The R² Blog

The Roth conversion presents a unique opportunity for investors looking for tax-free income during
retirement. All individuals, regardless of income, are allowed to convert as much or as little of their IRA
and eligible employer-sponsored plan assets as they want. With some careful planning, this strategy can
help maximize future retirement savings and add another layer of tax diversification to your portfolio.

The SECURE Act 2.0, enacted in late 2022, has dozens of provisions to encourage more people to save through the workplace and other plans, to help boost retirement savings, and to urge small employers to offer retirement plans. Some of the provisions went into effect in 2023. Others start in 2024, 2025, 2026, and 2027. While its impact will extend to all savers, some targeted provisions, particularly those affecting higher-net-worth investors, will take effect in 2024.

Donor Advised Funds, often abbreviated as DAFs, are emerging as a noteworthy tool for those seeking to streamline charitable planning and take advantage of tax incentives. This article aims to provide a comprehensive understanding of DAFs, emphasizing their functionality and associated benefits.

When it comes to launching your career as a veterinarian, one of the most crucial aspects is negotiating your employment contract. This comprehensive guide will walk you through the top considerations and tips to keep in mind when negotiating this pivotal agreement.

Social Security, the program you may have spent a lifetime paying into, is designed to offer stability, supplemental income, and other valuable benefits that can play a role in your overall financial strategy after you retire.

We’ve pulled together answers to 10 questions our clients ask most frequently regarding Social Security. If you are nearing retirement, this Q&A is designed to help you better understand what to expect from Social Security.

After dedicating decades to building your career, raising a family, and securing your financial future, retirement is finally on the horizon. But what does retirement truly entail? Contrary to the simplistic portrayals in movies and commercials, it's not as simple as packing your desk and strolling onto the beach. The transition from a career to retirement requires careful thought and preparation. In this guide, we'll explore the essential considerations for a successful retirement.

The first half of 2023 was dominated by headlines about inflation, interest rate hikes, bank failures, and a potential debt ceiling crisis. But does the negative news tell the whole story?

Brad McMillan, CFA^®, CAIA, MAI, chief investment officer at Commonwealth Financial Network^®, the firm we partner with to serve you, takes a closer look in his recent article, “2023 Midyear Update: A Healthy Outlook Despite Negative Headlines.” Brad recaps what has happened with the economy and financial markets so far this year and reminds us why we still have reason to hope for a successful year-end.

In this blog, we’ll dive into the details of living trusts, including how they differ from other types of trusts, what their benefits and limitations are, and how they can play a role in your overall estate strategy. Whether you’re just starting to consider estate tools or looking for ways to optimize your current approach, this blog is designed to provide insights to help you make more informed decisions.

About the thirtieth year of practice marks a significant milestone for veterinarians, as it often brings about a career transition period. During this time, veterinarians may consider shifting from full-time to part-time work or even making a break from the workplace altogether. They may also explore alternative work structures such as consulting, relief veterinary work, teaching, or mentorship. This stage of their career also requires careful financial planning, not only for retirement but also for achieving their desired lifestyle and goals in the years to come. In this blog post, we will discuss key financial considerations for veterinarians as they navigate the transition to retirement.

Financial planning is an essential part of a veterinarian's career, especially when they reach the prime years of their career, which usually falls between years twenty and thirty of practice. At this stage, the primary planning focus should be on wealth accumulation, taking into account their growing assets and income. It is also essential to consider other factors like college education for their children and their eventual retirement and possibly exit from practice ownership.