Financial Planning Blog

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2015 Year-End Planning Checklist

As we enter the last quarter of the year, it is time to begin your year-end planning. Set aside some time to evaluate your financial plan and consider potential opportunities. Effective year-end planning not only includes a review of the activities in the past year, but also creates an opportunity to leverage tax and financial planning techniques as they relate to new developments in the law.

In thinking about how you can make the most of the current tax laws without overlooking the basics, we have […]

By |November 5th, 2015|Annual Financial Checklist|0 Comments
  • Are Your Kids Delaying Your Retirement

Are Your Kids Delaying Your Retirement?

Some baby boomers are supporting their “boomerang” children.
Are you providing some financial support to your adult children? Has that hurt your retirement prospects?

It seems that the wealthier you are, the greater your chances of lending a helping hand to your kids. Pew Research Center data compiled in late 2014 revealed that 38% of American parents had given financial assistance to their grown children in the past 12 months, including 73% of higher-income parents.1

The latest Bank of America/USA Today Better Money Habits Millennial Report shows that […]

By |June 30th, 2015|Retirement|0 Comments
  • The New Gradual Retirement

The New Gradual Retirement

Working a little (or a lot) after 60 may become the norm.
Do we really want to retire at 65? Not according to the latest annual retirement survey from the Transamerica Center for Retirement Studies which gauges the outlook of American workers. It found that 51% of us plan to work part-time once retired. Moreover, 64% of workers 60 and older wanted to work at least a little after 65 and 18% had no intention of retiring.1

Are financial needs shaping these responses? Not entirely. While 61% […]

By |June 17th, 2015|Retirement|0 Comments
  • Debt

The Difference Between Good & Bad Debt

Some debts are worth assuming, but others exert a drag on retirement saving.
Who will retire with substantial debt? It seems many baby boomers will – too many. In a 2014 Employee Benefit Research Institute survey, 44% of boomers reported that they were concerned about the size of their household debt. While many are carrying mortgages, paying with plastic also exerts a drag on their finances. According to credit reporting agency Experian, boomers are the generation holding the most credit cards (an average of 2.66 per […]

By |May 5th, 2015|Debt|0 Comments
  • Common Deductions Taxpayers Overlook

Common Deductions Taxpayers Overlook

Make sure you give them a look as you prepare your 1040.
Every year, taxpayers leave money on the table. They don’t mean to, but as a result of oversight, they miss some great chances for federal income tax deductions.

While the IRS has occasionally fixed taxpayer mistakes in the past for taxpayer benefit, you can’t count on such benevolence. As a reminder, here are some potential tax breaks that often go unnoticed – and this is by no means the whole list.

Expenses related to a job […]

By |March 24th, 2015|Income Tax|0 Comments

New Year, New Thoughts About Retirement

The start of each year brings promise of new resolutions and for some, major life decisions, such as retirement. One big question for those nearing retirement is “will I have enough money to retire?” Retirement requires serious consideration given the financial and lifestyle changes that come with it. People are living longer these days and many soon-to-be retirees have valid concerns about whether their money will last through their later years. Not to mention, they also wonder when strategically they should take Social Security and […]

By |January 22nd, 2015|Retirement|0 Comments
  • Fall Financial Reminders

Fall Financial Reminders

The year is coming to a close. Have you thought about these financial ideas yet?
As every calendar year ends, the window slowly closes on a set of financial opportunities. Here are several you might want to explore before 2015 arrives.

Don’t forget that IRA RMD. If you own one or more traditional IRAs,you have to take your annual required minimum distribution (RMD) from one or more of those IRAs by December 31. If you are being asked to take your very first RMD, you actually have […]

By |November 10th, 2014|Annual Financial Checklist|0 Comments
  • Stock Market Volatility

Four Words You Shouldn’t Believe

These are the words that make investors irrational.

“This time is different.” Beware those four little words. They are perhaps the most dangerous words an investor can believe in. If you believe “this time is different,” you are mentally positioning yourself to exit the stock market and make impulsive, short-sighted decisions with your money. This is the belief that has made too many investors miss out on the best market days and scramble to catch up with Wall Street recoveries.

Stock market investing is a long-term proposition […]

By |October 22nd, 2014|Financial Outlook|0 Comments
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Six Keys to Serving Female Clients

As financial services firms and advisors seek to identify the demographic trends that will shape the landscape of our industry over both the near and long term, more and more of them have come to realize the growing prominence of women in our economy. Not only are more women working, but they are increasingly earning higher salaries. For the first time, females make up nearly 50 percent of the American workforce1, with the number of women earning $100,000 or more annually having gone up four […]

By |September 11th, 2014|Financial Advisor|0 Comments
  • orange county register financial advisor

Modern Wealth Advisors’ Anh Tran and Christine Tang Interview in Orange County Register

Advisors Finding Success in Diverse Environments

Home to abundant sunshine, spectacular landscapes and miles of beautiful beaches, Orange County is viewed by millions across the country and many more around the world as an ideal place to live.

While there is much to envy about the Southern California lifestyle, locals know what really makes Orange County so unique: the region’s rich ethnic and cultural diversity.

While it is home to the second-largest Vietnamese population in the world (behind only Vietnam), other ethnic groups are equally well-represented, including the […]

By |May 6th, 2014|Publications|0 Comments