"What should I do with my 401k when I retire?" Many people about to retire ask that question. In episode 6 of the "Fortify Your Financial Kingdom" podcast, America's "Family Money Doctor, Jerry Yu, provides some possible answers to the dilemma of what to do with your 401k when you leave your job. https://www.youtube.com/watch?v=q0YPPTzukVY&t=5s [...]
Authored By Tom Ozimek,Epoch Times The 2024 cost-of-living adjustment (COLA) increase for Social Security recipients is likely to be a fraction of what it was in 2023 and a disappointment to many seniors, according to a nonpartisan seniors group, which found that some eight in 10 retirees report they're still reeling from inflation. The latest COLA [...]
"The higher your income, the more critical tax-efficient investing becomes." By Kenneth Reeves Apex Financial Nearly every American understands that taxes are one of their most significant expenses. Wealth planners regard taxes and inflation as the two most erosive forces impacting savings. Tax planning strategies are critical components of sound retirement planning, even for [...]
Authored By BY PORTFOLIO ARMOR/ BY PORTFOLIO ARMOR FRIDAY, MAR 10, 2023 - 15:27 "You got it all wrong, Joe. You're money isn't here right now. It's in Franks bullshit startup, and 100 other completely worthless ideas."--Eddy Elfenbein, riffing on the classic bank run scene from "It's a Wonderful Life". So Much For Effective Altruism In [...]
In an age where financial services are increasingly digitally-delivered, pre-retirees and retirees need assurance that their advisors are honest, trustworthy, and acting in their best interest. That’s why having a fiduciary advisor like Daniel Stewart has become so critical to retirement success. A Certified Financial Fiduciary (CFF) ®, Daniel Stewart has extensive experience in both [...]
"You may be one of the many people over 65 who are making Health Savings Account (HSA) contributions. Be sure you are following the rules to the letter." Donna McElroy. By Donna McElroy Most clients know I am a big fan of Health Savings Accounts (HSAs). HSAs can potentially save people THOUSANDS of dollars [...]
"Over 70% of seniors say they feel their retirements are underfunded. This statistic could indicate trouble ahead for an already vulnerable population."- Sean Sparkman Retirement and most other senior issues have become so politicized that it's hard to make more than just token changes to the system. Anything meaningful that helps Americans save more [...]
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Given our current economic situation, inflation risk is a genuine concern for those retiring within a few years. Concerns about inflation are also a typical objection seniors have when considering purchasing an annuity. Many of the more popular annuity products insurers offer only pay a fixed monthly income not adjusted for inflation. For example, [...]
