5 Last Minute Tax Planning Tips

Before you file your taxes, consider these five last-minute tax planning tips. They might save you a bit of money.
Read MoreBefore you file your taxes, consider these five last-minute tax planning tips. They might save you a bit of money.
Read MoreIf you haven’t established a power of attorney yet, here’s why you should.
Read MoreMany retirees later discover that their old home simply does not suit them anymore and need to make changes to their retirement plans. It would be a good idea to investigate this topic now.
Read MoreAre you looking for a smart way to lower your tax bill and boost your retirement savings? If so, it's time to learn more about IRAs!
Read MoreOnce you can say “yes” to these three goalposts, you’re probably getting close to retirement.
Read MoreYou’ve just reached the age of Social Security eligibility (assuming you would file an early claim for benefits), so here's what you need to know at this time.
Read MoreYou can still set aside money in a retirement account and receive a deduction on your 2022 tax return.
Read MoreLike many retirees and those planning an imminent retirement, you might have felt thrilled to hear of the recent cost of living adjustment to Social Security benefits. The 8.7 percent increase represented one of the largest-ever...
Read MoreOf all the things you’re looking forward to in retirement, the freedom from an office is probably number one. Not only will you escape the pain of a daily commute; you won’t be tied to a particular location at all....
Read MoreAs you might already know, the SECURE Act made a number of changes to retirement account rules. Specifically, the age at which required minimum distributions (RMDs) must begin was raised from 70 ½ to 72, giving retirees a bit more...
Read MoreIf you miss the deadline for taking your first RMD, you could put yourself in jeopardy regarding potential penalties. Here’s what you need to know.
Read MoreUse these tips to strategize your generosity, and you can benefit yourself and others at the same time.
Read MoreTake the time to address these tax planning steps before the end of the year.
Read MoreBecause healthcare can become a considerable expense after age 65, you should carefully consider different methods of managing those expenses.
Read MoreHow much should you save for retirement from each paycheck? That’s one of the most common questions in the financial planning world. We generally recommend that our clients save as much as possible, for several very important...
Read MoreBecause you will likely be living on a fixed income in retirement, you want to minimize the impact of any “surprises” at this time of life. For some retirees, income taxes can come as a major shock. Yes, income taxes are...
Read MoreIf you’re due to retire soon, it would be understandable if you’re feeling a bit nervous about the uncertain state of the economy.
Read MoreIf you’re concerned about the impact of a COLA on taxes or your retirement budget in general, do get in touch with us to discuss your options.
Read MoreOnce you enter retirement, your out-of-pocket spending on healthcare is likely to increase. But you do have some options to keep costs down.
Read MoreNormally, we focus on retirement goals when putting together a plan. Once we help our clients identify their objectives, we create a strategy for a retirement income that hopefully provides for their future lifestyle. But we...
Read MoreMany of us tend to view age 65 as a target retirement age. That’s when you become eligible for Medicare, but it’s early enough that you hopefully still have many healthy years ahead of you. But some of us are ready to...
Read MoreMost of us feel a bit of anxiety as we approach our target retirement date. You want to be sure that you’ve planned for everything, but as you know, some things in life cannot be planned. Instead, we can only plan how to handle...
Read MoreBecause adequate advance planning can help you better strategize your tax return, you should think about it before the end of the year.
Read MoreBecause individual states do impose their own tax code, choosing a location can be critical in the retirement years. That’s why so many retirees choose to relocate after their working years have ended.
Read MoreLife will always throw us little surprises. But if you anticipate some of the possibilities, you can at least accommodate the possibility within your plans.
Read MoreA core element to financial health is to spend less than you make. It is simple until you put it into action. Here are 3 qualifiers to measure your budget by.
Read MoreHere are 5 components to help you create sustainable & achievable goals.
Read MoreAre you wondering what’s so confusing about Social Security? Here are nine of the most commonly surprising facts that many people don’t know.
Read MoreWhen we talk about retirement planning, most of us tend to focus on saving money and setting up one or more reliable streams of income for the future. But there’s another important component of planning for your retirement: How...
Read MoreYou might feel tempted to utilize a somewhat controversial method of paying off debts as your target retirement date approaches… But should you?
Read MoreWith inflation rising rapidly, how will your retirement income and lifestyle be impacted?
Read MoreOnce you enter retirement, you will need to switch your strategy from saving to taking withdrawals. And while doing so, you must navigate complicated IRS rules.
Read MoreBecause life tends to bring so many surprises, there are never any guarantees when it comes to retirement savings and planning. But this quick check-up can help you decide if you’re on the right track.
Read MoreIt is important to consider what happens to each of you if the other spouse passes away first. In most cases this is an unpredictable part of life.
Read MoreAt some point, you might feel that you’re ready to - or need to - claim your benefits. What if that decision turns out to feel like a mistake, and you regret it? Can you change your mind and delay your benefits until later?
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Over the past year and half, we’ve all thought about contagious diseases and healthcare much more than we normally would. Living through a state of emergency can prompt us to rethink many of our plans, including our estate plans....
Read MoreHave you set a target retirement date yet? Or, are you still evaluating your options? Either way, it is likely that you will continue to reevaluate your budget even after you retire! That’s because the costs of various goods and...
Read MoreIf there’s one thing that can change nearly every aspect of society, from broad trends down to individual lives, it’s a pandemic. As we’ve seen, the consequences of the Covid pandemic have affected us at every level....
Read MoreAsk ten different people about their dreams for retirement, and you might get ten different answers. But one theme will pop up regularly: Many of us envision a debt-free life. And in particular, paying off the mortgage before...
Read MoreAs Einstein once said, “Information is not knowledge. The only source of knowledge is experience.” Experience, whether intentional scientific experiments or simply life lessons, is the best way to gain wisdom. But we can...
Read MoreWashington lawmakers never fail to keep us entertained (or concerned, depending upon your perspective). But the latest news seems a bit confusing for many of you. What exactly is the debt ceiling, and why do they want to raise it...
Read MoreAfter decades of working, planning, and saving, you’re finally beginning to see the light at the end of the tunnel! But now, as you head into the final stretch of your career, you must avoid a few common mistakes. Make wise...
Read MoreIdeally, retirement planning begins early in your career and then continues for decades. You will make a number of decisions when you first open a retirement account, and then reevaluate those decisions throughout your career as you...
Read MoreMany Americans worry that they are under-prepared for retirement, citing insufficient savings and a rising cost of living. Even worse, according to the Federal Reserve one quarter of working adults have no retirement savings at all. In...
Read MoreAre you planning to retire sometime within the next decade? Many of us have been planning for this moment for many years, and now we’re in the home stretch of our careers. We hope you’re feeling confident about your plans,...
Read MoreNo, it is not your imagination. The cost of many goods and services has risen over the past year, and some of those price hikes are significant. Most household budgets have been impacted, and the measures of inflation are indeed...
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