Since 2020 members of the Ruedi Wealth team have been writing weekly investing and retirement planning columns for our local newspaper, The News-Gazette.
Fortunately, despite all the moving parts, the options couples have for claiming Social Security are actually less complicated than most would think.
Paul R. Ruedi, CFP® covers two more strategies to reduce taxes on your investments.
We began writing weekly newspaper columns in April of 2020. At the end of that month, the S&P 500 index closed at 2,912.43. Hovering around 7,000 these days, the S&P 500 has more than doubled since then. But if those six years seemed like an ideal time to be an investor, think again.
You have many options to minimize the taxes on your investment portfolio. Some of them are so simple anyone can do them, others are more complicated and may require the help of a professional.
Though retirees with a reasonable spending plan can weather a bear market or even multiple bear markets during retirement, if that bear market shows up at the wrong time it can spell trouble.
When people think of the ways financial advisors create value for their clients, their minds likely run to exotic financial strategies and meticulous calculations. But as I look back, the most valuable thing I did throughout my career was convince people who were piling up cash to invest in the stock market.