Work to Wealth
Major Risks to Family Wealth
Our featured article of the month, Major Risks to Family Wealth, highlights some of the more commonly made mistakes investors make when planning for their family wealth's legacy is incomplete or ignored. Many, even without substantial financial wealth, do not appreciate the implications of such a misstep. The Federal estate tax limit in 2022 is $12.06...
Are You Retiring Within the Next 5 Years?
Our featured article of the month, Are You Retiring Within the Next 5 Years?, asks some foundational questions when considering and planning for your future retirement. Questions regarding necessary income levels to cover expenses, retirement home(s) location considerations, as well as portfolio adjustments based on your needs. Additionally, considerations for your retirement lifestyle, meaning, what are...
Fed Chair Changes His Tune
Our featured article of the month, Fed Chair Changes His Tune, describes the recent shift in language being used by Chairman Powell to address inflation in the economy. As inflation continued to gain traction throughout 2021, Chairman Powell had no choice but to acknowledge what many consumers have already realized, inflation is here to stay....
Wise Decisions with Retirement in Mind
Our featured article of the month, Wise Decisions with Retirement in Mind, highlights some of the larger goals that should be explored prior to ultimately making the decision to retire. While the article describes some sound prudent steps to help you determine your retirement readiness, others speak to the retirement lifestyle you are seeking to obtain. For instance,...
End-of-the-Year Money Moves
Our featured article of the month, End of the Year Money Moves, provides a few questions that may help you consider some necessary or prudent moves prior to year-end. With another year of significant disruptions, work statuses may have adjusted, resulting in changes in your tax status. You may have increased your charitable contributions due to the...
Are Your Taxes Going to Change?
Our featured article of the month, Are Your Taxes Going to Change?, briefly touches on the pending legislative actions being proposed in DC that may impact your personal finances. As mentioned, this process will likely take months to iron out and may very well never get passed at all. However, the significance of the proposed legislation...
A 6.1% Bump in Social Security?
Our featured article of the month, A 6.1% Bump In Social Security?, briefly describes the potential for one of the largest COLA (Cost Of Living Adjustments) in almost 40 years. With the topic of the day centered on inflation, the rising cost of goods and services, seniors collecting SSA benefits may see quite a significant...
Why Do People Spend the Way They Do in Retirement?
Findings From EBRI’s Spending in Retirement Survey Summary InfoGraphic PDF The Employee Benefit Research Institute’s (EBRI’s) Spending in Retirement Survey was conducted in September 2020. An online survey, the Spending in Retirement Survey queried 2,000 individuals ages 62 to 75 about their spending habits and their situation at and during retirement. Ninety-seven percent reported being...
2021 Retirement Confidence Survey
Our featured article of the month, 2021 Retirement Confidence Survey, illustrates just a slice of the immense amount of data EBRI tallied in their annual survey of retirement expectations. A summary of the 35 page report can be found HERE and an infographic on retiree spending can be found HERE. As stated in part of...
Life Insurance with Long Term Care Riders
Our featured article of the month, Life Insurance with Extended-Care Riders, briefly touches on a topic of growing importance as our Boomer generation ages; funding Long Term Care. While the article uses the term "Extended Care", the terms are synonymous. Long Term Care (LTC) needs are expanding greatly as seniors live longer and medical advancements...