Author archives for cbromm

    Traditional IRA, Roth IRA, tax/taxes/taxable

    Blog

    Should you invest in a Roth or Traditional IRA?

    Multiple retirement savings vehicles are available but having options can be overwhelming. Each option comes with different rules leading to a variance of outcomes in the short-term and long-term. It’s not that dissimilar to choosing what to eat.

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    planning through the decades

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    The Progression of Financial Planning Through Every Decade of Your Life

    Your career and lifestyle look completely different when you’re in your 20s compared to when you’re in your 60s – your financial focus and planning in each decade should follow suit. I’ve highlighted three financial tactics to focus on in each decade of your life starting with your 20s.

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    buying a car

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    How to Buy a Car Without Losing Your Mind (or Your Wallet)

    Having to buy a car is like having a sliver stuck under my fingernail. It’s painful and annoying, I know I have to deal with it, but it’s going to take forever. Might as well pack a lunch too, because the second you decide you want to test drive something they have you trapped.

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    estate planning, financial planning,

    Blog

    Why You Need a Will (and You Need One Today)

    Who wants to spend an afternoon thinking about their mortality? No one, which is why more than half of Americans don’t even have a will. The foundation of your estate plan is a Last Will and Testament. Without a will, you are leaving the disposition of your assets and the guardianship of your minor children to a court.

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    long term care planning

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    5 Reasons to Think About Long-Term Care Planning Today

    I once received an email from a family friend about long-term care insurance. He was frustrated over a premium increase – which wasn’t the first rate hike – yet, he was still thankful for the policy. Despite the rising cost, he knew the importance of long-term care insurance in helping protect himself and his family.

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    retirement planning, financial advising, Carson Wealth, Omaha, Nebraska

    Blog

    Retirement Planning: What Are You Waiting For?

    Almost half of households near retirement have nothing saved, and that’s a big problem. I believe the biggest headwind is merely getting started: saving money is hard to do. Life is filled with unpredictable events. Children, healthcare expenses and student debt exact a large toll on many Americans.

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    retirement security

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    Future Funding of Social Security Is A Pivotal Piece To Retirement Security

    You’ve probably heard of the three-legged retirement savings “stool.” The idea is that a quality savings plan for retirement starts with having three aspects of saving: personal savings, employer retirement savings and government-provided benefits.

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    Blog

    Took Their Ball and Went Home: Staying in Play with Job-Creators

    Valentine’s Day was tough on New Yorkers who hoped to benefit from the more than 20,000 new jobs from Amazon’s move there (not to mention all the additional jobs from construction and supporting the new employees).

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    Blog

    Tax Cuts and Jobs Act Changed Things More Than You Realize

    The Tax Cuts and Jobs Act made a lot of changes. It was the single largest tax reform bill in nearly 30 years. However, the impact of the TCJA might be a lot broader than most realize. Almost every small business owner in the country is impacted by a new tax deduction called 199A.

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