Scott Krase, Author at Common Financial Sense

How to Fix a LATE START for Retirement with a PENSION PLAN for PROFESSIONALS and SMALL BUSINESS OWNERS

January 3, 2019

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Here’s the main problem: Many professionals like doctors, dentists, lawyers and small business owners often find they have spent so much time and effort developing their thriving practices and growing their profitable businesses that they just didn’t have the time to plan for their own personal retirement situation. However, many small business owners and professionals, […]

Planning Strategies

4 Reasons Women Should Consider ETFs

November 29, 2018

Women Can Do All | Common Financial Sense

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Watch the Video or Read the Article Let’s Face it, Women Control the Wealth! Here are the facts…. 51% or $14 trillion, of American personal wealth are now controlled by women.1 67% of women over 50 years old share in decision-making for finances with their spouses.2 Women will control about $22 trillion by 2020, […]

Planning Strategies

How to Pay Less Taxes in Retirement

November 25, 2018

How to Pay Less in Taxes | Common Financial Sense

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Taxes in retirement can fluctuate drastically from taxes while working full time. If you’re near retirement, you may be looking forward to the day when taxes get simpler. You could be disappointed. Everyone’s tax situation is different, but here are 6 tax issues you may encounter and ways to lessen their impact. Deductions May Disappear If your children […]

Thoughts from Scott

What’s the Deal With Annuities?

October 11, 2018

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Watch the Video or Read the Article “What’s the deal with annuities?” Jerry Seinfeld is an excellent comedian and his show Seinfeld used to start with his monologue about a certain topic and it always started with “What’s the deal with….” So, this week I wanted to cover a couple topics regarding annuities. First, […]

Planning Strategies

Tax Advantaged Retirement Plans: What You Need To Know

August 6, 2018

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The tax code is very complicated, but it also creates a number of strategies for you to keep more of your hard-earned money, especially if you’re putting it into retirement accounts. Uncle Sam is patient, but after a number of years of working and building your wealth, Uncle Sam wants his share of your retirement […]

Planning Strategies

The #1 Problem With Your 401k

May 21, 2018

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Watch and Listen Or Read Below. The #1 Problem with Your 401k (and by the way, it’s probably not your fault). Can you answer these questions about your 401k? What is my average annual return for the past 1, 3, 5, and 10 years? What is the real amount of risk I am taking […]

Market News

Should We Worry About Inflation?

March 10, 2018

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The markets sold off in February on concerns of runaway inflation. The fear now is that inflation will start to rise more quickly, potentially dampening growth or driving borrowing costs higher. That prospect panicked the markets in February, briefly sending stocks down more than 10% before investors recovered their nerve. The indicator that made the […]

Planning Strategies

6 Smart Strategies to Reduce Your RMD

February 2, 2018

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Saving for retirement and investing in tax-deferred accounts like your 401(k)s and IRAs is extremely helpful to reach your retirement goals. However, once you turn 70 1/2, Uncle Sam definitely wants his share, so he forces you to take withdrawals from those accounts or face a 50% penalty of the amount you should have withdrawn. […]

Planning Strategies

How to Pay Fewer Taxes in Retirement

January 9, 2018

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Congratulations! You have spent a lifetime working, saving, and now you have arrived at your retirement. Now all you have to do is become a tax expert. Preparing for paying fewer taxes in retirement is not easy. All of that tax differed growth from your traditional IRAs faces income tax. Yes, when you take a […]

Thoughts from Scott

Should You Fire Your Advisor?

October 22, 2017

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Watch the Video or Read the Blog Should You Fire Your Financial Advisor? Most investors don’t know how to ask this bold and straight-forward question. Here are comments and questions that many investors do ask themselves: “I have known my advisor for 20 years, but I don’t know if they’re doing a […]