by Brian Swerdlow Anchor Financial If you're nearing retirement, you may be considering purchasing an annuity to provide more safety and stability to your portfolio. Indeed, an annuity can be a fantastic safe money option that provides a reliable income stream in your retirement years. However, annuities, while they are indeed a powerful tool [...]
by Brian Swerdlow Many retirement researchers claim that as the economy becomes more chaotic, those with traditional 60/40 portfolios could experience substantially better performance than those who've taken on added risk.- Brian Swerdlow Many retirees and pre-retirees enter 2024 burdened by fears of further monetary instability, inflation, and perhaps even social unrest. Some of [...]
https://www.youtube.com/watch?v=EiciTn6QepU
If you're a senior age 72 or 73 with qualified plans (401ks, IRAs, etc.) you are required to take RMDs (Required minimum distributions) or you could face significant IRS penalties. Get with your financial advisor or CPA before December 31st and take care of this. Economic Ninja explains: https://www.youtube.com/watch?v=zSI2nDlZZdE
The "72T" IRS code is fraught with nuanced rules and regulations, perhaps even some ambiguities. Yet, this code opens the door for those who want to take penalty-free withdrawals from your retirement accounts before the age of 59 and a half. In this episode, Bryan Anderson of AnnuityStraightTalk helps you discover what you need to [...]
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 [...]
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 [...]
"Recent funding boosts and automated systems are increasing the likelihood of IRS audits. Plan now to avoid these potential headaches." by Daniel Stewart IRS audits are stressful, time-consuming affairs that often result in costly fees and penalties. Concerned about declining audit rates, Congress up the ante, recently earmarking more than $45 billion specifically for tax [...]
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, [...]
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 [...]
