Cranbrook Financial

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Troy, MI
Cranbrook Financial

Make sense of your finances. Take hold of your legacy. Let’s create a plan that works for you—one built on trust, strategy, and a commitment to your future.

07/16/2026

2026 Roth IRA limits are in, and knowing them before you contribute could save you a costly penalty.

This year, you can put up to $7,500 into a Roth IRA (or $8,600 if you're 50+). But eligibility phases out based on your income, so your Income limit matters just as much as your contribution amount.

Overfund your account? The IRS charges a 6% penalty every year until it's corrected.

Whether you're early in your career or getting serious about catch-up contributions, now is the time to review your retirement strategy.

Have questions about how a Roth fits into your plan? Let's talk.

https://www.northwesternmutual.com/life-and-money/roth-ira-contribution-limits/

07/09/2026

We spend a lot of time talking about growing wealth. Morgan Housel makes a compelling case for rethinking how we spend it. The Art of Spending Money is our summer read. A smart, refreshing look at what it means to truly use your wealth well, not just grow it. Add it to your beach bag this summer!

07/04/2026

From all of us at Cranbrook Financial, we hope you have a safe and happy Fourth of July weekend!

06/25/2026

Unlike direct Roth IRA contributions, Roth conversions have no income limits. That means even high earners can move money into a Roth and enjoy tax-free growth going forward.

The catch? You'll owe income taxes on the amount you convert in the year you do it. That's why timing matters. Converting in a lower-income year can significantly reduce your tax bill.

Thinking about whether a Roth conversion makes sense for you? Let's talk.

06/21/2026

To the dads who showed up early, stayed up late, and gave more than they ever asked for in return, Happy Father's Day.

From all of us at Cranbrook, we hope today is filled with the people and moments that matter most.

06/18/2026

Healthcare costs are one of the biggest surprises retirees face. The average 65-year-old will spend $172,500 out of pocket, and that's just one piece of the puzzle. Is your retirement plan accounting for it? Click the link to learn more: https://www.northwesternmutual.com/life-and-money/why-the-first-few-years-of-retirement-are-so-important/

06/11/2026

Could a Roth conversion be the smartest tax move you make this year?

A Roth conversion lets you move money from a traditional IRA into a Roth IRA, paying taxes now so you never have to again in retirement. And unlike direct Roth contributions, there are no income limits. Anyone can do it.

The key is timing. Converting in a lower-income year, or spreading it across multiple years, can make a significant difference in what you owe.

Curious if it makes sense for your situation? Let's talk.

05/21/2026

Graduation season is more than a celebration. It’s also a great time to start thinking about what comes next financially.

For graduates, that might mean budgeting, student loans, or building early savings habits. For parents and grandparents, it’s a moment to support the next generation with conversations that build confidence and clarity around money.

Small steps today can help set the foundation for a stronger financial future.

05/19/2026

As a family business ourselves, we understand the unique challenges and opportunities that come with building something meant to last beyond one generation. At Cranbrook Financial, we help families and family business owners make sense of complex financial decisions through comprehensive planning designed to grow, protect, and optimize wealth.

05/14/2026

This month, as summer takes off, take a few minutes to review where your money has been going so far this year. Subscriptions, travel plans, dining, and recurring expenses often creep up without notice. This is also a smart moment to revisit your savings goals and make sure you’re still on track for the year ahead. Even small adjustments now can help prevent bigger surprises later and keep your plan aligned with what matters most to you.

Address

201 W. Big Beaver Road Suite 930
Troy, MI
48084

Telephone

+12483624649

Website

https://cranbrookfinancial.nm.com/

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