Scott Caufield, CFA, CPA, is the founder of Sophos Wealth Management, a fee-only financial planning and investment management firm in Woodinville, Washington. He helps individuals approaching or living in retirement coordinate their investments, tax strategies, and retirement income. His writing explores the financial decisions and trade-offs that shape retirement, drawing on his background in investment analysis and accounting.
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Microsoft Mega Backdoor Roth
The mega backdoor Roth is a great planning tool for high earners to get more money into tax advantaged accounts. Microsoft employees can contribute up to $30,250 into a Roth 401K account in 2022 by utilizing the Microsoft Mega Backdoor Roth! Implementing the Microsoft Mega Backdoor Roth Step 1– Maximize your traditional 401K contribution. The…
Q4 2022 Investing Climate Update
Disciplined value investors look like pessimists, grumps, or old fogeys… until they turn out to be among the few who protected against losses -Howard Marks Entering 2022, I warned that “the combination of extreme valuation and economic headwinds” set the stock market up for a significant drop. Headwinds such as rising interest rates moved to…
Q4 2021 Market Update
Q4 2021 2021 S&P 500 11.03% 28.71% Bloomberg US Agg Bond Index 0.01% -1.54% The S&P 500 shrugged off its weakness from September to make new highs in Q4. The index finished the quarter up 11%, bringing its total return for 2021 to nearly 29%. Bonds were much more sluggish with the Bloomberg US Aggregate…
Should you opt out of Washington’s new long-term care insurance program?
Washington is the first state to approve a payroll tax that will raise money to cover long-term care costs for some of its residents. Beginning January 1, 2022, an uncapped tax of 0.58% will apply to earned income. That tax will provide qualifying residents with as much as $36,500 of inflation-adjusted future benefits to pay…
Welcome to the Sophos Wealth Management Blog
Welcome to the blog of Sophos Wealth Management, LLC. Over time we’ll explore topics in estate planning, taxes, retirement, college savings, investment management, and more. We’ll also share periodic updates on the market environment and investing opportunities that drive our asset allocation. Hopefully this blog will give you a flavor of our thinking and processes…