Financial Planning
How to prepare for the ‘survivor’s penalty’ before a spouse passes
Many older women outlive their spouses and may not anticipate higher future taxes after such a loss. Financial experts suggest proactive measures to navigate this challenge. With American women having…
Read MoreThe 4% Rule for Retirement Is Back
Encouraging news for prospective retirees: The 4% rule is back! Thanks to higher interest rates and bond yields, new retirees can potentially spend 4% of their nest eggs in the…
Read MoreTime to Act on These End-of-Year Tax Planning Tips: Tax Letter
Year-end tax planning is on the horizon! With two months left in 2023, this letter outlines strategic actions to trim your federal tax bill. Focus on individual planning, investments, gifts,…
Read MoreWarren Buffett ‘Doesn’t Think College Is For Everyone’ — Here’s Why
Warren Buffett’s academic journey: The legendary investor attended college twice, earning a bachelor’s degree in business administration from the University of Nebraska after transferring from The Wharton School at the…
Read MoreCould an In-Service Distribution From Your 401(k) Work for You?
Could you unlock financial flexibility with an in-service distribution – a potentially rewarding money move often overlooked in retirement planning. How do you determine if this strategy aligns with your…
Read MoreDo I need a financial advisor to achieve financial freedom?
From saving for retirement to purchasing a home or funding your children’s education, achieving major financial milestones can be challenging. Enter the financial advisor – your guide to developing a…
Read MoreExcited to take Social Security at 62? Slow down — here are 5 top reasons claiming your benefits at such a young age is a bad idea
Considering claiming Social Security benefits at 62? While it might seem tempting to access the money you’ve been contributing through payroll taxes, waiting could result in significantly higher monthly payouts…
Read MoreAll taxpayers should do this as soon as possible, IRS advises
The IRS adds a year-end task to your to-do list: Review your tax withholdings promptly. To prevent surprises when filing returns next year, taxpayers are urged to verify their withholdings.…
Read MoreThe Big Mistakes People Make in Medicare—and How to Avoid Them
Seniors can unwittingly stumble into costly traps that limit their healthcare choices. Lothaire Bluteau, a 66-year-old actor from West Hollywood, found himself in a bind with Medicare Advantage when he…
Read MoreHere are 5 uncomfortable truths about retirement — that you really need to hear. (Especially if you want to call it quits early)
Retirement is the quintessential American dream. While some may fantasize about wealth and fame, the ultimate goal for many is financial independence, allowing them to enjoy life without the need…
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