Godsey & Gibb Wealth Management

05/19/2026

The answer to "how much do I need to retire" isn't a number.

It's a lifestyle. It's a tax plan. It's a withdrawal sequence. It's a legacy goal.
Anyone giving you a single number without understanding those things first is guessing.

We broke down ways to think through retirement readiness in our latest article: https://www.godseyandgibb.com/how-much-money-retirement/

05/12/2026

Most high earners approaching retirement don't realize Medicare isn't a flat rate — and the surprise can cost thousands.

If your household income exceeds $218,000 as a married couple, you're subject to IRMAA: an income-related surcharge on top of your standard Medicare Part B and Part D premiums. At the highest income levels, Part B alone can cost nearly $700 per month — per person.

What makes this especially tricky is the two-year lookback rule. Medicare premiums for 2026 are based on your 2024 income. A large Roth conversion, business sale, or capital gain event today can spike your Medicare costs two years from now — often catching people completely off guard.

We put together a full breakdown of how IRMAA works, which income events trigger it, how to appeal it if your income drops, and how to integrate Medicare costs into a broader retirement income and tax plan.

Worth a read if you're within five years of retirement: https://www.godseyandgibb.com/medicare-for-high-income-near-retirees/

05/04/2026

Do you know whether your charitable contributions are actually reducing your tax bill this year?

With the new tax law changes in 2026, the answer is more complicated than it used to be — and the strategy that made sense last year might not be the right one anymore.

We covered the key changes in our latest article, including what's new for itemizers, non-itemizers, and retirees with IRAs.

https://www.godseyandgibb.com/charitable-contributions-in-2026/

04/21/2026

For many business owners, the company you’ve built is more than just an asset—it’s part of your legacy.

If you’re thinking about passing ownership to children or family members, the timing and structure of that decision can have significant tax and long-term planning implications.

These are conversations we’re having more frequently, especially as families think about how to transition both wealth and responsibility.

We outlined a few key considerations here:

https://www.godseyandgibb.com/gifting-business-ownership/

04/14/2026

Tax deferral represents one of the most powerful tools available for preserving and growing wealth. Check out our article about some of the ways high earners and high net worth investors may be able to invest with greater tax efficiency, plus how Godsey & Gibb Wealth Management clients enjoy comprehensive tax services.

https://www.godseyandgibb.com/tax-deferred-investing/

04/03/2026

Ever wish you and your family could work with a wealth advisor face to face? If you live in (or near) one of these cities, we can offer you exactly that. Check out our website to learn more about how we can help you and your family invest for the future.

04/02/2026

In times of geopolitical and economic uncertainty, it's common for investors to wonder if their portfolio is poised to handle market volatility while still progressing towards their goals. Our rigorous investment selection process strives to achieve just that - learn more in our blog post!

https://www.godseyandgibb.com/our-methodology-in-volatile-markets/

03/31/2026

Looking for help retiring with confidence? Godsey & Gibb Wealth Management offers synchronized investment management, financial planning, and tax strategy/preparation all under one roof. Click the link in our bio to learn more!

05/06/2024

Is a will enough? While having a comprehensive will with the proper beneficiary and transfer-on-death (TOD) designations may be enough in certain situations, a trust may be more effective in others. In general, trusts are more effective at avoiding probate and for complex situations where you may desire greater control over how your funds are distributed. Do you know the differences between revocable and irrevocable trust?

Revocable trusts and irrevocable trusts are effective at protecting your assets from probate and public record. What makes them different?

04/23/2024

While estate planning is important to protect your family from the probate process, communicating your plan with your family in advance can allow for a more efficient transition. Considering what legacy you want to leave behind, how family dynamics may come into play, and any opportunities to help your assets transition as efficiently as possible can be difficult - but, evaluating these topics and having conversations with your loved ones is critical to helping your wealth transfer privately and in the manner you intended.

Read more here: https://www.godseyandgibb.com/qa-how-can-i-ensure-my-assets-pass-efficiently-to-my-heirs-part-2/

Questions to ask and discussions to have with your family that can help your assets transition efficiently to your heirs. Learn more.

04/19/2024

American retirees expect to transfer more than $36 Trillion to their families, friends, charitable organizations, and other beneficiaries over the next 30 years (Estate Planning Report | SeniorLiving.Org), yet only 32% of Americans have an estate plan (2024 Wills Survey | Caring.com). Do you? Follow along over the next few weeks as we share valuable insight into various topics related to estate planning and how to protect your family from the dreaded probate process.

https://www.godseyandgibb.com/qa-how-can-i-ensure-my-assets-pass-efficiently-to-my-heirs-part-1/

Protecting your assets and taking the necessary steps to provide a smooth transfer to your heirs is important. Learn more.