Compound Growth: Build Your Wealth Exponentially
One common misconception many of us have when it comes to investing is that it is too late to start. Whether you’re thinking about retirement, buying a new home, or even assisting your kids through college, it is never too late to start. One of the main reasons it is never too late to start […]
Retirement Income Strategies: Maintain Your Lifestyle Without Compromising Financial Security
Retirement is a significant milestone for many, but it can be a scary adjustment to go from a steady income to living off of your retirement assets. Now that you will no longer be able to rely on your working income, it is very important to strategically plan your retirement. In this article, we are […]
The New Investment Strategy That You Should Consider
Have you ever heard the phrase “What’s old is new again?” Well, if you haven’t, now you have. To be honest, titling this article in the spirit of what it is about would likely have you scroll right by it. Two whole sentences in and I still have you wondering what the actual topic is. […]
Retiring before Medicare is Available … What Do I Do?
You have been preparing for this transitionary period throughout the course of your career and you have finally arrived. Welcome to Retirement. During this time, you begin to consider what steps must be taken to ensure an enjoyable retirement. Retirement Planning is an exciting and anticipatory time in one’s life. However, for some people, retirement may […]
Is My Retirement a Failure If I Go Back to Work?
For more than twenty years you meticulously planned for this transition. As your career developed, you put in the hard work and made significant contributions to your company. All the while, in the back of your mind you anticipated the day you would be able to retire. That day arrived with great excitement and full […]
Key Medicare Information for 2023
Medicare vs. Medicaid- Both Government sponsored health insurance Medicare’s beneficiaries are primarily age 65 and older or meet other exceptions. Beneficiaries have paid into the Medicare system through payroll taxes over their working life. Medicaid’s beneficiaries are low to moderate income individuals. This program is dependent on income. Premiums: Part A- Most people receive this […]
Financial Planning for the Sandwich Generation
I’m partial to the classic PB&J. Now mind you, it has to be freshly made (morning preparation for a noon lunch will not do, too soggy) and constructed properly, two slices of a good hearty bread with peanut butter thickly spread on both slices, and a dollop of fruit preserves in the middle (apricot is […]
Navigating Your Retirement: Common Pre- and Post-Retirement Pitfalls
Retirement is a very significant milestone that requires careful planning to ensure you are comfortable in your golden years. Whether retirement is coming up in the next few years or you have already retired, avoiding common mistakes can save you a lot of headache and sleepless nights. In this article, we are going to look […]
Prior Income Determines Your Medicare Premium
Did you know that you may have to pay a higher premium for Medicare Part B and Medicare Part D based on a tax return from two years ago? Medicare Part B and Part D use a two-year clawback to determine premiums. The result is a surcharge, known as the Income Related Monthly Adjustment Amount […]
The Real Cost of Not Enrolling in Medicare When Eligible
Medicare is confusing. The main Medicare coverages are Medicare Part A, Medicare Part B, and Medicare Part D. On top of that, there are also optional Medicare supplement and advantage plans. To make things more confusing, you could get stuck with a late enrollment penalty for all your main Medicare coverages. This can happen if […]
