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Financial Planning
How the Social Security Bridge Strategy Works
Introducing a thoughtful exploration into the intricacies of Social Security collection. Delving into a specific strategy for determining when to take Social Security, it’s crucial to recognize that individual financial…
Read MoreThis Social Security Spousal Rule Is Officially Finished in 2024 — But These 3 Strategies Remain
A longstanding Social Security spousal rule concludes this year for most individuals, except those who turned 70 on Jan. 1, 2024. The rule, permitting recipients to switch between their benefits…
Read MoreWhat Comes After a Good Year in the Stock Market?
The stock market’s cyclical nature often sees bad years followed by good ones, though not without exceptions. The natural question arises: What occurs after good years? How frequent are positive…
Read More4 big things homeowners insurance doesn’t cover — and what you can do to protect yourself
Safeguarding your most significant investment, homeowners insurance is crucial, especially if you have a mortgage, as it is often a requirement. Commonly known as an HO-3 policy, standard homeowners insurance…
Read MoreHow Is Your Post-Retirement Stacking Up? Three Key Questions
Cheers to a successful retirement transition! As you embark on this exciting new chapter, ensure a rock-solid financial foundation with scenario planning. Guard against the top retiree fear—running out of…
Read MoreFour Reasons to Consider Doing Partial Roth IRA Conversions Now
Your lifelong financial companion: Taxes. If you’ve amassed a substantial IRA, navigating this expense is crucial. Despite hopes for lower taxes, the reality, with over $32 trillion in government debt,…
Read MoreAre You Taking Too Much Risk in Retirement?
The retirement fear we all share: running out of money. Whether it’s $1 million or $2 million, the worry persists. Market volatility adds to the anxiety, with memories of the…
Read MoreThe IRS is auditing the rich. Can you fly under the radar if you’re not wealthy?
IRS sets sights on high-earners: Unpacking the recent crackdown initiative. Amidst the shift, the IRS emphasizes the legal distinction between tax avoidance and evasion. In a notable move, audit rates…
Read MoreNext year, you can put more money away for retirement and get a tax break
Boost your retirement savings in 2024! The IRS has announced an increase in the 401(k) contribution limit to $23,000, up from the current $22,500. Individuals aged 50 or older can…
Read MoreAre You Ready to Retire? Find Out With This 10-Item Checklist
Navigating the retirement decision: As people enter their 60s, the question of when to retire becomes a common concern. Beyond financial considerations, the transition involves lifestyle adjustments for a fulfilling…
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