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By Daniel Colston, CFP®CERTIFIED FINANCIAL PLANNER™ | Upward Financial Planning If you’re retiring, changing jobs, or even just thinking about your next chapter, one of the most important financial decisions you’ll face is what to do with your 401(k). For many people, this account represents the largest pool of money they’ve ever managed. Yet it’s […]

If you’ve saved diligently for retirement using tax-deferred accounts like a Traditional IRA or 401(k), you’ve done exactly what the system encouraged you to do. But eventually, the IRS requires you to start taking money out—and that’s where Required Minimum Distributions (RMDs) come in. RMDs can feel confusing and stressful, but with proper planning, they […]

If you’ve been online recently, you’ve probably seen the viral charts showing “Trump Accounts” growing to $191,000 by age 18 and climbing into the millions by age 60.Those numbers sound incredible… almost too good to be true. And while they could be mathematically accurate, there’s something important to understand: The impressive numbers aren’t the result […]

Most people don’t wake up one morning suddenly convinced they need a financial advisor. Usually, it starts with a feeling: “Am I doing this right?”“Is there something I’m missing?”“I make good money, but where is it all going?” If you’ve ever asked those questions, you’re not alone. And you’re already on the right track—because the […]

Exciting Growth and New Developments at Upward Financial Planning It’s an exciting season here at Upward Financial Planning as we continue to grow, build, and invest in the future of our firm and community. 🎥 Daniel Colston, CFP® Featured on the News Our founder, Daniel Colston, CFP®, was recently featured in an on-air interview with […]

The headlines are loud. Markets are shaky. Tariffs are back in the spotlight. And understandably, investors are nervous. As a financial advisor, I’ve seen a noticeable uptick in calls from clients lately, all asking a version of the same question: “Are we going to be okay?” It’s a fair question—especially when the financial news cycle […]

Retirement is supposed to be a time to enjoy life, travel, spend time with family, and relax after years of hard work. However, one of the biggest concerns retirees face is ensuring their savings last throughout their lifetime. With a well-funded IRA, you have financial security, but how you withdraw your money can make a […]

Retirees with substantial IRA assets face a unique challenge—how to withdraw funds efficiently while minimizing taxes. Without careful planning, required minimum distributions (RMDs) can push you into a higher tax bracket and create unexpected tax liabilities. Here are some key strategies to keep more of your wealth while enjoying a comfortable retirement. 1. Utilize Roth […]