Advisors

Lupe Camargo Honored for Community Service

Lupe Camargo Honored for Community ServiceLupe Camargo honored for community service and contributions to Girl Scouts Arizona Cactus Pine Council.

Our team is dedicated to continuing their professional education and serving their community. That’s life with Perspective. Most often, their efforts take place quietly and behind the scenes, despite the enormous amount of time and energy expended. Sometimes they receive unexpected praise, and when they do we’re are thrilled to share the news.

In July, Lupe received Honorable Mention in the 16th Annual Invest in Others (IiO) Awards. The IiO Awards recognize the charitable work of financial advisors in communities across the country and around the world. It receives hundreds of nominations each year.

Lupe has supported the local council in many capacities for more than a dozen years, including as a parent, troop leader, long-time board member, and currently, as board chair.

Lupe Camargo Honored for Community Service“Lupe’s leadership contributions, distinctive service to the nonprofit, and impact on her community speak to the heart of the Community Service Award,” wrote Rose Cross, Assistant Director of Programs for the Invest in Others Charitable Foundation. “We are excited to share that Girl Scouts Arizona Cactus Pine Council will receive a $1,750 donation in recognition of her charitable work.”

Lupe Camargo Honored for Community Service
By |2022-07-29T11:52:03-07:00August 2nd, 2022|Advisors, Company News|

Life with Perspective

This is life with Perspective. The Scottsdale Plaza Resort provided a beautiful setting for our new company photos. The resort gave us a day rate on a room, which allowed us a private place to change outfits and cool off in the air conditioning. Photographer Jose Cureno did a great job of bringing our team together. It was a fun morning, topped off with a delicious lunch at JD’s Restaurant on site.

These are some cell phone shots from the day. Keep an eye out for the official Perspective team photos coming soon. Huge thanks to all who helped make this a great experience.

Life with Perspective is Sweet

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By |2022-04-20T09:08:28-07:00April 25th, 2022|Advisors|

Tiny Habits Lead to Big Wins

Lupe Camargo

Photography by Mark Skalny

Does anyone else feel like January came and went in the blink of an eye? If you’re asking yourself why you haven’t given thought to your 2022 goals yet, you’re not alone. But remember, tiny habits often lead to big wins.

Maybe before we can be ready to tackle the coming year, we need to take time to reflect on what happened in 2021. The insights gained from this exercise can fuel you for the journey ahead.

Start with your successes. What were your big wins last year? Perhaps you saved more, spent less, or just as important, learned a valuable lesson.

One lesson many of us have learned during the pandemic is that simplicity can bring peace, happiness, and stronger connection to our loved ones. Learning to be happy with less is priceless.

Stop, reflect, and write down at least three wins of 2021. Feeling successful, fuels the momentum for more success. Isn’t it more inspiring to begin with the feeling that your further ahead, rather than feeling like you’re falling behind?

Next, identify areas where there are opportunities to do better in 2022. Perhaps you started to build momentum that you want to continue into the new year. If not, then identify small things to help you start that momentum.

B.J. Fogg, Ph.D., a Stanford professor and habit expert, discusses and shares small steps that can start building momentum toward your goals in his book Tiny Habits: The Small Changes that Change Everything. He points out that practicing tiny habits – ones that take two minutes or less – doesn’t rely on motivation or willpower. One push up is better than no push up. Start with one.

Another valuable lesson Fogg shares (one I learned last year) is that change is easiest when you’re feeling good and hardest when you’re feeling bad.

So celebrate the wins of last year; and give yourself many opportunities to feel successful today by doing tiny things that will eventually lead to big successes in 2022.

By |2022-02-11T12:26:36-07:00February 14th, 2022|Advisors|

Early IRA Withdrawals

Larriva-WEBAs you approach retirement, conventional wisdom is to spend down taxable assets and delay IRA & 401k withdrawals until the Required Minimum Distributions (RMDs) begin at age 72. This can be an effective strategy. Yet, in many situations, it may be better to start early IRA withdrawals.

Counter-Intuitive Advice and Early IRA Withdrawals

When does this counter-intuitive strategy make the most sense? It’s relative to your marginal income tax-brackets over a seven- to 10-year period.

For example, a married couple both age 62 can earn up to combined income $106,150 (gross) before the $25,100 standard deduction and still be in only the 12 percent marginal federal tax bracket. If they have $800,000 in IRA/401ks, they can withdrawal some of that money and still be in a low marginal bracket.

If that couple waits until age 72, those retirement assets with 7 percent growth may double to about $1.6 million, and RMDs would start at $62,800 per year. That RMD income along with $57,000 per year for Social Security would put them in a 25 percent marginal tax bracket in the future. (See table.)

Another trap is related to future Medicare premiums (Part B), which typically begin at age 65. The more income you have in retirement, the more you will pay in Medicare premiums. If your adjusted gross income plus municipal bond interest is more than $176,000 for a married couple, then monthly Medicare can increase from about $148 monthly per person up to $505. Paying attention to the nuances in Medicare rules could save a couple up to $8,500 per year.

early IRA withdrawalsDetermining the best time for retirement distributions can be complicated. It’s smart to come up with a plan before you hand in your resignation. Your Perspective advisor will crunch the numbers and help you create the optimal strategy.

By |2021-08-16T13:12:45-07:00September 6th, 2021|Advisors, Health Care, Retirement, Taxes|