Top Solo 401k Plan Things to Know Now & Going Forward

Paul FennerRetirement Planning, Tax Planning

401k plans are mainly for employees of private sector companies. A solo 401k is a 401k for business owners with self-employment income and no non-owner W-2 employees. Mark Nolan, founder of My Solo 401(k) Financial, wrote the following comprehensive post on what you need to know when it comes to a critical financial planning component for solo and family business … Read More

What We Do & How We Can Help

Paul FennerPersonal Finance, Portfolio Management, Retirement Planning

What we do and how we can help - Family Wealth Management - Navigating Family Wealth Management | TAMMA Capital

By Paul Fenner, CFP®, ChFC®, CRPS® It can be hard enough to manage your finances when your circumstances are relatively simple, let alone when you have essential responsibilities like raising multiple children and providing for your family. When you need help, how do you know who to turn to? Who can you rely on to understand your life and guide … Read More

How A Hybrid Retirement Plan Work For You

Paul FennerRetirement Planning

Beach scaled - retirement plan - How A Hybrid Retirement Plan Work For You | Tamma Capital

One of the most overlooked but critical aspects of savings or achieving any financial-related goal is determining why you want to save.  That may sound simple, but let me give you an example.  Client: I want to retire at 55.  Me: Why?  Client: I hate my job. Me: What will you do in retirement, especially one that could last a … Read More

Unlocking the Triple Tax Advantage

Paul FennerRetirement Planning

Hsa - healthcare savings account HSA - One of the Best Retirement Savings Vehicles You May Not Know About | Tamma Capital

One of the best retirement savings vehicles that many people may not realize is a Healthcare Savings Account (HSA).  An HSA is a tax-advantaged account created for individuals covered under high-deductible health plans (HDHPs) to save for medical expenses that HDHPs do not cover. Rather than using these accounts for current medical costs, you should consider utilizing the multiple tax … Read More

Three Factors That Affect Your Social Security Decision

Paul FennerRetirement Planning

Social security - social security - Three Factors That Affect Your Social Security Decision | Tamma Capital

I am often asked the critical question of should I take my social security benefits early or wait until full retirement age or beyond?  Issuing a blanket response or answer to that question can lead people down the wrong path, especially on this subject.  While many people would benefit the most by waiting until they reach their full retirement age … Read More

4 Retirement Account Options After a Job Change

Paul FennerRetirement Planning

401k decision tree - retirement planning - 4 Retirement Account Options After a Job Change | Tamma Capital

According to The Balance Careers, today’s average person changes jobs ten to fifteen times (with an average of 12 job changes) during their career.  While many factors go into changing jobs, one critical factor that people should decide on in conjunction with a job change is what to do with their employer-sponsored retirement plan or, in most cases, a 401(k) … Read More

4 Steps to Set Up the Retirement that You Envision

Paul FennerRetirement Planning

1119256 watching 2 - retirement planning - 4 Steps to Set Up the Retirement that You Envision | Tamma Capital

Can you envision what your retirement years may look like?  Do you see yourself traveling the world, living in your ideal location, spending time with your loved ones, or setting out on a new second career?  Before you can start a retirement plan, you need to know what you want your retirement to be. Developing Your Vision To gain a … Read More

Four Retirement Goals Everyone Should Consider

Paul FennerRetirement Planning

Adjusted mature couple dancing - retirement - Four Retirement Goals Everyone Should Consider | Tamma Capital

Recently I was doing some research on the retirement income challenge and while many of us diligently save each month in an employer-sponsored retirement plan such as a 401(k) or 403(b) or an IRA option such as a Traditional or Roth, do we really understand what we are saving for? While each individual will have their own unique answer to … Read More

8 Retirement Mistakes to Avoid

Paul FennerRetirement Planning

The web is likely cluttered with articles and posts about the critical retirement mistakes to avoid.  But in working with people first hand I often come up with ideas that I believe are worth sharing no matter how often they may or may not be published. Anyone of the topics below only begins to scratch the surface upon another layer … Read More