Curtis Financial Planning

Retirement Planning

Single and Thinking About Retirement? Five Tips to Help You Get There

Most of us dream about the day that we can take a break. We envision a full, long-lasting retirement that is free of financial worries and packed with more of the things we enjoy spending our time on. Whether you’re planning to retire at the traditional age of 65 or you’re aiming to get there …

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Returning 2020 RMD’s To Avoid Taxation – New IRS Notice

One of the March 27, 2020 CARES Act’s key provisions was to waive the requirement to take Required Minimum Distributions (RMD’s) in 2020. This waiver is good news for retirees who don’t need the money but have to withdraw and pay taxes anyway. However, some people take their RMD, part or in whole early in …

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CARES Act Review Part II: Retirement Account Provisions

There are several retirement account provisions in the CARES ACT meant to reduce your tax liability or help with current cash flow or both. Here are the details: 1. RMD-REQUIRED MINIMUM DISTRIBUTIONS You don’t have to take your RMD (Required Minimum Distribution) for 2020, whether it be from an IRA (regular, Simple, SEP), inherited IRA, 401(k) …

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Being Single, Wanting to Retire Early, and Medical Insurance Options

Recent surveys have indicated that a big worry for baby boomers is how they are going to handle healthcare costs in retirement. This concern is paramount for those who want to retire early. For singles who want to retire early, there is no spousal insurance fallback. Single people need to get insurance to bridge the …

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Late-Career Women and Burn-Out or When Can I Retire?

Does this sound like you? – 50-60 ish, – have been working for 30-40 years, – salaried employee, – your boss is a pain, – co-workers are all 20-30 years younger than you, – some days are better than others, – someone asks: when do you want to retire? and you say “tomorrow.” If you …

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The Importance of Financial Education

It’s a well-known fact that America has a huge financial literacy problem. The causes of this lack of financial knowledge are often cited as a deficiency of personal finance education in schools or at home. Personally, I would love to see personal finance as a mandatory senior year high school course. I think it would …

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How To Make Sure You See All the Places On Your Bucket List

Americans love to travel. When I ask my clients what they want more of in their life now and later, the most common answer includes “I want to travel more.” And, many tell me that their travel spending is a non-negotiable expense. This wanderlust grows after retirement as the time constraint that existed while working …

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Financial Housekeeping: What To Do with Those “Old” 401(k)s

There is no shame in owning multiple  401(k) or 403(b) accounts—the fact that they exist indicates a commitment to retirement savings. What may bring on a twinge of guilt (and rightfully so) is the neglect of these accounts, such as ignoring how the money is invested and leaving quarterly statements unopened. Sound familiar? Rest assured …

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A Little Year End Tax Planning with Your Holiday Punch

Or,  8 Year End Tax-Related Deadlines and Things to Think About With the busyness of the holiday season, it’s easy to forget about things like tax planning. After all, we’d rather focus on having fun with our friends and family! However, there isn’t much you can do to improve your tax situation after December 31st …

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