Comprehensive Financial Planning in the Greater Houston Area

When Does a Roth Conversion Make Sense? Over the last year, we’ve had many discussions with clients about required minimum distributions, how they affect taxes, and how to manage retirement tax liability through Roth conversions. While Roth conversions are a commonly touted solution, we find that paying tax now only makes sense when the long-term benefit outweighs the cost incurred today. As we approach the December 31st Roth conversion deadline, here are a few considerations. What is a Roth conversion?

529 College Savings Plans:7 Commonly-Asked Questions Answered Parents and grandparents of children who will attend college often ask us questions about 529s. While there are tax benefits, one of the prime reasons 529s are appealing is the ability to segregate education savings from the rest of parents’ financial commitments. Education spending is one component of your broader financial plan, and we have to evaluate the plan you choose and how you fund it with that holistic viewpoint in mind.  1.

It’s 2:00 a.m., and your adult child is being asked for a healthcare power of attorney after you have had a medical event. Documents seem like an afterthought, but in certain moments they become everything. By taking the time to organize your documents today, your loved ones will be able to assist you in case you are incapacitated, or have one less task on their plate at a difficult time following your passing. Below you’ll find a list of documents