The ABCs (and Ds) of Medicare
Healthcare costs are a major concern in retirement, but Medicare can help. With nearly 97% of seniors covered by Medicare, understanding your options is crucial whether you’re already retired, planning ahead, or helping family members. This informative video explains the four parts of Medicare (A, B, C, and D) so you can make confident decisions about the coverage that best fits your needs.
New RMD Rules From Secure Act 2.0
The SECURE Act created the most significant changes to retirement plans since 2006. This included raising the required minimum distribution age for retirement accounts. How does the SECURE Act affect your retirement income and tax planning?
Why You Should Never Write a Check to Your Favorite Charity
Why should you never write a check to your favorite charity? Because there are better ways to support the causes that you care about. Watch this video to learn about two strategies that will mutually benefit both you and the organizations that do good for others.
What Are Asset Classes?
What do a Great Dane and a Toy Poodle have in common? At first glance, seemingly nothing. Side by side these two animals will look comical together. Yet we still categorize them both as dogs because, despite the dramatic difference in appearance and stature, these breeds have similar characteristics shared by all domestic canines. In the world of investing, investments that share similar characteristics are organized into groups called Asset Classes. Asset classes can appear and act as differently as the Great Dane and Toy Poodle.
Focusing on Your Financial Wellness
Financial wellness is an important but often overlooked component of personal success. Many people believe that wealth and financial freedom are impossible to attain, but it doesn’t have to be this way.
Six Financial Resolutions for the New Year
As 2023 approaches, we are reminded that a new year represents a new beginning, bringing new possibilities and opportunities. People worldwide take inspiration from this and make New Year’s resolutions to improve their lives in many areas, including physical health, emotional well-being, finances, quality of life, and spending more time with family and friends. On this podcast, we talk about the psychology behind successfully implementing New Year’s resolutions. We then specifically focus on finances and provide six financial resolutions for 2023 to help you achieve your financial goals.
Financial Strategies to Consider Before Year End
As 2022 comes to a close, here are some things to think about before year-end. The end of a calendar year is a good time to meet with your wealth advisor to review your overall financial plan, discuss any changes to your individual circumstances, and implement any available tax strategies. If you don’t have a wealth advisor, now is a great time to begin a conversation so that you can begin 2023 with the confidence that comes with a solid financial plan designed to help you reach your goals.
How the 2023 Social Security Cost-of-Living Increase Could Impact Your Tax Burden
By now, you’ve undoubtedly heard the news that the Social Security Administration (SSA) will increase benefits by 8.7% in 2023, which exceeds last year’s boost of 5.9%, and will be the largest increase since 1981. The annual increase to Social Security benefits, called the cost-of-living-adjustment (COLA), is meant to help ease the burden of rising costs in all areas of the economy. While the COLA can help restore retirees’ purchasing power by boosting retirement income, it also has broader implications, notably for taxes and income (or distribution) strategies.
Don’t “Fall” Behind on Your Financial Planning
With summer officially over and fall underway, here are some tips to make sure you don’t “fall” behind on your financial planning as the end of the year approaches.
12 Questions to Ask Every Financial Advisor
What should you know about a financial advisor who you are trusting to help you with some of your life’s most important decisions? On this podcast our special guest is Tony Schmitt, President and CEO of GreenUp Wealth Management, who discusses 12 questions you should ask every financial advisor. Whether you already have an advisor or need to hire one, it’s important that you tune into this podcast. Also, please take a moment and share this podcast with someone you care about, helping them achieve their financial goals.