Buying a Second Home: What to Consider

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

At some point, many people consider buying a second home.

This new property might be your vacation getaway or an addition to your investment portfolio. But, just like buying your first home, such a large purchase requires careful consideration.

These four questions can help guide you as you weigh the potential benefits and challenges of purchasing another house.

Retirement Milestones for Your 50s

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

You may have heard that it’s a good idea to save about five to six times your salary by age 50 and seven times your salary by age 55.

While there are no one-size-fits-all rules to follow, a nest egg of this size, along with Social Security, allows many people to maintain their current lifestyle throughout retirement.

No matter how…

Giving and Receiving Wealth: What to Know

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

As baby boomers move into and through retirement, they will pass on substantial wealth to younger generations.

This financial shift will impact each generation (and each family) differently, but we’re likely to see a few common themes and trends emerge.

Are you wondering about the ins and outs of transferring wealth thoughtfully? Here are a few details to…

4 Ideas for Protecting Your Assets

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

What lies ahead?

It’s impossible to predict the future, but that doesn’t mean you have to feel caught off guard during times of uncertainty.

In particular, when it comes to safeguarding your wealth, there are steps you can take to help protect your assets and find peace of mind.

Here are a few good practices to be aware of.

These 3 Expenses Can Surprise Retirees

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

Have you thought about the expenses you might have during retirement that weren’t an issue during your working years?

You’ve probably considered whether your overall expenses will be higher, lower or the same, but you may not have dug into the details yet.

Here are a few costs that can sometimes catch retirees off guard.

Income Taxes

While your 401(k) balance…

5 Tax Considerations to Keep in Mind

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

A new year brings new considerations for tax season.

What has changed since last year? What are a few things people often forget about or overlook?

While we still have time to get organized, here are a few details to keep in mind as you prepare to file this year.

Getting started. Gathering essential documents, such as 1099 forms,…

Looking Ahead: What to Consider for 2021

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

At the start of a new year, it often feels natural to go into planning mode and make sure your financial house is in order.

But, the ongoing pandemic and a changing political landscape may make uncertainty a common theme for 2021.

How can you plan ahead no matter what this year may bring? Here are a few…

5 Financial Mistakes Anyone Could Make

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

As you know, planning for the future and keeping your finances on track require regular vigilance and fine-tuning.

But when life gets busy, it’s surprisingly easy to forget about the basics. That’s why even the wealthiest among us can end up picking up less-than-ideal habits.

No matter your situation, it’s a good idea to keep these potential missteps in…

4 Types of Legal Documents to Prepare

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

One part of planning your legacy and making your wishes known involves doing some digital and physical organizing.

Do you have all your key legal documents in an easily accessible but secure place?

Here’s what to have on hand and what to keep in mind as you put your essential information in order.

1. Records

We manage much of…

Considering Your Social Security Options

From: REAP, LLC. | Retirement & Estate Advisors & Professionals

When should you start receiving your Social Security benefits and how they will factor into your overall retirement situation?

These are two of the biggest considerations attached to this important financial topic.

If you have questions on your mind or want to go over anything in greater detail, start by taking a look at these key points and then reach…