November 15, 2019
If you have retirement on your mind, the big question is this: Are you in a financial position to do so? While nothing replaces the advice of a seasoned advisor, you can take your first step to answering this question by applying a simple 5-step calculation.
In just five minutes, you can get to a simple Yes or No on whether you will have enough income and savings to cover your retirement expenses. Answer each question below in sequence:
When you’ve completed your calculation, compare the answer to your current annual expenses to see if the amount you projected is enough to cover your normal living expenses.
While offering a highly simplified model, this exercise will get you thinking about what you need to do in order to retire.
Be aware that this model does not take into account such things as growth rate of investments or inflation. So, if you have questions about retirement, please feel free to reach out to our firm for guidance.
It’s that time of year when everyone can agree on one thing: Paying taxes is a drag. As we progress into a new tax season, follow these tips to help avoid a heavy tax burden this year:
To celebrate our 90th firm anniversary, the shareholders gifted staff and families a fun weekend in Omaha.
We met with fellow members of the ISCPA as well as ISCPA leadership, including CEO Cindy Adams and President Rod Foster. Iowa Dept. of Revenue Director Kraig Paulsen provided some insight to his department and how they are going to modernize it over the next 3-5 years. Once we arrived at the Capitol, State Auditor Rob Sand gave us some highlights regarding the State Auditor’s office and what has been going on during his first year in office.