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A Note to Our Clients Regarding COVID-19

Since the onset of this pandemic, we have strived to be good community stewards and as such find ourselves at another inflection point as a business. The Austin metropolitan area continues to see large increases in hospitalizations due to COVID-19 and decreasing capacity for future patients. Earlier today, Austin Public Health announced a move to […]

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Authentic Advice Blog: Texas Winter Storm Resources

Texans were thrown for a loop a few weeks ago when Winter Storm Uri blew through the state leaving many in dire situations. With power outages, frozen pipes, lack of clean water, it was a frightening time for many Texans. The storm may be over, but we still must pick up the pieces of the […]

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Authentic Advice Blog: American Rescue Plan Act of 2021

The American Rescue Plan Act, a $1.9 trillion stimulus bill, was passed and signed into law by President Biden on March 11, 2021.  Aimed at assisting with the economic shortcomings of the pandemic, this legislation covers a broad base of pandemic-related initiatives.   At Austin Asset, we make it a priority to unpack recent legislation, and […]

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Authentic Advice Blog: Charitable Contributions from IRAs

Did you know that, if you are at least 70½ years old, you can make tax-free charitable donations directly from your IRA? By making what’s called a qualified charitable distribution (QCD), you can benefit your favorite charity while excluding up to $100,000 annually from gross income. These gifts, also known as “charitable IRA rollovers,” would […]

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Authentic Advice Blog: Social Security – More Than Just a Retirement Benefit

When people think of Social Security, they often think of it as just a retirement benefit.  They assume if they work and pay into Social Security long enough, they will qualify for a monthly retirement benefit that lasts the rest of their life. Social Security is that and much more.  In addition to retirement benefits, […]

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Social Security and Medicare Face Financial Challenges

Most Americans will eventually receive Social Security and Medicare benefits. Each year, the Trustees of the Social Security and Medicare Trust Funds release lengthy reports to Congress that assess the health of these important programs.  The newest reports, released on April 22, 2020, discuss the current financial condition and ongoing financial challenges that both programs […]

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403(b) Plans: The Basics

If you are like many Americans, you likely have an employer-sponsored retirement plan.  This is the second article in a three-part series about the basics of 401k, 403b, and Defined Benefit Plans. Retirement plans established under Section 403(b) of the Internal Revenue Code, commonly referred to as 403(b) plans or “tax-sheltered annuities,” have become a […]

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Should You Dip into Your HSA Now? Or Save it for Retirement?

A recent study from Fidelity estimates that an average 65-year-old couple retiring this year will need to have $295,000 in today’s dollars for future medical costs. So what is an effective way to save for medical expenses in retirement? Consider a Health Savings Account (HSA). 1) Contributions are pre-tax and avoid FICA tax if made […]

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Taking Advantage of Employer-Sponsored Retirement Plans

As financial advisors, we are constantly being asked how best to save for retirement?  In most cases, the answer is simple, start with your employer-sponsored plan.  Why?  Employer-sponsored qualified retirement plans such as 401(k)s are some of the most powerful retirement savings tools available. If your employer offers such a plan and you’re not participating […]

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Saving for Retirement and a Child’s Education at the Same Time

You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle the two? The truth is, saving for your retirement and your child’s education at the same time can be a challenge. But take heart — you may be able to reach […]

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