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2018 Year End Contribution Reminders

2018 Year End Contribution Reminders

Tax season comes quickly after the year comes to a close. In 2018, a few changes have occurred due to legislation that was created by the Tax Cuts and Jobs Act of 2017. One of the main changes was a lowering of tax rates and a near doubling of the standard deduction. Also, a number […]

Year-end Planning for Retirement

3 Year-End IRA and 401(k) Moves

When it comes to year-end planning for retirement accounts, there is no time like the present! With just weeks left in 2018, there is precious little time left to make sure that you’re taking advantage of available planning opportunities and avoiding costly penalties. With that in mind, here are three year-end IRA and 401(k) moves […]

How are Social Security Spousal Benefits Calculated?

How are Social Security Spousal Benefits Calculated?

Social Security spousal benefits are probably the most confusing benefit because they are considered a family benefit. But even more confusing is how the benefit is calculated. First, let’s determine if you are eligible. To qualify for Social Security spousal benefits: Both you and your spouse must be at least 62 Married at least 1 […]

7 Steps to Take Control of Your Retirement

7 Steps to Take Control of Your Retirement

As a financial advisor for over 30 years I shared with my clients the importance of getting their financial house in order. I stressed seven things they must do to prepare themselves for the future. I’m not suggesting that these are items that you should do but items that you must do. Let’s look at […]

There's More Than One Way to Retire

There’s More Than One Way to Retire

Why be normal, you might have asked yourself on occasion. Turns out, with retirement at least, there’s really no such thing. What you might think of as the “normal” way of retiring — leaving full-time work at a traditional retirement age and never working again — isn’t that common after all. Only 37% of U.S. […]

Choosing a Life Insurance Policy to Meet Your Needs

Choosing a Life Insurance Policy to Meet Your Needs

Any good wealth management plan involves the periodic evaluation of your financial goals and objectives—and a well-designed approach to help achieve them. Although often overlooked as a planning tool, life insurance can serve a broad spectrum of needs for individuals, families and business owners. Since there are a multitude of policies available, choosing the right […]

Five Financial Moves to Make in Your Twenties

Five Financial Moves to Make in Your Twenties

Time is your friend, and procrastination is your enemy. If I had a nickel for every time I heard, “I wish I’d started saving sooner,” I’d be rich(er). The earlier you start saving for your financial goals the easier they will be to achieve. Procrastination often leads older investors to take unwanted risk, which may […]

Bitcoin Will Regain Its Dominance in the Cryptocurrency Markets in 2019

Bitcoin Will Regain Its Dominance in the Cryptocurrency Markets in 2019

Bitcoin, the “peoples” currency, is expected to regain its market dominance in the cryptocurrency markets by the end of 2019. In terms of market capitalization, that is. That’s according to a recently published A.T. Kearney report. “By the end of 2019, Bitcoin will reclaim nearly two-thirds of the crypto-market capitalization as altcoins lose their luster […]

What You Should Know About 2018 Qualified Charitable Distributions

What You Should Know About 2018 Qualified Charitable Distributions

You have until December 31 to do a qualified charitable distribution (QCD) for 2018. This is an effective tax strategy that many individuals are overlooking. A QCD is worth considering if you are donating to charitable organizations and taking required minimum distributions (RMDs) this year.  With the increase in the Standard Deduction, many people (specifically […]

5 Ways to Avoid this Nasty Retirement Trap

5 Ways to Avoid this Nasty Retirement Trap

One of the main reasons retirees come up short is pretty simple: They didn’t save enough and underestimated their spending in retirement. According to a recent survey by Global Atlantic, “nearly two in five (39%) U.S. retirees are spending more than they expected and just under one-half (49%) of pre-retired consumers (ages 40+) believe planning […]