Boise Retirement Coach

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Boise Retirement Coach Peggy L. Farnworth, owner of Boise Retirement Coach, is a Certified Public Accountant, Certified Financial Planner, and Certified Senior Advisor.

She has her B.S. in Accounting and has served the Treasure Valley for over 30 years. As a Financial Advisor in Boise, ID, Peggy has serviced hundreds of clients in and around the Treasure Valley for over 20 years. Peggy Farnworth, CPA, CFP, CSA is known for her integrity, creativity and compassion. Her ability to address complex situations and produce balanced financial plans makes her the trusted financial advisor clients want on their side. Disclaimer: Securities offered through Registered Representative of Cambridge Investment Research, Inc., a Broker Dealer Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Boise Retirement Coach and Cambridge are not affiliated. Any posted content is being provided for informational purposes only and should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions.

10/17/2026

Giving $5,000 to charity from your IRA? How you do it changes what it actually costs you.

Send it to your checking account first, then write the check, and you'll pay tax on that withdrawal — 22% or 24% — before it ever reaches the charity. A $5,000 gift can end up costing you $6,200.

Send that same $5,000 directly from your IRA to the charity as a Qualified Charitable Distribution (QCD), and it satisfies your RMD while the tax bill is zero. Same gift, same charity, completely different cost to you.

If you're charitably inclined and taking RMDs, this is the math worth knowing.



Material discussed is meant for general illustration and/or informational purposes only, and it is not to be construed as investment, tax, or legal advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Please consult with your financial advisor prior to making any investment decisions.

Don’t Let Rising Healthcare Costs Derail Your RetirementMedical expenses are one of the biggest expenses in retirement, ...
10/15/2026

Don’t Let Rising Healthcare Costs Derail Your Retirement

Medical expenses are one of the biggest expenses in retirement, and rising healthcare costs can surprise many who are planning to retire soon. A couple 65+ can easily spend $300,000 – $360,000 for medical expenses during retirement.

It is important to plan ahead:

- Health Savings Accounts and Idaho Medical Savings Accounts
- Bridging the healthcare gap before Medicare
- Medicare Advantage vs. Original Medicare with Medigap
- How to choose the right fit for your health

The best way to reduce your medical expenses is to be proactive with your health.

Read the full blog → https://www.boiseretirementcoach.com/dont-let-rising-healthcare-costs-derail-your-Retirement

10/14/2026

A couple retiring at 65 can spend $300,000 or more on healthcare, and most people don't plan for it. 🩺

Still working? A Health Savings Account is one of the best ways to save.

Already on Medicare? You can't add to an HSA anymore, but Idaho has its own Medical Savings Account. You can deduct up to $10,000 a year if you're single or $20,000 if you're married.

Choosing between Medicare Advantage and Medigap matters too. Advantage usually has a lower premium, but a knee or hip replacement can leave you with a $5,000 or $6,000 bill. Medigap might cost $200 to $300 more a month, and your costs are much easier to predict.

Peggy explains how to plan for it in the video, and the full blog post is linked below.

🔗 https://www.boiseretirementcoach.com/dont-let-rising-healthcare-costs-derail-your-retirement
📞 (208) 343-7777
🌐 boiseretirementcoach.com



Material discussed is meant for general illustration and/or informational purposes only, and it is not to be construed as investment, tax, or legal advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Please consult with your financial advisor prior to making any investment decisions.

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Boise Retirement Coach and Cambridge are not affiliated.

10/08/2026

Roth conversions come with a clock most people don't know about.

Once you convert, that money has to stay in the Roth for a five-year period. Pull it out early and you can face a penalty. And yes, the IRS is tracking this — if you have IRAs, you get a form each May (the 5498) that reports your account values, so they know exactly what you converted and when.

Here's the part that trips people up: every conversion starts its own five-year clock. Convert in year one, then again in year two, then again in year three — each one has its own countdown. The very first conversion you ever do is the one that determines when the whole thing becomes fully accessible.

Doing multiple Roth conversions over several years? Know which clock you're actually watching.



Material discussed is meant for general illustration and/or informational purposes only, and it is not to be construed as investment, tax, or legal advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Please consult with your financial advisor prior to making any investment decisions.

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Boise Retirement Coach and Cambridge are not affiliated.

10/06/2026

The best retirement account you own might not be the one you think. 🤔

If you have a health savings account, you might be treating it like a checking account for doctor visits, pay in, pay out, keep the balance near zero. That's the single most common way people waste an HSA.

Here's what makes it different: money you put in is tax-deductible going in, it grows tax-free, and if you use it for medical expenses, it comes out tax-free too. No other account does all three.

In 2026, you can put in $4,400 for yourself or $8,750 for a family, plus another $1,000 if you're 55 or older. Pay this year's medical bills out of pocket, let it grow, and by retirement you'll have a pool of money for healthcare costs, completely tax-free.

