Can you believe that 2023 is just weeks away? While it may be wise to take care of some year-end financial tasks if you haven’t already, now is also the time to start considering the future. This is where the tried-and-true new year’s resolution comes into play! It can be tempting to make lofty goals …
Continue reading “Resolving to Get Financially Smart in 2023? Here’s How”
With the end of 2022 on the horizon, it’s important to remember that financially, we are living in uncertain times with inflation, volatility and unpredictability. It’s more important than ever to be fiscally cautious, aware and responsible by saving, reducing taxes, reviewing investment allocations and planning for 2023. Here are 5 key financial steps to …
Continue reading “5 Financial Moves to Make Before the End of 2022”
The COVID-19 pandemic threw a sharp curveball in the trajectories of countless lives, the aging workforce being no exception. From those who resigned from their positions out of health concerns to those who took their employers up on early retirement offers, many Americans suddenly exited their careers, assuming that chapter of their life had drawn …
Continue reading “Retiring from Retirement: Reentering the Workforce in 2022”
Grandparents Day is a day which celebrates the love and support given by grandparents to their grandchildren. The wisest man in the world King Solomon once wrote, “a good person leaves an inheritance to his/her children’s children”. Many hear the word inheritance and think it’s about leaving a nest egg. Another type of inheritance may …
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Retirement is the time to reinvent yourself. After years of managing the everyday hectic nature of working full time, retirement offers a refreshing change in lifestyle. Suddenly, your reality is that your days are now days and not work days. With this comes a challenge as well as a new opportunity to grow. All your …
Continue reading “7 Unconventional Ways to Spend Time in Your Retirement”
In a year which many thought would never end, miraculously we have found ourselves in December. Before the clock strikes midnight on New Year’s Eve, there are some easy steps to take on your own to prepare yourself for the upcoming Tax Season. While we highly recommend turning to trusted tax professionals for your tax …
Continue reading “Do It Yourself Year-End Tax Planning Tips”
With the pandemic well underway, you may be taking a second look at your retirement plan. Will you have enough income to retire? Can you afford your taxes? What about healthcare? Have you reviewed your estate plan? More and more questions may be surfacing as the world changes around us. To help navigate through this …
Continue reading “6 Ways to Evaluate Your Retirement Plan During The Pandemic”
Do you plan to leave money, assets, or other belongings to loved ones after you pass away? If you become seriously ill or incapacitated, who do you want to make financial decisions on your behalf? What about healthcare decisions? A well-constructed estate plan addresses all of these questions and more. Unfortunately, many people mistakenly believe …
To slow the spread of COVID-19, the disease caused by the novel coronavirus, the CDC recommends that Americans practice “social distancing.” Proper social distancing means keeping at least six feet away from other people. However, being socially responsible doesn’t have to be boring. Here are five ways to stay happy and healthy while practicing social …
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The SECURE Act is the largest piece of retirement legislation to pass Congress since the Pension Protection Act of 2006. Signed into law at the end of December 2019, the SECURE Act went into effect on January 1st, 2020. But that quick turn-around has left many Americans wondering how the bill will affect their retirement …
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1. Missed Deadlines What it is If you don’t take your RMD or take it after the December 31st deadline, you will be subject to a 50% penalty. That means half of your withdrawal goes directly to the IRS. What you can do about it You have the option to appeal the penalty for a …
Continue reading “4 Common RMD Mistakes You Might Be Making”
Want to strengthen your relationships, improve your physical health, and relieve stress? The answer, according to several scientific studies, might be gratitude. Believe it or not, gratitude can also positively impact your finances—and not just because it’s free. Gratitude draws our attention to the parts of our financial lives that are overlooked, underutilized, or ignored. …
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