Commonwealth Independent Advisor

Saving for Retirement or a College Education: What’s More Important?

Posted by David Haughton, JD

April 29, 2020 at 11:00 AM

It’s a difficult choice: should parents focus on saving for retirement or a college education for their children? For many families, meeting one of these goals is a challenge, and juggling both can seem impossible. How, then, can you help your clients make the right decision or balance their priorities? The right choice, for many clients, will be clear. For the reasons I discuss below, most parents should make saving for retirement their priority. Let’s explore the financial planning issues at stake.

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Topics: Retirement Income Planning, Education Planning

Health Care Update: Expanded Medicare Advantage Benefits

Posted by Anna Hays, JD, LLM

February 25, 2020 at 10:00 AM

Health care is a big line item in the budget for most advisors’ clients, particularly those who are seniors (or closing in on that demographic). For this group, helping clients navigate their Medicare options has always been a major planning concern. Now, with expanded Medicare Advantage benefits in effect, you and your clients have additional information to evaluate, including a new open enrollment period.

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Topics: Retirement Income Planning

Can You Answer These Unusual IRA Questions?

Posted by Steve Johnian

February 18, 2020 at 10:00 AM

The rules and regulations for IRA-based retirement plans can get complicated. But, if you have clients with a significant amount of assets in retirement savings, you’ll want to be prepared to answer unusual IRA questions and help them steer clear of common errors. Here are a few you may encounter, with answers to help you be better prepared.

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Topics: Retirement Income Planning

NQDC Plans: Are the Advantages Worth the Risks?

Posted by Krista Teegarden

January 8, 2020 at 1:30 PM

Do you have highly compensated employees looking to reduce their taxable income or set aside additional money for retirement? With a nonqualified deferred compensation (NQDC) plan, you can help these clients accomplish both goals. Keep in mind, however, that there is some measure of risk to consider—unlike with other types of retirement plans, the money they’ve saved is dependent on the financial solvency of the employer. 

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Topics: Retirement Income Planning

6 Retirement Questions Financial Advisors Should Prepare For (And Every Client Should Ask)

Posted by Justin C. Duft, JD, CFP, CLU, ChFC, CLTC

July 9, 2019 at 10:00 AM

When it comes to planning for the future, clients will (understandably) have questions and concerns. As their advisor, you are in a position to guide them through the retirement planning process, helping them to make the best decisions for their specific needs and retirement goals.

But what will your clients want to know? How can you ensure that you are giving them the most relevant and valuable information? These six critical retirement questions are ones every financial advisor should prepare for (and every client should ask).

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Topics: Retirement Income Planning

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