DKE Inc.

01/27/2022

"The balance sheet of the Federal Reserve has grown to a size that would have amazed previous generations of Federal Reserve governors and economists. Although we have become somewhat accustomed to it, so fast do perceptions adjust, it would also have surprised readers of Housing Finance International of five years ago, and readers of 15 years ago would probably have judged the current reality simply impossible. " Mises Institute

Runaway house price inflation continues to characterize the U.S. market. House prices across the country rose 15.8% on average in October 2021 from the year before. U.S.

01/19/2022

"There is, unfortunately, no one perfect option for storing wills. You’re quite right that people often don’t stay in touch with the attorneys who create their documents, even though estate plans should be reviewed and updated regularly. " The Oregonian

Should you leave it with your attorney? How about in a home safe, or a freezer?

01/12/2022

"Text messages; family photos; passwords — all of these are key pieces of digital data that you might want to hand over after you pass away. Instead of sharing your password or permanently locking the contents of your phone when you die, you can use a feature called Digital Legacy on your Apple devices that posthumously relays information to someone you trust." Input

Make sure your loved ones can access your digital life when you die.

01/06/2022

"If you’ve ever spent time working through your estate plan, you know how important it is to select and update your beneficiaries. Failing to do so can result in costly mistakes – for you and your loved ones. Here are five common mistakes that can easily be avoided with a bit of proactive planning..." - Hey SoCal

https://heysocal.com/2021/12/23/5-mistakes-to-avoid-when-naming-beneficiaries/

01/02/2022

"The main advantage of Roths is the ability to invest after-tax contributions that will both grow tax-free and be withdrawn tax-free. It's a good option if you expect to be in a higher tax bracket in retirement or if you want greater flexibility to decide when to tap different pots of money for different purposes in retirement or at any other point." Business

12/24/2021

12/22/2021

"Should you make after-tax Roth or pre-tax contributions to your 401(k)? Roth accounts can be powerful wealth-building tools. But paying tax early doesn't always make sense, especially for taxpayers with significant income. Here's when to consider pre-tax vs Roth 401(k) contributions." Forbes

Is it better to make pre-tax or Roth contributions to a 401(k)? High earners in particular should consider if paying tax now is worth it.

12/20/2021

"There are many ways to pass property on to children, including gifting the family home to them while you are still alive, bequeathing it to the kids upon your passing, or selling the residence to your heirs.

Each decision has legal and tax implications, so think through the possibilities and consult with the professionals.

As you put a plan in place, here are three options to consider." USA TODAY

Whether you have a cabin in the woods or a manse at the beach, creating an estate plan will determine the best way to distribute a home to your kids.

12/08/2021

"As inflation tightens its grip on the economy, the Federal Reserve has begun walking back previous assurances that it will be a temporary, post-pandemic blip. Economists at Goldman Sachs warned in a research note last week that inflation is 'likely to get worse before it gets better,' and could persist well into next year." ABC News

Economists break down why consumer prices are so high right now.

12/01/2021

"A retirement tax strategy favored by the wealthy survived in Democrats’ latest social and climate spending plan, after an earlier version had it on the chopping block.

So-called backdoor Roth strategies are a way for the rich to skirt income and savings limits that apply to Roth individual retirement accounts.

At its simplest, the strategy involves an investor contributing money to a non-Roth account and then converting it to a Roth IRA."

A House tax plan would have killed tax strategies used by the wealthy to get more money into Roth IRAs. The new Build Back Better framework keeps them.

11/24/2021

"Looking at all years since 1999, when this index was created, there has been a strong inverse relationship between its immediate post-Thanksgiving performance and its return until the end of the year. You can see it in this chart:"

https://www.marketwatch.com/story/the-surprising-lesson-black-friday-and-cyber-monday-can-teach-stock-market-investors-2020-11-26

11/17/2021

"Withdrawing from your retirement accounts in the wrong order could cost hundreds of thousands of dollars in retirement income.

If you're worried about the most efficient way to start making withdrawals, consider that a 2020 Northwestern Mutual study found that 71% of U.S. adults admit their financial planning needs improvement. However, only 29% of Americans work with a financial advisor." SmartAsset.com

Withdrawing from your retirement accounts in the wrong order could cost hundreds of thousands of dollars in retirement income.