Inheriting an IRA is quite a bit different than inheriting any other asset. Unlike cash or investments in a traditional investment account, if you inherit an IRA you’ll need to start withdrawing from the account…
Read More
Essential Financial Moves for New Parents
You’ve heard it before: life changes once you have kids. As the proud parent to a six month old baby boy, I can attest that the rumors are true. Having kids brings a quite a…
Read More
Entrepreneurship as a Means to Financial Independence
Today’s post is another on the topic of financial independence. We’ve had several of these recently, but since that’s the focus of this blog I guess that’s not surprising. Rather than discuss the fundamental components of…
Read More
How the Trump Presidency Could Affect Your Finances
Recently I’ve had a few questions from clients and readers about what they should be looking out for now that we have a new president in office. As you know, Mr. Trump has had a pretty…
Read More
The Role of Insurance in the Pursuit of Financial Independence
Executive Summary: There are many unfortunate things that can happen to us that risk our pursuit of financial independence. Some of them we can manage & control, others we can’t. For the “stuff” out there…
Read More
Social Security Reform Under a Trump Presidency
With Donald Trump now in office, there are a lot of people approaching retirement who are concerned about the state of Social Security. With Mr. Trump initiating drastic reforms in other areas of the government, the…
Read More
Money-Centered vs. Happiness-Centered Living
Today’s post is going to fall a little more on the abstract side of the spectrum. To date, most of the posts you’ll find on Above the Canopy are somewhat technical, and oriented toward achieving financial…
Read More
What Will Healthcare Cost in Retirement?
Planning for retirement takes careful preparation and a decent idea of what your budget will be once you stop working. This can be a pretty scary process with so many unknown variables. How much will…
Read More
401(k) Auto Rollovers: A Convenient Safe Harbor for Small Business Retirement Plans
OK – with a new year upon us it’s time to clean up that rusty old 401(k) plan at your small business….right? Let’s say that you work in or own a small business, and are…
Read More
What’s the Optimal Portfolio Rebalancing Frequency?
If you’ve read the blog for very long, you probably know that I’m a big proponent of thoughtful and customized asset allocation. The percentage of your portfolio invested in stocks, bonds, cash, and real estate…
Read More