Thursday, January 21, 2021
You may be able to reduce your tax liability if you consider adopting these tax strategies before year’s end. Few words can dampen the cheer and optimism of a New Year like taxes. Let’s face it, the time for holidays, time...
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Tuesday, December 15, 2020
Required minimum distributions take on added urgency as you approach (and reach) age 72, with specific rules and tax implications. Seventy-two is an important age milestone for those in or near retirement, as it marks the time when...
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Monday, November 9, 2020
Consider the trade-offs before deciding what age to begin taking Social Security benefits As you get close to retirement, one of your biggest questions will likely be when to begin taking Social Security benefits. If you file at an age...
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Friday, October 9, 2020
Retirement savings isn’t the only financial goal you might want to consider in a lifetime. There are other considerable milestones that you want to take into account as well. When it comes to financial stability, people tend to...
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Monday, September 14, 2020
Careful planning can help you manage competing financial priorities Does this sound familiar? You keep meaning to increase your retirement plan contribution, but there seem to be too many other financial priorities that get in the way....
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Tuesday, August 11, 2020
Q: What makes 2020 a unique year for retirement?A: Big changes to retirement account rules. You can attribute those changes to two major pieces of legislation: the Setting Every Community Up for Retirement Enhancement (SECURE) Act, and...
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Tuesday, April 28, 2020
Distributions can be waived in 2020 for Inherited Accounts, 401(k)s, and IRAs. Recently, the $2 trillion “Coronavirus Aid, Relief, and Economic Security” (“CARES”) Act was signed into law. The CARES Act is...
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Wednesday, March 25, 2020
If you are losing sleep over volatility driven by a cascade of disheartening news, it may help to remember that the stock market is historically cyclical. The longest bull market in history lasted almost 11 years before coronavirus...
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Wednesday, March 18, 2020
https://www.youtube.com/watch?v=sNIe1xR6MBw&feature=youtu.be
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Monday, February 10, 2020
When it comes to investing, many people associate risk with losing money. But investing entails different types of risk. Understanding each type -- and the potential return associated with your retirement portfolio -- can help you...
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Wednesday, December 18, 2019
Detailed budgeting, frequent monitoring of income and expenses, and prompt action to address potential cash flow problems are essential elements of financial planning for retirees. Despite careful planning and reasonable assumptions...
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Tuesday, November 19, 2019
What steps might help you sustain and grow your retirement savings? “What is your greatest retirement fear?” If you ask any group of retirees and pre-retirees this question, “outliving my money” will likely be...
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Tuesday, October 15, 2019
What is the Medicare Open Enrollment Period? The Medicare Open Enrollment Period is the time during which Medicare beneficiaries can make new choices and pick plans that work best for them. Each year, Medicare plan costs and coverage...
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Friday, September 20, 2019
Breaking down the basics & what each part covers. Whether your 65th birthday is on the horizon or decades away, you should understand the parts of Medicare – what they cover and where they come from. Parts A & B: Original...
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Wednesday, August 14, 2019
If you are opening an individual retirement account (IRA) for the first time or need a refresher course on the specifics of IRA ownership, here are some facts for your consideration. IRAs in AmericaIRAs continue to play an increasingly...
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Friday, June 7, 2019
The Roth IRA is a powerful tax-favored retirement option since it can offer a hedge against future tax-rate increases. But beyond tax planning considerations, Roth IRAs have several important advantages over traditional IRAs:1. Unlike...
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Friday, May 3, 2019
Healthcare takes a bigger share of Social Security benefits as you age Many people expect that they will be able to live on less income in retirement. Some expenses clearly will fall for some (such as mortgage payments and commuting...
Read MoreOne thing “to do” during National Social Security Month By Vonda VanTil Grand Rapids, Michigan It’s National Social Security Month. If there’s only one thing that you do this month related to Social Security, do...
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Friday, March 8, 2019
After years of investing for retirement and other goals, you may have accumulated a substantial portfolio. If you're approaching or already enjoying retirement, there are important steps that you can take to help ensure that your...
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Friday, January 18, 2019
Steps to reaching financial wellness include having a budget, an emergency fund, a good credit score, and retirement savings. If you don't have a financial plan, that question may be hard to answer. To achieve financial wellness, you...
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