Should you increase stocks before retirement?

Physician Family Financial Advisors Podcast; Personal Finance for Doctors with Children

In this milestone 80th episode of the Physician Family Financial Advisors podcast, Nate Reineke and Ben Utley celebrate their journey with some lighthearted banter before diving into pressing financial questions from their listeners. They cover key topics like maximizing health savings accounts (HSAs) under COBRA, the best practices for rebalancing taxable accounts, and the strategic approach to handle taxable gains. The hosts also shed light on college savings options, highlighting the pros and cons of 529 plans versus taxable accounts and discussing how to handle unforeseen housing costs. Finally, the hosts explore whether increasing the stock portion of a portfolio for those nearing retirement is a wise move.

Key Highlights:

1. HSA Contributions Under COBRA - Understanding the rules for contributing to HSAs while covered under COBRA insurance and the importance of HSA-eligible plans for tax benefits.

2. Rebalancing Taxable Accounts - The optimal frequency for rebalancing, the tax implications, and the use of tolerance bands to maintain desired asset allocation.

3. Optimizing College Savings - The distinction between taxable accounts and 529 plans for college savings, and handling off-campus housing expenses that exceed the IRS limit for 529 plan usage.

4. Pre-Retirement Stock Increase? Debunking the myth of increasing stock allocation before retirement and understanding the bond tent strategy for mitigating risk.

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