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Beyond Your Finances, Retirement

Medicare Planning Before 65: What High-Net-Worth Individuals Should Know

Medicare may begin at 65, but the financial decisions that influence its cost can begin years earlier. For high-net-worth individuals, income from Roth conversions, investment gains, retirement distributions, and other transactions may affect future premiums. Medicare planning for high-net-worth individuals often begins before age 65. Financial decisions made in the years leading up to enrollment…

Beyond Your Finances, Investment Planning, Retirement, Taxes

Why High-Net-Worth Individuals and Families Need Specialized Wealth Advisors

Building wealth is a significant accomplishment. Managing it effectively can become increasingly complex. As wealth grows, so do the financial decisions that accompany it. Investment accounts, retirement plans, business interests, tax considerations, estate planning, charitable giving, and family legacy goals often become interconnected. A decision in one area can have consequences for several others. That…

Beyond Your Finances, Retirement

The Real Cost of Staying With the Wrong Advisor

This article originally appeared as a Thought Leader feature in the Summer 2026 issue of Columbus CEO. By PDS Planning Introduction Why many people delay making a change, and what it can cost.Your advisor’s attention has slipped. Engagement is reactive. Communication has fallen off. Or life has gotten more complex than your current advisor was…

Retirement

Social Security Fairness Act

Social Security Fairness Act: Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) update Many clients have been impacted by two Social Security provisions previously reducing, or even eliminating, Social Security benefits they might have been eligible for if they did not have a government pension.  The Social Security Fairness Act, HR 82, concerning the…

Our People, PDS Experience, PDS News

2025 Annual Letter to Stakeholders

2024 will be a memorable and pivotal year when the book is written on PDS. It really is hard to believe it’s over. What made it so memorable? The incredible achievements and the wonderful people who helped make it possible. 2024 can be summarized in three words: Growth, Technology, and Reach. Growth There are lot…

Beyond Your Finances

For Business Owners: New FINCEN Requirement

EDIT posted 12/6/2024: We recently emailed clients and posted on our website regarding the new beneficial ownership information filing requirement mandated by the Corporate Transparency Act (CTA) and FinCEN. On December 3, 2024, the U.S. District Court for the Eastern District of Texas granted a nationwide preliminary injunction preventing the federal government from enforcing the…

Beyond Your Finances, Estate & Legacy, Risk Management

Caring for an Elderly Parent

Caring for an Elderly Parent Caring for your elderly parent will almost certainly come with both challenges and rewards. While complex enough in its own right, it becomes even more so when balancing the care with your own long-term goals and plans in mind. When undertaking this profound responsibility, some strategies can help provide your…

Estate & Legacy, Retirement

Planning for an Inheritance

Planning for an Inheritance Receiving a substantial inheritance can be a transformative event, even for high-net-worth individuals (HNWIs) and families. Properly managing this infusion of wealth is crucial to ensuring long-term financial success in preserving and growing that wealth for future generations, as well as preserving the benefactor’s legacy. This requires a comprehensive approach, careful…

Retirement, Risk Management

Health Care Costs in Retirement

Posted: 9/13/2024 Health Care Costs in Retirement: What High-Net-Worth Individuals Should Know You are successful and want to preserve what you have built as you embark on your retirement. While you may have a robust investment portfolio and a clear vision for what the next phase of life looks like, it’s difficult to plan for…

PDS News

50 Fastest Growing RIAs

Posted: 9/13/2024 PDS Planning Among Financial Advisor Magazine’s 2024 50 Fastest Growing RIAs PDS Planning, a fee-only financial planning firm in Columbus, Ohio is pleased to announce it has been named 49th fastest-growing registered investment advisory firm in the United States, one of only four Ohio firms named. This ranking comes from the recent edition…

Our People, PDS Experience, PDS News

PDS Summer Update!

Posted: 8/26/2024 As we start to transition into fall, we’re reflecting on our unforgettable summer adventures and many memories made. Our travels took us far and wide including San Diego, Cape Cod, Colorado, the Carolinas, Florida and Michigan. Along the way, our team indulged in lots of cake and ice cream, golf, breweries, and of…

Beyond Your Finances, Market Commentary

The Case Against AUM-Based Fees

Posted: 8/20/2024 The Case Against AUM-Based Fees At PDS Planning, we believe you shouldn’t have to pay more for financial planning simply because you are worth more. Instead, we offer a flat, fixed-dollar fee that reflects our work rather than your net worth. Doing so allows us to provide you with a more effective financial…

Our People, PDS Experience, PDS News

Client Appreciation Night with the Clippers

We had the pleasure of spending another fun evening cheering on the Columbus Clippers with our clients and partners. It was a beautiful summer evening as the Clippers took the field as Los Veleros de Columbus as part of MiLB’s Copa de la Diversion program. They faced off against the Memphis Redbirds. Although we didn’t…