Thursday, September 30, 2021
If you were planning to do a “Roth IRA” conversion to keep your retirement savings permanently out of the hands of the IRS, you might want to get on it. The new tax bill on Capitol Hill is going to scrap these conversions...
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Monday, August 30, 2021
IF YOU’RE MARRIED, it’s almost certain that one of you will outlive the other—perhaps by many years. What are the financial implications? Click below to find out 10 issues to keep in mind. https://humbledollar...
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Monday, August 16, 2021
The news keeps getting better for Social Security recipients. It's now projected that benefits will increase 6.1% in 2022, up from the 4.7% forecast just two months ago. That would be the most significant increase since 1983.1,2...
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Wednesday, July 28, 2021
The bucket approach — or what some call the time segmentation or asset-liability matching approach – might be the better method of creating dependable and sustainable income in retirement for some retirees. https://www...
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Monday, June 14, 2021
If there is a "silver lining" to all the inflation talk, it may be that Social Security benefits are expected to see a larger-than-normal increase in 2022. Preliminary estimates call for a 4.7% cost-of-living increase (COLA) in Social...
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Thursday, March 25, 2021
With all the chaos of 2020, the passing of the SECURE Act didn't register on many people's radar. This change in legislation made two important changes that impact retirement planning: Required Minimum Distributions (RMDs) were pushed...
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Tuesday, September 1, 2020
Historically, low interest rates have forced investors approaching retirement to think outside the box when building a retirement income plan. In order to have a secure and comfortable retirement, you need to consider different ways to...
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Friday, July 31, 2020
With the economy and financial markets flashing mixed signals, it’s no wonder that lawmakers are deadlocked on whether to pass a Phase 4 of the CARES Act. More than $3 trillion in stimulus has been pushed into the economy since...
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Monday, June 22, 2020
An “eye-popping” $2 trillion in cash has been stashed in deposit accounts at U.S. banks since the COVID-19 pandemic first hit the country in January.1 This surge of money into banks has no precedent in history. Several...
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Thursday, May 28, 2020
Even in “normal” times, the news can be depressing. But these days, it can seem like there’s an awful lot to worry about. Here’s a sampling of the types of headlines I’ve seen recently: Why US hospitals...
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Wednesday, May 20, 2020
Few life events are more stressful than a job loss. If you or someone you know is in this situation due to COVID-19, you’ll likely have several questions about job hunting, unemployment insurance, and health care. You may also be...
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Tuesday, April 21, 2020
The COVID-19 pandemic has shaken up nearly every aspect of American life. To say it’s been a difficult time would be an understatement. However, difficult times may open doors to new possibilities. Businesses are changing their...
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Friday, April 3, 2020
As I’m sure you know, the $2 trillion “Coronavirus Aid, Relief, and Economic Security” (“CARES”) Act was recently signed into law. The CARES Act is designed to help those most impacted by the COVID-19...
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Wednesday, March 25, 2020
In light of current events and potential financial difficulties caused by the COVID-19 outbreak, the Internal Revenue Service (IRS) has postponed the 2019 federal income tax filing and payment deadline until July 15, 2020.1,2,3 Those...
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Friday, March 20, 2020
Highlights • We think stocks are in the process of bottoming, but that process will take some time. A decline in new cases, falling credit spreads, rising Treasury yields and oil prices and stable weekly jobless claims are...
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Tuesday, March 10, 2020
In your investing lifetime, you may only see a situation like the recent novel coronavirus (COVID-19) a few times. This is a circumstance where complete candor is necessary. The truth is that we can’t yet gauge the full economic...
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Tuesday, February 11, 2020
The “I’ll think about it tomorrow” approach is alive and well. This latest report card shows that baby boomers are only slightly in front of millennials when it comes to retirement planning. Click HERE for full article.
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Wednesday, January 29, 2020
The conventional wisdom is that retirees should first spend down their taxable accounts, then traditional retirement accounts and lastly tax free accounts like a Roth IRA.That approach has its merits. But it can result in retirees...
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Tuesday, October 22, 2019
We are currently in the Medicare Annual Enrollment Period for 2020 (Oct 15th - Dec 7th). Prescription drug plans can change each year so it is important to stay on top of those changes. Review your prescription drug coverage to make...
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Thursday, September 12, 2019
Elizabeth Warren proposes sweeping changes to the Social Security system. It looks like Social Security reform may play a large part in the next election. Click here for the full article.
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Wednesday, August 28, 2019
The FCC is out with a new warning about Medicare scams. Medicare will never call you out of the blue asking for personal information. If you are concerned about a call you received, you can reach out to Medicare 1-800-MEDICARE...
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Wednesday, August 7, 2019
Here are some little-known strategies you can use to bolster your retirement savings. Click here to read more.
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Monday, July 1, 2019
A new study found that the majority of retirees are not claiming their Social Security benefits at the most financially optimal time. Click HERE to read the full article.
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Friday, May 24, 2019
HSA Accounts are a great tool for individuals approaching retirement to offset health care costs but you need to make sure you follow the rules to avoid costly penalties. Read the full article here.
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Thursday, May 9, 2019
A new study shows that more people are taking their Social Security benefit before retirement age, resulting in a lower benefit. If Social Security is going to play a large part in your retirement income plan, you may want to tap into...
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Thursday, May 2, 2019
When you are building a retirement income plan, it is important to incorporate a "tax free" element. Roth IRA distributions and cash value inside permanent Life Insurance are two sources of retirement income that will not increase the...
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Tuesday, December 18, 2018
Tip: How Much? Check your Social Security earnings and see an estimate of your benefits on the website, www.ssa.gov. Social Security’s been a fact of retirement life ever since it was established in 1935. We all think we know how...
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