About Russell Harris

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So far Russell Harris has created 86 blog entries.

Reflections & Resolutions: Navigating the Year-End Fiscal Landscape

Introduction: As the year draws to a close, it's an opportune moment to reflect on your financial journey and lay the groundwork for a prosperous new year. The year-end is not only a time for festive celebrations but also a crucial period to assess your financial health, set goals, and make strategic decisions. In this article, we'll explore key considerations for wrapping up the year on a strong financial note and planning for a financially sound future. Review Your Financial Goals: Start by revisiting the financial goals you set at [...]

By |2024-01-30T18:14:26-05:00December 27, 2023|Financial Planning|

Don’t Forget Your RMD: A Year-End Retirement Planning Reminder

Introduction: As the year draws to a close, it's essential for retirees and those with retirement accounts to be mindful of their Required Minimum Distributions (RMDs). RMDs are mandatory withdrawals from retirement accounts that individuals must take once they reach a certain age. Failing to take these distributions on time can result in penalties and tax consequences. This article serves as a friendly reminder to prioritize your RMDs before the end of the year and offers some insights on how to handle them wisely. Understanding RMDs: The Internal Revenue Service [...]

By |2024-01-30T18:15:09-05:00December 19, 2023|Retirement Planning|

Home Runs and Hard-Earned Savings: Comparing the Atlanta Braves’ 2023 Baseball Season to Personal Finances

As the Atlanta Braves gear up for the playoffs, there's a curious parallel that can be drawn between the world of professional sports and our personal finances. While these two domains may seem worlds apart, they share common threads of planning, management, and the pursuit of success. In this article, we'll explore how the Braves' baseball season resembles our own financial journeys and what lessons we can glean from their playbook. Setting Clear Goals: Just as the Braves aim to win games and, ultimately, the championship, we set financial goals [...]

By |2024-01-30T18:39:35-05:00October 3, 2023|Financial Planning, Of Interest|

Things to Consider When Offered a Severance Package

Getting offered a severance package from your employer can be an exciting and nerve-racking situation, all at the same time.  It is important to take a moment and understand your personal situation.  It is essential to carefully consider the terms and implications before making a decision.  Here are some key factors to take into account:   Package Details: Review the specific terms of the severance package, including the amount of compensation, the duration of payments, and any additional benefits (e.g., continuation of health insurance, outplacement services, or retirement account contributions). [...]

By |2024-01-30T18:46:46-05:00September 22, 2023|Financial Planning|

Retirement Savings Changes

The Consolidated Appropriations Act of 2023 was signed into law in December 2022.  Part of this law included what is known as the Secure Act 2.0.  This portion spells out many changes to retirement savings rules that take affect over the next several years.  One might ask, how does this affect me?  Below is a short synopsis of a few provisions that you should be aware of. Probably the biggest change that affects many of us is the modification in Required Minimum Distribution (RMD) time frames.  The original Secure Act [...]

By |2024-01-30T18:49:29-05:00July 28, 2023|Retirement Planning|
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