Jul 26, 2023 | Investing, Retirement Planning
Weekly Update – 7/26/23 Retirement is a time when most people expect to enjoy the fruits of their labor, with financial security and a steady income from investments or savings. However, for some individuals, this period can present a unique financial challenge: being...
Jul 17, 2023 | Retirement Planning
In IRS Notice 2023-54 issued today (July 14, 2023), the IRS provides relief for 2023 missed RMDs (required minimum distributions) for IRA beneficiaries subject to annual RMDs within the 10-year payout period. The Notice also extends the 60-day rollover deadline for...
Jul 13, 2023 | Finances, Investing, Retirement Planning, Saving Money, Social Security
Preparing and planning for unexpected costs in retirement is an essential step in ensuring financial security and peace of mind. Here is a checklist of steps to take to help you prepare for unexpected costs in retirement: Spousal IRA: Consider establishing a spousal...
Jul 13, 2023 | Finances, Investing, Retirement Planning, Saving Money
Weekly Update – 7/12/23 A target-date fund is an investing tool, often in the form of an ETF or mutual fund, that adjusts its investment strategy based on how much time there is until the target date. The investments are strategized for long-term growth when you are...
Jul 5, 2023 | Investing, Retirement Planning
Understanding your risk tolerance is a crucial aspect of how effective your income and wealth preservation strategy can be. Without knowing your risk tolerance, you could be leaving a lot on the table or risking a major decline in your wealth. Here are three questions...
Jul 5, 2023 | Finances, Retirement Planning, Saving Money
Weekly Update – 7/5/23 A recent study by Investopedia found that Generation X’s biggest worry is retirement. The survey found that although many members of Gen X feel like they understand their finances, they are still concerned about transitioning into retirement....
