Our Financial Blog

At Huiskamp Collins Investments, LLC,
who you invest with really does matter!

What the Secure Act 2.0 Means for Retirement Savers

The Secure Act 2.0, passed by Congress in late December 2022 and signed into law by President Biden, seeks to address the huge gap in retirement savings among both those working and those that have retired. The World Economic Forum forecasts that by 2050, unless...

Healthcare in Retirement

I meet with clients every month who want to hang up the “nine to five” and jumpstart their retirement chapter prior to qualifying for Medicare. I get it. Some people have health challenges, some folks want to start enjoying more quality of life…the reasons why are...

Let’s Talk About Roth IRA Conversions

There’s a lot to like about Roth IRAs. Contributions to them are after-tax and the growth over time will never be taxed when you take distributions out after reaching 59-1/2 years old. That’s a really valuable perk as your tax-deferred retirement plan at work or the...

Let’s Talk About Long Term Care

I’ve been a licensed financial advisor for nearly 20 years and conversations with clients about long-termcare are some of the most difficult with which I am faced. Nobody wants to talk about it. It’s scary andexpensive and completely contrary to topics like RV road...

The Secure Act & Eligible Designated Beneficiaries

The SECURE Act (Setting Every Community Up for Retirement Enhancement) was one of the biggest blasts to retirement planning to come down the chute in many years when it was signed into law in 2019 and took effect the beginning of 2020. One big bonus was the...

IRA Estate Planning With Your Spouse in Mind

I’ve been opening IRA retirement accounts for clients for nearly 20 years and the estate planning and choice of beneficiaries is pretty rote: name your spouse as your Primary Beneficiary and your child or children as Contingent Beneficiary(ies). Nothing wrong...

The Stretch IRA Is Dead. Now What??

I’ve been a licensed financial planner for about 20 years and it was pretty much a default that a married couple would name the other spouse as the primary beneficiary of their retirement money and then name their children as the contingent beneficiaries in the case...

Qualified Charitable Distributions & the QCD Anti-Abuse Rule

A boon for most taxpayers was the increase in the standardized deduction starting in 2018. Prior to the Tax Cuts & Jobs Act, a full 30% of households itemized deductions; since the change, a mere 10% do. This year, single people can deduct $12,950.00...