For most Americans, Social Security is an important source of retirement income. In fact, the Social Security Administration (SSA) reports that Social Security benefits make up about 33% of a retiree's income. * Many people see when to start taking Social Security as an easy decision — and unsurprisingly, many choose to enroll as [...]
How to cover the basics and beyond Let's face it. No one wants to spend time planning while on the go. But what if you don't? Without proper planning, you can't choose who gets what you've fought for all your life. If you want to be the one to make those decisions, you need an [...]
Many investors are concerned about the possibility of a recession. Typically, with talk of a recession comes the thoughts of withdrawing money from the stock market and placing it elsewhere. This can result in capital losses, and later, when the stock market recovers, investors regret selling their stocks out of panic. This article [...]
A strong dollar is a problem for investors in 2022, as the U.S. dollar will have increased an amazing 14% when compared to a basket of currencies. But what is worrying is that relative dollar strength is now quite extreme: The dollar is at its highest level against other major currencies in 20 [...]
What are Roth IRAs? Why should you consider it? At first glance : A Roth IRA is an individual retirement account that is funded with after-tax money. Roths offers tax-free growth and tax-free retirement withdrawals. However, Roths has many considerations and benefits, including eligibility. A Roth IRA can provide versatility and tax efficiency when [...]
If your baby has already turned three, and you still have not created a college tuition strategy, you are not alone, but you are losing out. While many parents neglect the first few years of their child’s financial life, early college savers enjoy a longer period of compounding growth. When you consider that college tuition [...]
With tax season fast approaching, now is a great time to brush up on some of the basics, including capital gains, different types of accounts, and recovering tax losses. Are you ready ? Let's start. How are taxable brokerage accounts different from IRAs and other retirement accounts? Taxable brokerage accounts can take many forms [...]
At first glance : Retirement income resources and strategies are available to help you achieve your goals and mitigate retirement risks. Start thinking about your retirement today. For many, retirement comes with a sigh of relief – after years of hard work, you can finally relax and reap the rewards of your labor. One [...]
When your baby turns three, planning for college isn't usually at the top of the list — but maybe it should be. A recent study by Vanguard notes that early college savers tend to have lower monthly savings rates over time, greater flexibility when adjustments are needed, and sometimes complex "mark versus net." Paying [...]
What comes to mind when you hear the words "social security benefits"? Maybe you're curious about the future of Social Security or worried about its availability when you start claiming it. Some of my clients wonder why we bother to incorporate this into their financial plans. While there have been some disturbing headlines, I'm [...]
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