What’s Happening
At Partners in Financial Planning, we keep you informed on a variety of topics. Check out our Blog posts and team News featured below. If you missed any of our newsletters or monthly investment commentary, be sure to check out our Newsletters & White Papers page for the latest market news and articles to educate and inspire.
Is Charleston, South Carolina A “Tax-Friendly” Place to Retire?
When selecting your dream retirement spot, several criteria spring to mind. For example, nice weather, lots of options for entertainment, proximity to family, possible work opportunities, and volunteer spots could be on your wish list. While that’s a great roundup, one benchmark we recommend adding to your list is “tax friendliness.” It’s not nearly as fun to think about as all the sun and fun Charleston offers, but it’s still…
How The Inflation Reduction Act Impacts The Electric Vehicle Tax Credit
Gas prices seem to have a mind of their own this year. While the Charleston, SC and Roanoke, VA areas weren’t hit the hardest, prices still rose to about $4.60 per gallon this summer.1 After months of global economic volatility impacting prices at the pumps, purchasing an electric vehicle (EV) is becoming more appealing. For example, Teslas are sleek, fun cars of the future, and even major car makers like…
Do You Have Enough Life Insurance?
September is National Life Insurance Month! To “celebrate,” we’re helping you determine if you have enough life insurance coverage to protect your family. The financial lives of medical professionals tend to be complex, and many doctors are the primary earners for their families. So, life insurance plays a vital role in protecting your family’s financial well-being in the event of an unexpected loss. Here are the top things you to…
Your Loved One Is Considering Moving Into A Retirement Community In Charleston, SC, Now What?
There may come a time when a parent, in-law, close relative, or other loved one no longer wants to live in their own home. Or, as their health declines, it becomes unsafe for them to continue living independently, making a retirement community an excellent option. Whether for personal reasons, medical concerns, or a combination, it’s essential to plan for what this next step looks like. Charleston is home to several…
3 Core Types of Equity Compensation You May Come Across As A High-Earner
Did someone say equity compensation? Equity compensation is quickly growing as a popular payment method in various industries like tech, medical, pharma, and business. As you grow in your career, you’ll likely see more equity compensation on the table. Providing equity is an excellent way for companies to reward and retain top talent. While “stock options” is often used to describe all types of equity compensation, there are several common…
The Best Volunteer Spots For Retirees This Summer In Charleston, SC
Volunteering is wonderful for so many reasons. It allows you to give back to the community, connect with a cause you’re passionate about, and make new friendships. With all the benefits, it’s no wonder retirees make volunteering a significant part of their lives. More than 60% of retirees over the age of 55 are volunteering in some capacity.1 With summer in full swing, now’s the perfect time to go outside…
3 Interesting Considerations With a 401(k) Rollover
When starting a new job, the paperwork feels never-ending. Your employer needs answers about insurance, benefits, stock options, beneficiaries, etc. Among those decisions, you likely have the chance to take automatic deductions from your paycheck for a 401(k). The great thing about this is that you’re saving for retirement without thinking about it! But at some point in your career, you may find it beneficial to move money out of…