Should I take money out of my 401(k) to pay off my house and save money on the mortgage payments in retirement?

The answer to this question will also depend on how much money you have in your 401(k), what your Social Security benefit is expected to be, and how much your annual expenses will be in retirement. If you have a sizable 401(k) (think more than 15x to 20x your annual . . . .

Retirement Planning, Debt ManagementJoshua Escalante Troesh, CFPDecember 27, 2018Retirement Planning, Retirement & Legacy, Managing Wealth, 30-year mortgage, 15-year mortgage, 401(k), Social Security

Should my wife and I deplete our cash reserves, withdraw from my 401(k), or use a HELOC to finance home improvements?

I would be hesitant to pay for the home improvement either through withdrawing from a retirement account or getting a HELOC. Both options will increase your risk and harm your ability to enjoy a comfortable retirement over the long-term. There are other recommendations you should . . . .

Life Planning, Retirement PlanningJoshua Escalante Troesh, CFPNovember 29, 2018Retirement & Legacy, Retirement Planning, Buying A Home, Managing Wealth, HELOC, 401(k), 30-year mortgage, 15-year mortgage, Social Security

Should I change my asset allocation strategy?

Although I cannot identify a specific asset allocation without doing a lot more analysis and knowing what your current asset allocation is, my general comment are below. You seem to be positioned well for the future. In fact . . . .

Investing, Retirement PlanningJoshua Escalante Troesh, CFPNovember 8, 2018Building Wealth, Managing Wealth, Retirement & Legacy, Retirement Planning, 401(k), Asset Allocation, Investment portfolio

My wife and I are receiving a large amount of money from employer stock options; how can we lower our tax bill?

Based on your information, the three strategies to begin exploring are maxing out your 401(k) plans, maxing out an HSA if you have access to one, and creating a Donor Advised Fund if you are . . . .

Tax Planning, InvestingJoshua Escalante Troesh, CFPSeptember 20, 2018Managing Wealth, Building Wealth, Young Families, HSA, Health Savings Account, 401(k), 529 Plan, Incentive Stock Option (ISO)

What should I do with the extra income I will be earning from a promotion?

Investing, Life PlanningJoshua Escalante Troesh, CFPAugust 30, 2018Debt Management, Credit Card Debt, 401(k), Emergency Fund

Should I purchase term life insurance or whole life Insurance?

Based on the information you provided, it appears a term policy is most likely the right policy for you. The extra money would probably be better used to build an emergency fund and then invest for . . . .

Insurance Planning, Estate PlanningJoshua Escalante Troesh, CFPAugust 20, 2018Term Life Insurance, Whole Life Insurance, 529 Plan, Roth IRA, 401(k)

As a senior in college, should I focus on investing into my Roth IRA, or save for my student loan debt?

While it's currently trendy for gurus and media pundits to advise people to pay their student loans off immediately, the math doesn't work out in favor of this strategy. This article explains the math of …