by Brian Swerdlow In the ever-evolving world of personal finance and wealth building and amid fears of market turmoil, many people seek safer ways to grow their wealth while avoiding as much risk as possible. For this reason, the idea of using specially modified whole life insurance as a money enhancement tool has gained [...]
"When you pass away, do your Social Security checks go away too?" If you're like most people, you're dreaming of the day when you'll no longer have to spend hours sipping lukewarm coffee during horrific commutes, when you can finally kiss your job (and maybe your boss) goodbye and enter your golden years. If so, [...]
With an estimated 70 million retirees expected by the end of 2030, the challenges and disparities in retirement savings and financial advice have become increasingly evident. Women, in particular, face unique retirement challenges, often lagging in savings and encountering obstacles in accessing quality financial advice. Several external factors contribute to the retirement disparities faced by [...]
By Teresa Kuhn, JD, RFC, CSA Living Wealthy Financial If you're like many Americans, you have money in your 401(k) or IRA plan. That’s a good thing, especially if your employer matches all or part of your contribution. Qualified plans and Social Security form the foundation of many retirement strategies. If you have children or [...]
Authored By Katie Benson, Let's Talk About Annuities In the 21st century, retirement is undergoing a significant transformation, shaped by various factors, including economic uncertainty, high inflation, and changing societal attitudes. -Katie Benson by Katie Benson For many people, the traditional notion of retiring at a fixed age and enjoying a life of leisure has [...]
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 [...]
One thing remains certain in a world of financial uncertainty: unexpected emergencies can strike any time. Federal employees, like anyone else, are not immune to being blindsided by unanticipated events. As history has shown, the possibility of a federal shutdown underscores the vital importance of having a personal emergency fund. The question is not "Do [...]
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 [...]
