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Articles by Joe DiSalvo
Roth Conversions & Life Insurance for Retirement Wealth
Which strategy is best for you and your family? Understand the tax implications, benefits and drawbacks of each strategy. Picture three friends sitting down for coffee, all recently retired and reflecting on their financial futures. • Mark leans back in his chair and grins, “I worked hard for my money and I plan to spend every dollar of it. My kids got a good education, they’re on their feet and I want to enjoy my retirement to the fullest.” • Susan nods, “I feel the same way… mostly.
Maximizing Your Social Security Benefits: A Strategic Approach
For many people, Social Security will be their largest retirement asset. Most people have never analyzed it, and the truth is, they don’t know how. In fact, people often underestimate the value of their Social Security benefit. When we do workshops, we ask: Who thinks their benefits will represent $250,000 or more over their lifetime? Quite a few raise their hands. When we ask, who thinks it will be more like $1 million, a few will raise their hands.
JEA board chair: Jacksonville utility ‘still not for sale,’ new team ready to lead
Joe DiSalvo June 9, 2024 at 5:01 AM·4 min read Any time there are major changes at city agencies, there can be public speculation regarding those changes. As the new chair of the all-volunteer board that oversees JEA, let me begin with this important message: JEA is still not for sale. As a board, we are responsible for acting as fiduciary agents and ensuring policy governance for the City of Jacksonville.
Blueprint to Tax-Efficient Retirement: A Financial Architect's Guide
Minimizing tax liabilities preserves wealth. According to published studies by Dr. William Reichenstein, CFA, as cited in his book “Income Strategies,” creating tax-efficient withdrawal strategies to generate retirement income can add up to seven years of longevity for a retired household’s portfolio. Recognizing this, we emphasize the importance of holistic wealth management – focusing not only on investment management, but income and tax planning/managing, as well.
The Biggest Mistake Retirees Make
By Joseph DiSalvo and Marie Madarasz In our last article, “Use the Bucket Plan to Secure Your Dream Retirement,” we mentioned one of the biggest mistakes we see retirees make. In this article, we would like to dive deeper into what that mistake is, why it can be so damaging to a retiree’s future wealth, and how retirees can manage and minimize this risk. Imagine you're planning a road trip and need to fill up your gas tank along the way.
Use the Bucket Plan to Secure Your Dream Retirement
By Joseph DiSalvo and Marie L. Madarasz If retiring is part of your 2024 plan, generating an income to replace your paychecks should be top of mind. If you are like most pre-retirees, you may have questions such as, “When can I stop working?”, “How much income will I have in retirement?” and “How long will my money last?” With retirement comes the making of many decisions, often under pressure, time constraints, and confusion. Many decisions, once made, are irreversible.
How to Save Money on Taxes in Retirement
By Joe DiSalvo and Marie L. Madarasz If we were to take a poll asking, "Who has an issue with the amount of taxes we pay?" we're sure many hands would go up. However, if we had a time machine and were to travel back several decades, it would provide us with a very different perspective. From a top marginal tax bracket of 91% in 1960 (yes, you read that right!!) to a 70% top bracket in 1970 to a 50% bracket in 1980, taxes in much of the last century were significantly higher than we have today.
Pay Less, Save More
By S. Joseph DiSalvo, ChFC, and Marie Madarasz, AIF To have the ability to create tax-efficient income in retirement, you should begin by setting the table correctly in your accumulation years. Most people understand the concept of diversification - "Don't put all of your eggs in one basket." We diversify our investment choices to lower our portfolio's risk.
Guest Commentary: Sheriff DiSalvo speaks of the past, praises staff
I’d like to take this final opportunity to address the community as your sheriff. I am fortunate to have been part of an amazing and sometimes strange legacy that began with a Gonzo journalist in the early 1970s, and lived for over 50 years. I worked with Sheriff Dick Kienast and his successor, Sheriff Bob Braudis, and occasionally even sought advice from Dr. Hunter S. Thompson.
DiSalvo: A unique legacy comes to an end
I’d like to take this final opportunity to address the community as your sheriff. I am fortunate to have been part of an amazing — and sometimes strange — legacy that began with a Gonzo journalist in the early ’70s and lived for over 50 years. I worked with Sheriff Kienast and his successor, Sheriff Braudis, and occasionally even sought advice from Dr. Hunter S. Thompson.
Year-End Tax & Financial Planning Opportunities
By S. Joseph DiSalvo and Marie Madarasz In 2021 there was a significant amount of uncertainty about tax law - would President Biden's sweeping tax proposal pass? As we sit down to gather our thoughts for year-end planning, it strikes us how much of last year's proposed changes did not come to pass. The reality right now is we continue to have historically low federal tax rates and various planning opportunities available.
Three Numbers to Know for Retirement Planning
By Joseph DiSalvo, ChFC, and Marie L. Madarasz, AIF One of the more confounding issues that pre-retirees must wrap their head around is how to create a growing stream of income from their savings after their paycheck stops. To solve for this, consideration should be given to various pieces of a retiree's financial life. How much income will they need to maintain their lifestyle? How much did they save for retirement? How did they save, in pre-tax retirement plans and/or in taxable accounts?
Sheriff recommends Torre, Mesirow and Richards
Joe DiSalvo Guest commentary February 26, 2019 Joe DiSalvo Guest commentary February 26, 2019 Historically, I have been reluctant to publicly support candidates or issues. It's not how I preferred to use my voice. However, I believe the current municipal election may be one of the most significant we've had in the 38 years that I've lived in Aspen. For the following reasons, I'm voting for Torre, Skippy Mesirow and Rachel Richards. We need a change in leadership.
Guest commentary: DiSalvo counters claims by opponent in race for Pitkin County sheriff
The recent Aspen Times Q&A "DiSalvo, Chi outline platforms for Pitkin County sheriff" contained inaccuracies. I'd like to address a few things that are simply untrue and give the public correct and factual information so that you can make an educated decision at the polls.
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