Making a Meaningful Impact: Seven Creative Ways to Utilize Surplus RMD Funds
There comes a time when everyone who has a tax advantaged account such as an IRA or 401(k), will have to begin Required Minimum Distributions (RMD’s). In 2023, if you are 73, you will be required to withdraw a certain amount of money from your IRA each year. The idea behind this, is that IRA’s […]
Helping Your Parents Age Gracefully – The Approach
Occasionally you will meet a ninety plus year old who is as mentally sharp as a chef’s paring knife and as spry as a forty year old. But this is uncommon. Most people in their nineties have either started to fade mentally or struggle to keep up physically, sometimes both. Old age catches up with […]
Unleashing the Age Conundrum: Exploring Retirement Timing and Financial Considerations
Does Age Matter? The most frequent question that gets asked is, when is the best time to retire? The current average retirement age in the United States is 62.3 years for women and 64.6 years for men. The age that you do end up retiring will affect your finances. Determining the right age for you […]
Pre-Retirement: More Questions Than Answers
Retirement is a process, not an event. There needs to be planning, preparation, adjustments and monitoring. Aside from the financial aspect, there is also a mental preparation that needs to happen, and most individuals do not plan for this part. Ultimately, the goal is to retire TO something, not FROM something. What am I going […]
Aging in Place: Independence, Comfort & Community Support
On a daily basis, I seem to be having conversations my clients, my own family members and friends about ageing. My baby boomer Mother is constantly lamenting about her various woes and fears as she edges towards her golden years. The general theme amongst many I know is avoidance, fear and talk of taking drastic […]
Laid Off: How to Respond With Confidence
My dad spent his working career as a salesman for several notable companies in the grocery industry. 25 years ago company management decided their sales force was costing them too much and over several years cut it in half. My dad survived several rounds of layoffs but eventually his boss came to him with two […]
Managing the Marathon: A Guide to the Retirement Finish Line
It comes as no surprise that managing the marathon is about playing the long game. Here’s the thing about this sport: someone is out there making a comeback, someone is in the middle of a breakthrough, someone’s battling an injury, and someone is celebrating a win. The beauty of running is we’ve all been on […]
The Financial Bucket List
Do you have a Bucket List of experiences you want to have during life? Many of us do. I am on a flight to Hawaii as I write this to fulfill one life adventure on my bucket list. What is on your bucket list? Checking items off bucket lists does not magically happen unless we […]
Donuts and Medicare: The Coverage Gap Explained
Do you like donuts? If the answer is yes, or no for that matter, here is a donut you may not like- the Medicare Donut Hole. We all know Medicare is complex and confusing. When you start thinking about medications that can make it seem worse. Between the potential deductible, the copays and coinsurances, to […]
SECURE 2.0, What’s in it for You?
On December 29 2022, President Biden signed the Consolidated Appropriations Act 2023, funding Federal Government operations through September of 2023. Of the 4000 plus pages of the bill, 130 pages dealt with the SECURE 2.0 Act of 2022. SECURE 2.0 is an enhancement of the original SECURE Act of 2019 that dramatically changed retirement and […]
