Elderly couple sharing breakfast in bed

A Hybrid Solution to Long Term Care

This year, we’re inviting a handful of our most trusted colleagues to share their ideas and expertise on topics of interest to our clients. As my grandmother used to say, “Growing old isn’t for the faint of heart!” This sage observation was usually in the context of the aches and pains of declining physical (or cognitive) health […]

November 2020 presidential election date on calendar concept. Red white and blue colors and the american flag.

Presidential Election Prognostications and Your Portfolio

“What will happen to my investments if [the candidate I dislike] becomes President?” This is a question I hear frequently during any Presidential election year and especially in contentious times. People are always worried that if the candidate they oppose becomes President, it will be devastating for the markets and their portfolio. It’s hard not to be[…..]

Doctor and nurse discussing tests or x-ray image about a patient at tablet computer in hospital. Technology in healthcare services.

Checklist For A Prolonged Hospital Stay

At Inspired Financial, we work with a wide variety of professionals that serve our clients in tax, legal, insurance, and other services. We enjoy collaborative relationships with our colleagues and often share our expertise with them to help them better serve all their clients. Recently, we prepared this blog with suggestions for when their clients are facing[…..]

Medical insurance cards on the calculator. Health care costs concept. 3d illustration

What to know about COBRA Insurance

If you are leaving your employer (whether voluntarily or involuntarily), it’s important you get familiar with COBRA insurance, what it is, how it works and what it will cost you. The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a health insurance program that allows eligible employees and their dependents to continue health insurance coverage when an employee[…..]

Beautiful women chatting in the street.

Why now is a great time to check-in on the women in your life.

As economies worldwide continue to suffer reverberations from the pandemic, I have spent a fair amount of time reflecting on recessions in recent history, (think early 2000s, and the Great Recession) in comparison to that which we are living through today. Like many others, I am often tempted to look for patterns because they offer a sense[…..]

binocular mime looking

Roth Conversions – The Error in Conventional Thinking

Let’s start with some definitions before I dive into any acronyms and jargon. IRA = Traditional IRA Roth = Roth IRA NIIT = net investment income tax (3.8% surtax) RMD = required minimum distribution Convert = converting pre-tax traditional IRA dollars to post-tax Roth IRA dollars When tax and financial professionals speak of Roth conversions, the conventional[…..]

adult woman paying bills on laptop

A Taxing Journey: The Past, Present, and Future of Capital Gains

As a team of CERTIFIED FINANCIAL PLANNER™ professionals, we spend a lot of time thinking about how to generate Tax Alpha even when clients need to pull from portfolios in a pinch. While appreciated assets held a year or more are touted for their preferential tax treatment, if you decide to liquidate a sizeable chunk of your[…..]