From: www.morningstar.com
On The LongView podcast, Daniel Crosby, author and financial psychologist, discusses his new book on money and meaning, plus the challenges of spending in retirement.
Daniel Crosby is the author of a new book called The Soul of Wealth: 50 Reflections on Money and Meaning. Daniel is the chief behavioral officer at Orion Advisor Solutions. In addition to The Soul of Money, Daniel has…
From: www.kiplinger.com
Many employees will be able to contribute more money to tax-advantaged workplace plans.
The Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0, enacted in late 2022, contained a long list of provisions that are scheduled to roll out over several years. Here’s a look at how the legislation could affect your retirement savings in 2025.
From: www.medicalnewstoday.com
Medicare is not mandatory, but opting out means losing
Social Security benefits and facing a penalty for late enrollment. People with employer-based insurance may be able to delay enrollment in Medicare without penalties.
Medicare is a federal benefit that people contribute toward through taxes while they are working. A person is eligible to enroll in Medicare when they are 65 years old or have certain disabilities or health conditions.
Original…
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
As 2024 comes to a close, it’s the perfect time for homeowners to make strategic financial moves to maximize savings and prepare for the coming year. Here are some year-end financial tips to consider:
Maximize Your Mortgage Interest Deduction
If you’re a homeowner with a mortgage, you likely know that the interest you pay on your home loan is tax-deductible….
Go to page: Finding Balance: A Guide for Empty Nesters Embracing a New ChapterBy Ted James
Entering the empty nest phase is a pivotal moment that invites self-discovery and the pursuit of new passions. As children venture into their own lives, parents are presented with the opportunity to redefine their own paths. This period can be a time of personal growth, where one can explore interests that may have been set aside. Whether it’s through education, volunteering, or social engagement, the empty nest phase offers a chance to…
From: rethinking65.com
Implementing these five tax-planning strategies by year end can better equip clients for the coming 2025 tax season.
With the end of 2024 less than two months away, it is time to set your clients up for a successful Tax Day 2025 by offering opportunities to take advantage of any tax savings available.
The following strategies can make an impact on tax planning goals…
David morgan speaks on stewardship at Ormond Beach Presbyterian Church, along with the “First Thigns First” sermon from 11/3/24. Click below to access the video and skip to the 9:45 minute mark to see David’s talk.
From: tifingive.com
The final months of the year signal a surge in charitable giving. Advisors and clients often find themselves caught in a last-minute Giving Season scramble to maximize tax benefits and finalize donation plans by year-end. By encouraging clients to start planning now, financial advisors can help them reduce stress and leverage the advantages of donor-advised funds…
From: www.morningstar.com
Should you have short-term bonds in your portfolio? Yes. I’d argue that short-term bonds are one of the key asset classes that most investors should own, in addition to cash and large-cap stocks.
In this series on portfolio basics, I’ll explain some of the fundamentals of putting together sound portfolios. I’ll start with some of the most widely used types of investments…
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