It sometimes seems like the landscape is always changing with Social Security. Let’s start with some good news – the approved 2024 cost of living increase is 3.2%. This is compared to the 8.7% boost that occurred this year (2023). On average, retirees will receive a $50 per month increase in social security retirement benefits. …
Retirement Planning
Retirement Planning
Look Beyond Your Financials Retirement is supposed to be fun, right? It’s the prize for your hard work and dedication to your job, family, community, and more. Then why might the idea of or your actual retirement sometimes feel a little bit terrible? You and various members of our team have worked together and done …
Navigating Medicare
Medicare Medicare – a most common topic of discussion among those age 65 and older. Why? Medicare can be complicated. People often use the advice and lessons learned from others to support their own decisions. We think it is important for you to have the best plan available for your personal healthcare and financial situation. …
How We Save Your Tax Dollars
Tax Efficiency 101 – How We Save Your Tax Dollars One of the things that we pride ourselves on is our work with clients on tax efficiency. What do we mean by that? Globally speaking, something is “tax-efficient” if it is taxed at a lower rate than an alternative. Basically, tax efficiency refers to doing …
Roth vs. Traditional Contributions
Roth vs. Traditional Contributions For those actively working, there are many benefits and other financial decisions to make each year. One key decision is associated with your employer savings plan. Many of us hear the term Roth and aren’t quite sure what it means. It is a type of contribution that you can make to …
Financial Planning for Retirees
Successful financial panning for retirees is often looked at as the goal of financial planning. However, the planning process does not end there. In fact, once you retire, there are many key events that a good plan should address and unique sets of challenges that go with them. Just today, we had a client comment …
Smart Decisions for Snowbirds
Create the freedom to follow your life wherever it leads. With nearly half of our client base already living the snowbird lifestyle, before and after retirement, we know there is a lot more to consider than where to buy a new home. If we were to list all the decision points for someone considering having …
Healthcare Considerations
Multi-State homeowners may come across some unique healthcare considerations. Here are some important healthcare considerations to keep in mind: Health insurance coverage: Review your health insurance coverage to ensure that it provides adequate protection in all the states where you own homes. Some health insurance plans have limited coverage or networks outside of your primary …
3 Key Principles – Planning for Retirement
We get it. Finances can sometimes feel stressful and complicated. Life is a series of events – some simple, others complex. Planning for retirement is one of the more complex. That’s why we are dedicating a portion of our newsletter to specifically address some of the most pressing retirement planning related topics and concerns for …
7 Tax Essentials
7 Tax Essentials for Snowbirds Snowbirds frequently head to places like Florida, Arizona, or California in the winter months, and come back during the summer months. Before you pack up and fly away, here are 7 tax essentials to help you figure out the tax side of being a snowbird. Decide on your “tax residence.” State …