As everyday items become more expensive, discretionary income dwindles, leaving you with less money to allocate towards your savings and retirement accounts. In this article we outline several proactive steps you can take to mitigate the impact of inflation on your financial future. Read More >
Planning to relocate in retirement, or close to making a decision? We’ve put together this workbook to help you with your planning to ensure this transition is as seamless as can be. Get the Workbook >
By taking a proactive approach to tax planning, you can uncover opportunities to reduce your tax liability, optimize your retirement contributions, and improve your overall financial health. This 8-step guide delves into essential strategies and considerations to help you make the most of your mid-year tax planning efforts effectively. Read More >
In this article we outline six key areas to consider during your mid-year financial review. Conducting these regular reviews is crucial—not only to celebrate your progress, but also to adjust your course in response to life’s changes and economic shifts. Read More >
Career transitions, whether through voluntary job changes or unexpected layoffs, are pivotal moments that can significantly impact your financial future. In this article we provide financial planning tips to navigate these changes effectively to position yourself for financial security. Read More >
As the SECURE Act 2.0's provisions gradually come into effect, this landmark retirement legislation brings about a series of significant changes in 2024. From adjustments in tax brackets and retirement contribution limits to shifts in estate and gift tax exemptions, we offer a clear overview of the key updates in this article. Read More >
Thanks to updates in the SECURE 2.0 Act concerning retirement and education savings, 2024 brings the newfound flexibility to repurpose unused 529 funds for retirement savings—an option that wasn’t previously available. Read More >
While a 529 plan is primarily an education savings vehicle, it can be a part of a comprehensive retirement strategy for high earners when used creatively and strategically. Read More >
Claiming Social Security prematurely out of fear is a bit like selling stocks in a down market: All you’ve guaranteed is that you’ve locked in a loss. And if future benefit cuts did materialize, the benefits of those who claimed as soon as possible would be reduced even further. Read More >
The original SECURE Act was signed into law on December 20th, 2019. Its “sequel,” the SECURE 2.0 Act, was similarly enacted at year-end on December 29th, 2022. Both pieces of legislation seek to reform how Americans prepare for retirement while juggling current spending needs. However, SECURE 2.0 has added far more motivational carrots than punishing sticks. Here is our run down.
The “right” answer to this common query remains as elusive as ever. It depends on a wide array of personal variables. No wonder many families find themselves in a quandary when it comes to taking their Social Security benefits. Let’s take a closer look at how to find the right balance for you. Read More >
Recent proposed changes to Social Security Retirement Benefits by Republican Senators may have had you worried, but without a majority in the Senate (not to mention a Democrat still in the White House) there is no chance Social Security and Medicare will be made discretionary expenses and subject to annual budget cuts.
Divorce is one of the most difficult life transitions to navigate — and for those who did not handle the finances in their marriage, it can be difficult know where to begin. Read More >
Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome. Read More >
Under the Biden Administration's social security plan, the 12.4% Social Security tax would be collected on earnings up to the regular wage base ($142,800 in 2021) as well as on earnings over $400,000. These additional revenues would be used to expand benefits for specific groups of people. Find out how this might apply to you.
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