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…

Three Reasons to Consider Municipal Bonds

From: www.lordabbett.com

Lord Abbett muni-bond experts highlight current trends in credit quality, supply/demand dynamics, and relative valuations

In a recent webinar with investors, a panel of Lord Abbett experts, including Partner and Director of Tax-Free Fixed Income Dan Solender, Portfolio Manager Greg Shuman, and Director of Municipal Bond Research Eric Friedland, outlined some reasons why municipal bonds remain a potentially attractive asset class…

The Road to a Tax-Savvy Retirement

A webinar by REAP’s David H. Morgan, MSFS, CFF, RMA, CEP®. Learn more about David here.

In this webinar learn how to protect your retirement from the IRS and avoid running out of money (even if you only have $250,000 saved). Including:

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…

Minimizing the impact of market losses may be equally as important, if not more, than capturing 100% of market gains. That’s because, the bigger the loss, the greater the return needed to get back to the original starting point. As shown below, incorporating hedged equity strategies, such as Long/Short Equity, may help truncate drawdowns and reduce the long term impact of market declines.

Estate planning is something that all of us will have to face at some point in our lives. It’s a long process with a lot of planning, documenting, and computing.

Unfortunately, taking stock of your assets also includes thinking about taxes and other fees. Inheritance taxes and estate taxes can burn holes in your savings that you plan to pass down to your family. And while your local government is more than capable of…

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…