Should you increase stocks before retirement?

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

In this milestone 80th episode of the Physician Family Financial Advisors podcast, Nate Reineke and Ben Utley celebrate their journey with some lighthearted banter before diving into pressing financial questions from their listeners. They cover key topics like maximizing health savings accounts (HSAs) under COBRA, the best practices for rebalancing taxable accounts, and the strategic approach to handle taxable gains. The hosts also shed light on college savings options, highlighting the pros and cons of 529 plans versus taxable accounts and discussing how to handle unforeseen housing costs. Finally, the hosts explore whether increasing the stock portion of a portfolio for those nearing retirement is a wise move.

Key Highlights:

1. HSA Contributions Under COBRA - Understanding the rules for contributing to HSAs while covered under COBRA insurance and the importance of HSA-eligible plans for tax benefits.

2. Rebalancing Taxable Accounts - The optimal frequency for rebalancing, the tax implications, and the use of tolerance bands to maintain desired asset allocation.

3. Optimizing College Savings - The distinction between taxable accounts and 529 plans for college savings, and handling off-campus housing expenses that exceed the IRS limit for 529 plan usage.

4. Pre-Retirement Stock Increase? Debunking the myth of increasing stock allocation before retirement and understanding the bond tent strategy for mitigating risk.

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NOTICE

Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.