Category: Retirement

Financially, many of us associate the spring with taxes – but we should also associate December with important IRA deadlines. This year, like 2021, will see a few changes and distinctions. December 31, 2022, is the deadline to take your Required Minimum Distribution (RMD) from certain individual retirement accounts.    April 15, 2022, is the deadline … Continue reading “IRA Deadlines Are Approaching”

Why are they made again and again?  Much is out there about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, some classic financial missteps plague individuals, or as we say, the Middle-Class Millionaires.   Calling them “mistakes” may be a bit harsh, as not all of them represent … Continue reading “Retirement Preparation Mistakes”

For many, the new year is a time of renewal and reinvention, which makes it the perfect time to optimize your personal finances for 2022 and beyond. What financial, business, or life priorities do you need to address in the new year? Here are some ideas on how to get started: Review your financial plan. … Continue reading “Eight Money Moves to Jumpstart Your Financial Health in 2022”

Is it time to contribute more? Preparing for retirement for Middle-Class Millionaires just got a little more financial wiggle room. The Internal Revenue Service (IRS) recently announced new contribution limits for 2022. Staying put for 2022 are traditional Individual Retirement Accounts (IRAs), with the limit remaining at $6,000. The catch-up contribution for traditional IRAs remains … Continue reading “2022 Contribution Limits”

Health Savings Accounts, called HSAs for short, function differently than most other kinds of accounts. We call them financial planning “unicorns” because of how differently they’re handled from a tax and estate planning standpoint. During your lifetime, an HSA can be a very effective savings tool for funding medical expenses, especially since the IRS allows … Continue reading “Managing your Health Savings Account Effectively in your Estate Planning”

Should you withdraw and reinvest your retirement plan money while you are still on the job? Did you know you may be able to take your 401(k), 403(b), or 457 plan and roll it into another type of retirement account while you are still working? We often have clients here at Kendall Capital wondering if … Continue reading “The Pros and Cons of Early Retirement Plan Rollovers”

Since the 1980s, unemployment rates have trended higher amongst men than women during a recession. In previous periods of economic downturn, this made sense. Male-dominated industries like construction and finance were the sectors most heavily impacted by a recession, when trade and industrial activity declines. But with the onset of COVID-19, we’ve seen a shift … Continue reading “How COVID-19 Caused a “She-Cession””

Study suggest that these relationships can make a difference.   What is a relationship with a financial professional at Kendall Capital worth to an investor? We get this question a lot when we start a relationship with our middle-class millionaire clients here at Kendall Capital. A 2019 study by Vanguard, one of the world’s largest money … Continue reading “Measuring the Value of a Financial Advisor at Kendall Capital”

The process of making healthy changes is all about encouraging good habits in ourselves. Taking the stairs instead of the elevator, eating at home instead of eating out… every little good habit you can pick up along the way helps. Well, the same goes for making healthy financial changes. Good money habits are worth mindfully … Continue reading “Habits of Successful Clients”

Think about these factors before you leave work for the last time. Retirement planning is not entirely financial. Although we help our Middle-Class Millionaire clients with their financial plans and wealth management to ensure a happy and fulfilling retirement, the degree of happiness in your “second act” may depend on some factors that aren’t just … Continue reading “Retirement Questions That Have Nothing to Do With Money”