second step—how much of that income will be taxed? Uncle Sam doesn’t...
Alhambra's Bob Williams describes 6 mistakes that will blow up your estate plan.
There have been a lot of significant additions to American society during the life of the Baby Boom Generation—TV remotes, cell phones, the internet, DNA fingerprinting, Viagra and… Gray Divorce. The overall national divorce rate has been going down for the past 20 years, but divorces among people 50...
Alhambra's Bob Williams answers a viewer question about deciding when to begin Social Security.
Every little bit helps, especially in the worst inflationary period in 40 years. But for people who have to take Required Minimum Distributions (RMD) from Traditional IRAs, Inherited IRAs, and Retirement Plans, there’s good news. Beginning in 2022, the amount you’re required to withdraw goes down meaning your tax...
For all the years I’ve been helping clients plan retirement, death has always been the 500-pound gorilla in the room—the variable you have to guess at—trying to make sure the client doesn’t run out of money before the grim reaper comes to collect them.   Oh, you can try to factor...