Mastering Social Security in Your Financial Plan
Estimated Read Time: 5 minutes Social Security is a vital component of financial planning, offering a safety net for retirement, disability, and survivor benefits for Americans of all ages. Whether you’re just starting your career, mid-career, or nearing retirement, understanding Social Security can help you make informed decisions to secure your financial future. Beyond providing […]
Protecting Seniors: Elder Identity Theft and Its Impact on Financial Planning
Estimated Read Time: 5 minutes Identity theft is a growing menace in our digital age, and seniors are often in the crosshairs. When a criminal swipes a senior’s personal details—think Social Security numbers, bank account info, or credit card details—it’s not just a minor inconvenience. It’s a direct attack on their financial security, unraveling years […]
Qualified Charitable Distributions
Estimated Read Time: 5 minutes Qualified Charitable Distributions, known as QCDs, are a great way to reduce your taxable income while supporting a favoriate charity. QCDs entail a direct transfer of funds from your retirement account to a qualified charity. QCDs allow you to donate money to a charity of your choice while also excluding […]
Year End Investment Ideas
Estimated Read Time: 8 minutes The last thing any of us want to have to worry about this holiday season is another time-consuming task. However, year-end investment planning is one thing you can do now that will help set you up for financial success later on down the road. Not to mention, it will give […]
Is a Roth Conversion Right for You?
Estimated Read Time: 3 minutes One silver lining in the current bear market is that this could be an excellent time to convert assets from a traditional IRA to a Roth IRA. Converted assets are subject to federal income tax in the year of conversion, which could rack up a substantial tax bill. However, if […]
How to Breakdown Year-End Tax Planning
Estimated Read Time: 4 minutes The window of opportunity for many tax-saving opportunities closes on December 31, so it’s important to evaluate your tax situation now, while there’s still time to affect your bottom line for the 2022 tax year. In this blog, we will be breaking down the most important points to consider during […]