by Daniel Stewart The annual Cost of Living Adjustment (COLA) is a lifeline for many seniors on Social Security, ensuring their benefits keep pace with the rising cost of living. However, in 2024, seniors face a much smaller bump of 3.2% in their benefit checks. If you are retired or about to retire, you need [...]
Are taxes poised to increase? What are the factors shaping the future of taxation? by Teresa Kuhn, JD, RFC Unless you're a tax attorney or CPA, you probably don't like talking about taxes. However, if you're like most people, you certainly realize their impact on your wealth and financial well-being. So, let me ask you, [...]
Jerry Yu "The Family Money Doctor". In this short video, Jerry looks at the dreaded "required minimum distribution" or RMD to see how this required withdrawal might be used to help retirees increase their income once they stop working. Discover more from Jerry Yu: https://www.youtube.com/watch?v=GTfRCTAo6x0
I had a chance to sit down with Andrew Winnett, founder and Principal of Retirement Renegade (formerly Legacy Builders Financial) to discuss why he decided to change directions and take his full service financial firm nationwide. If you are a retiree looking for a firm you can trust and who will always act in your [...]
Providing peace of mind and protecting your most important asset (you!), life insurance is a valuable financial tool for individuals, businesses, and families. However, managing life insurance's costs is essential to ensure you get the most coverage for the least amount. Fortunately, some strategies can help you lower the costs of life insurance. Here are [...]
by Daniel Stewart Turning 65 is one of Americans' most significant life events. It often marks the beginning of retirement, a transition out of employment, and changes to your health insurance. One aspect of health coverage that raises questions as people approach this age is how Medicare affects their Health Savings Accounts (HSAs). HSAs are [...]
Annuities are an often misunderstood but highly beneficial tool for retirement planning- Katie Benson by Katie Benson Although individuals and businesses have used them for centuries, annuities have gotten a bad rap recently. This tarnished reputation has likely arisen because of how annuities are marketed and sold by overzealous agents. Yet, when a company creates [...]
Authored By Katie Benson With their promises of financial security and regular payouts, income annuities may be an attractive option for retirees. However, the ideal age to purchase an annuity isn't the same for everyone. Younger individuals may not reap the same benefits from income annuities as their older counterparts. In this article, we'll discover [...]
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by Brian Swerdlow Even long-time government employees may not know much about the FERS Supplement. This supplement is a valuable but often overlooked benefit for those in the Federal Employees Retirement System (FERS) who retire before age 62. Who qualifies for the FERS Annuity Supplement? FERS employees who end their service before age 62 and [...]
Authored By Katie Gatti,The Money with Katie Blog During my junior year of high school, I found myself in an unexpected situation where I had the highest grade point average in several of my classes. It wasn’t thanks to any sudden stroke of genius (my prefrontal cortex still had a way to go), but an [...]
Authored By Charles Hugh Smith Value varies. Invest in what's valuable. It's a well-recognized human bias to feel losses more acutely than gains. Perhaps something similar occurs with inflation. As essentials soar in cost--i.e. non-discretionary expenses such as shelter, food at home, utilities, childcare, healthcare insurance, etc.--our only response is sighing resignation: yes, it's a ripoff but [...]
