Now is the time, for the 2023 tax year, to take a good look at your non-qualified, taxable investment accounts to consider tax loss harvesting strategies for your portfolios. Effective tax loss harvesting can help avoid capital gains taxes that will be due next year on April 15th. Every investment portfolio has unrealized gains and…
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What Impact Does Chronic and Custodial Healthcare Costs Have on Retirement?
Written by Stephen Ostrofsky, CFP® During a recent client meeting with a client, we reviewed their retirement benefits designed to provide for health care costs during retirement. The retirement benefits provided significant sums to my client, but was it enough to offset expected health and custodial care costs? What we found is that many retirees…
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FRS Investment Plan Participants Can Obtain Personalized Investment Advice through Self-Directed Brokerage Accounts
Written by Stephen Ostrofsky, CFP® The pursuit of personalized investment advice might seem elusive for many Florida Retirement System (FRS) Investment Plan participants. For many, the Self-Directed Brokerage Accounts (SDBAs), has gone unnoticed by PBSO deputy sheriffs and employees since 2014. In January 2014, the FRS announced the SDBA option for FRS Investment Plan investors to provide greater…
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Law Enforcement Professionals Face Significant Risks from Uninsured Health and Custodial Care Costs in 2019
Written by Stephen Ostrofsky, CFP® During a recent client meeting with a PBSO deputy, we reviewed their employer benefits designed to subsidize health care costs during retirement. The retirement benefits provided significant sums to my client, but was it enough to offset expected health and custodial care costs? What we found many retirees face significant…
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