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5 Steps to Successful Retirement Planning

5 Keys to Retirement Planning in 2022
Your Guide to Successful Retirement Planning

It’s a New Year, and that’s something to celebrate! This year is the year for a renewed focus on planning and preparation in the five key areas of retirement planning. These are the building blocks of any solid retirement plan, and this guide will detail each one. Whether 2022 is the year when you retire or not, it’s the year to create a truly comprehensive retirement plan that addresses each of these areas.

2022 Tax Planning Guide

2022 Tax Planning Guide
2022 Edition

After a tumultuous 2021, filing your taxes this year could be complicated. Maybe you stopped working, realized investment gains, created an estate plan, or went from itemizing to claiming the standard deduction or vice versa. There are many factors that can impact whether your taxes will increase and whether you need to rethink your tax strategy.

The Social Security 2021 Guide

The Social Security 2022 Guide
Maximizing Social Security in Today's World

Many Americans rely primarily on Social Security in retirement, and even if you don’t, you still want to know how to claim your maximum benefit. Although you will most likely not be able to maintain your current lifestyle on a Social Security benefit alone, it can make up a significant portion of your income and is guaranteed for as long as you live.

Women's Retirement Planning Guide

Women's Retirement Planning Guide
Work to Reduce Your Taxes This Year and In The Future

They say “men are from Mars and women are from Venus” and their differences carry over into financial planning. In a world where women oftentimes share, or own, the responsibilities of household finances, and many are the major “bread-winner”, it makes sense that you are adequately addressed. There are a disproportionate number of men in the financial space today, so let’s take a moment to address some financial needs unique to women.

The Social Security 2021 Guide

Retirement & Inflation Guide
What to Know and How to Prepare

We have seen increased government spending due to COVID, and will likely see more in the next few years, leading to more debt. Some economists theorize that this could lead to increased inflation, in the short-term and/or the long-term. You may have already realized higher prices on the items you buy every week and be wondering if we’ll see the high inflation of the 1970s again. If you are nearing or in retirement, you need to protect yourself from the eroding effects of inflation, even if it never rises to the level it did during the 1970s.

Long-Term Care Guide

A Short Introduction to Long-Term Care
2022 Edition

Americans today are living older than in the past: In 1950, life expectancy for Americans was 68 years old, and in 2022 it’s nearly 80.1 Of course, many people live to be older than that. In fact, the Census Bureau estimates that by 2050, Americans 90 and older will make up 10% of the population.2 A longer, healthier life is certainly a blessing, but it comes with extra costs that are important to consider when creating a retirement plan.

Pensions, Buyouts, & Retirement Income Guide

Pensions, Buyouts, & Retirement Income Guide
Your guide to Pensions and more.

Here’s proof that funding retirement has changed: In 1970, 45% of private-sector employees were covered by a pension plan. Now, 4% are covered. If workers do receive their pension, they may have to decide between receiving larger payments over their lifetime or receiving smaller payments over their and their spouse’s lifetimes.

Age 5 to 55

Age 5 to 55
What Your Kids Need to Know About Finances

You taught your kids how to tie their shoes, to look both ways before crossing the street, and countless other lessons. But what have you taught them about money? Many parents may feel uncomfortable talking about the subject with their children, no matter how old they are. But, there are important lessons to teach your children about finances at any age.

The Ultimate 401k Guide

The Ultimate 401k Guide
Take Control of Your 401(k) Before and During Retirement

We all know that a 401(k) is one of the most important retirement planning tools we have. You pay into it for decades and will likely need to rely on it, among other income sources, for decades in retirement. The potential tax benefits and power of compound interest can make it a great saving and investment tool for anyone who practices financial discipline and contributes regularly.

Important Birthdays Over 50 Guide

Important Birthdays Over 50 Guide

Happy Birthday! Now the real fun begins. Before you begin planning your retirement, be sure to mark these important dates in your calendar. Starting at age 50, several birthdays – including “half-birthdays” – are critical to understand because they have implications regarding your retirement income.

59 and a half Guide

Why 59 1/2 is an Important Age

It’s the middle of summer vacation and you’re watching Neil Armstrong take one small step for a man and one giant leap for mankind. It’s July 20, 1969 and most everyone in America has stopped what they’re doing to watch the event that John F. Kennedy promised would happen just a few years earlier.

59 and a half Guide

Required Minimum Distributions
Are You Ready For RMDs?

While Required Minimum Distributions are normally due every year, the CARES Act, signed into law on March 27th, 2020 suspended RMDs for 2020. This includes RMDs from inherited accounts. This also applies to anyone who turned age 70 ½ in 2019 and would have had to take their first RMD by April 1st, 2020.

Market Volatility in the New Age

Market Volatility in the New Age
Retirement Planning in an Uncertain World

Planning for retirement is never a “set it and forget it” activity: There are unexpected disasters, market drops, and changing laws that invariably cause retirees to reevaluate their plans of action. There’s no way to predict everything that will cause market downturns, but you can prepare yourself by having a solid financial plan in place.

The SECURE Act

The SECURE Act
How The SECURE Act May Affect Your Retirement

In late December 2019, President Trump signed into law the SECURE Act, the most sweeping retirement account legislation passed in close to 20 years. The most significant changes that affect retirees include raising the age for Required Minimum Distributions (RMDs) for retirement accounts, and changing how retirement accounts are inherited by your heirs. The SECURE Act also intends to make retirement plans more accessible for younger workers.

5 Steps to Successful Retirement Planning

Your Real Estate Guide
Investment Options, Tax Planning, & Exit Strategies

From 1953 to 2021, the median home price in America increased from $185,290 to $342,844, adjusted for inflation. Just in 2021 alone, home prices went up 19%. Considering this level of appreciation and steadily rising rental prices, owning real estate can have its benefits. But, investing in real estate is quite different from owning or selling a first home in terms of risk, taxation, and upkeep.

7 Keys To Investment Success

7 Keys To Investment Success
Unlock the mystery of building long-term wealth

Building your wealth is a long-term process that takes time and a willingness to learn. It involves more than just investing in the right stocks and bonds or trying to pinpoint when the best time is to buy and sell.

Navigating Life Transitions

Navigating Life Transitions
Align Your Changing Priorities With Your Money

A great financial plan is one that aligns your priorities with your money. But what happens when your priorities change? While every life transition poses its own unique set of challenges, a few guidelines can be applied to successfully navigate a course change life throws your way.

A Review of the Tax Cuts & Jobs Act

A Review of the Tax Cuts & Jobs Act
Understand the Major Changes & What That Could Mean for You

The Tax Cuts and Jobs Act provided numerous changes to the tax code, including reducing tax rates for businesses and individuals, simplifying personal taxes, eliminating personal exemptions, limiting deductions for state and local income taxes, and much more.

Beneficiary Checklist

Beneficiary Checklist
Ensure Your Beneficiary Designations Reflect Your Wishes

Are your beneficiary designations for your retirement accounts up-to-date? You should periodically review your designations to protect the ones you love and ensure your intentions upon death are clear.

Executor Checklist

Executor Checklist
Successfully carry out your appointed duties

Settling the affairs of a loved one who dies is an important responsibility that requires time, patience, and a certain amount of organizational skill. An executor is charged with sorting out the finances, paying debts, and dividing what remains among beneficiaries.

Vital Records Worksheet

Vital Records Worksheet
Resolve to Get Your Affairs in Order This Year

Our lives, in many ways, can be recounted through aspects of our personal records and other important legal documents. Yet, when the time comes, can these critical papers be easily found? With a little preparation and planning, this information can be readily available at your fingertips.

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