Most people never flip that switch. It's worth asking whether you should.

📞 (208) 343-7777
🌐 boiseretirementcoach.com



Material discussed is meant for general illustration and/or informational purposes only, and it is not to be construed as investment, tax, or legal advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Please consult with your financial advisor prior to making any investment decisions.

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Boise Retirement Coach and Cambridge are not affiliated.

10/01/2026

Jim and Anne were both 68, both retired, both Medicare-age eligible. One missed detail is now costing them for the rest of their lives.

Anne went into a retiree health care plan after leaving her job, but it wasn't "credible coverage." That one detail meant she should have signed up for Medicare right then. She didn't, and now there's a 10% penalty for every year she missed.

Last year that penalty was $185 x 12 x 2 people. This year Medicare's premium is $202, so the penalty alone runs about $20.20 more per person, per month, for life. Over a lifetime, that can add up to $10,000 or more.

Before you or your spouse leave a job near Medicare age, check whether your coverage actually counts as "credible." It's a deadline you don't want to miss.



Material discussed is meant for general illustration and/or informational purposes only, and it is not to be construed as investment, tax, or legal advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Please consult with your financial advisor prior to making any investment decisions.

09/29/2026

The IRS just handed retirement savers more room to save, and one group got a lot more than everyone else.

Your 401(k) limit is now $24,500 for 2026, up a full $1,000 from last year. If you're 50 or older, you can put in an extra $8,000 catch-up. Your IRA limit went up too, to $7,500, with a $1,100 catch-up if you're over 50.

But here's the number most people miss: if you're 60, 61, 62, or 63, you get an even bigger catch-up, $11,250 instead of $8,000. That's not a typo, and that window closes the year you turn 64.

If you've been meaning to increase your contribution and just haven't gotten around to it, this is your reminder that the room got bigger this year, and for a few of you, it got a lot bigger.

📞 (208) 343-7777
🌐 boiseretirementcoach.com



Material discussed is meant for general illustration and/or informational purposes only, and it is not to be construed as investment, tax, or legal advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Please consult with your financial advisor prior to making any investment decisions.

09/25/2026

$500,000 growing at 6% for almost 30 years, at a 0% tax rate, comes out to over $2.5 million.

Now add taxes back in. At a realistic 12% rate in retirement, you land just over $2 million — not quite $2.5M. And if you're also collecting a pension, Social Security, and RMDs that push you into a 33% bracket? That same $500,000 doesn't even make it to $2 million.

Same starting number. Same growth rate. Wildly different outcomes, all because of taxes.

This is why the tax bracket you'll actually be in during retirement matters just as much as how your money grows.



Material discussed is meant for general illustration and/or informational purposes only, and it is not to be construed as investment, tax, or legal advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Please consult with your financial advisor prior to making any investment decisions.

Four Quick Wins for Cybersecurity Awareness MonthOur world revolves around digital devices. Think about it: your phone i...
09/25/2026

Four Quick Wins for Cybersecurity Awareness Month

Our world revolves around digital devices. Think about it: your phone is your wallet, your photo album, your calendar, your banking hub. Your laptop holds years of files. And nearly every conversation, bill, or purchase runs through the internet. That's convenient, but it also makes each of us a potential target.

The good news? You don't need to overhaul your entire digital life to stay safer online. Just 10–15 minutes here and there can dramatically improve your security.

Here are a few quick wins you can knock out…no advanced tech skills required:
1. Passwords: The first level of protection
2. Add an extra lock: Two-factor authentication
3. Update your software always
4. Back up your files always

Our office will be hosting a workshop to celebrate National Cybersecurity Month in October. Stay tuned for more details.

Read the full blog → https://www.boiseretirementcoach.com/four-quick-wins-for-cybersecurity-awareness-month

Material discussed is meant for general illustration and/or informational purposes only, and it is not to be construed as investment, tax, or legal advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Please consult with your financial advisor prior to making any investment decisions.

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Boise Retirement Coach and Cambridge are not affiliated.

09/22/2026

Retirement does not mean you have to stop contributing. 🌱

For many people, retirement isn't the end of meaningful work — it's the beginning of a new chapter. Maybe it's mentoring someone, volunteering, starting a small business, working part-time, or finally pursuing something you never had time for.

The question isn't only what will I do with my money — it's also what will I do with my time, experience, and energy.

📞 (208) 343-7777
🌐 boiseretirementcoach.com

Material discussed is meant for general illustration and/or informational purposes only, and it is not to be construed as investment, tax, or legal advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Please consult with your financial advisor prior to making any investment decisions.

Address

670 E. Riverpark Lane, Suite 140
Boise, ID
83706

Opening Hours

Monday 10am - 5pm
Tuesday 10am - 5pm
Thursday 10am - 5pm
Friday 10am - 5pm

Telephone

+12083437777

Website

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