By Jonathan Harner, CFP® Planning for the future is something most people know they should do, but they might not know exactly what to do—or how to get started. This is where financial planners can add significant value. We can assess your current financial situation, identify long-term goals, and create a path toward success. But …
By Jonathan Harner, CFP® Nearly everyone would say they want to increase their wealth and reduce their tax burden. Yet in order to make this real, it’s important to take a proactive approach and develop an ongoing tax strategy. One way to do this is to stay up to date on changes in tax law …
By Jonathan Harner, CFP® There’s no way to sugarcoat it: 2022 was a tough financial year for nearly every part of the economy. Inflation and gas prices have been high while the stock and bond markets have been lower. To make matters worse, many people are worried about slower economic growth in the near future. …
By Jonathan Harner, CFP® Once you reach a certain age, you may be required to withdraw money from your retirement savings accounts, even if you don’t need the cash flow. These required minimum distributions (RMDs) impact your financial planning and—more importantly—your tax obligations. But giving your RMDs to charity can be a great strategy because …
Why Sending Your RMDs to Charity Might Be a Great Financial Strategy Read More »
By Jonathan Harner, CFP® Many people put off financial planning because of the cost. But did you know not using a financial advisor to create a clear-cut financial plan could be causing you to lose money? If you have been putting off that first meeting with a financial planner, here are 5 reasons to set …
5 Ways Not Having a Financial Plan Could Be Costing You Money Read More »
By Jonathan Harner, CFP® Have you ever thought about whether or not you will have enough money to retire comfortably? This is an important question, one that many people don’t take the time to consider. They just assume they will have enough in the bank to continue living their current lifestyle. But you have dreams …
8 Questions to Consider for a Comfortable Retirement Read More »
By Jonathan Harner, CFP® In virtually every industry and every area of life, it is common to see two professionals team up and work together for a common cause. If you’re a baseball fan, you know that the pitcher and catcher have a close-knit relationship working to get the batter out. A doctor relies on …
Joining Forces: Why It’s Important for Your Financial Advisor & CPA to Work Together Read More »
By Jonathan Harner, CFP® With all the news of inflation and market volatility, it can be difficult to separate fact from sensationalism. Are we in a recession? Has the market crashed? Is my retirement plan still on track? These are questions clients ask on a daily basis. At Wichita Wealth Management, we strive to provide …
By Jonathan Harner, CFP® Lowering your tax liability is one of the most important things you can do to protect your wealth. A Roth IRA conversion can be an excellent way to minimize taxes by moving money from a traditional IRA to the Roth variety. Typically, we like to do Roth conversions toward the end …
Should You Consider a Roth Conversion in a Market Downturn? Read More »
By Jonathan Harner, CFP® There could be any number of reasons why you give money to your church or a charity. But have you ever considered how you give money? Regardless of the reason you choose to give, if you do not use the proper “how,” you could be leaving thousands of dollars on the table—dollars that …
Could a Donor-Advised Fund Save You Money on Taxes? Read More »
