When you’re thinking about your retirement, there are a few accounts that likely come to mind, among them the 401k, 403b, the Roth IRA, and more! However, there’s one type of retirement account that is very beneficial and often overlooked: the Health Savings Account (or HSA). Read more.
Legacy Benefits of Health Savings Accounts Read More »
In this video, Chris Heerlein of Reap Financial discusses key reasons why retirement plans can fail. He highlights several pitfalls: 1 – Buying a Second Home. 2 – Taking on Debt. 3 – Starting a New Business: New ventures are risky and often require substantial capital and time to become profitable. Caution is advised. 4 – Over-helping Friends and Family. 5 – Lack of a Spending Plan.
Top Ways Retirement Plans Fall Apart Read More »
After decades of work and diligently saving for retirement, you may be thinking that 2024 is the year to finally retire! However, before you officially retire, make sure you take the time to assess your situation and your retirement plan. Taking the time to do this, ensures that you’re in the best possible position when you retire to total retirement success. How do you assess your retirement readiness? REAP Financial is here to help you identify some key things you should be considering!
Assessing Your Retirement Readiness in 2024 Read More »
When you’re planning your retirement, you want to make sure you’re in the best possible position! Part of being in the best position is ensuring you know about 4 hidden tax traps you might not know about, which can take your retirement off track.
Four Hidden Tax Traps That Could Derail Your Retirement Read More »
In America today, not everyone waits until they hit their full retirement age to claim their Social Security benefits. In fact, most Americans claim their Social Security benefits at 62,
How Working After 62 Can Change Your Social Security Benefits Read More »
As with every new year, 2024 promises to bring many changes, financially and otherwise. This time, you can expect some changes to your retirement accounts that you should be aware
Important Changes Coming to Your Retirement Plans for 2024 Read More »
Everybody wants to make the most of their social security benefits, but it can be hard to know what your benefits are as a divorced spouse. It can be confusing,
Social Security Benefits for Divorced Spouses Read More »
Today, we bring you insights from Chris Heerlein, the CEO of Reap Financial, on tax-savvy ways to dive into the realm of second home investments. Join us as we explore
Tax-Wise Ways to Handle the Second Home Read More »
Retirement marks a significant milestone in our lives, a phase that brings both exciting opportunities and unique challenges. At REAP Financial, we understand that planning for retirement involves more
I’m Retired, What’s Next? | 5 Things to Do As Soon As You Retire Read More »
Chris Heerlein, in his video, shares personal anecdotes to emphasize the importance of private client financial relationships in wealth management. He recounts his early experiences of earning and saving money, beginning with a job at a metal foundry at the age of 14. This early exposure to financial realities, like the impact of taxes on earnings, sparked his lifelong focus on maximizing net wealth. Heerlein identifies with the mindset of his clients, understanding their desire to preserve the wealth they’ve worked hard to accumulate. He stresses that while paying taxes is a responsibility, ensuring that one does not overpay is equally important. This philosophy resonates with the families he consults, who are often driven professionals and entrepreneurs with a strong desire to maintain and grow their wealth.
Chris Heerlein on the Importance of Private Client Financial Relationships Read More »