From: National Association of Certified Financial Fiduciaries
David H. Morgan, MSFS, CEP® is a financial advisor who offers comprehensive, holistic wealth management that connects every aspect of a client’s financial life. To help accomplish this, he engages a team of financial, legal and tax professionals who provide multi-disciplinary solutions to a client’s financial needs – solutions not…
Go to page: Check In With Your Retirement PlanFrom: REAP, LLC. | Retirement & Estate Advisors & Professionals
Preparing for retirement is a cornerstone of any financial plan, but a lot can change as you approach your golden years. That’s why trying a “retirement dress rehearsal” well before you stop working can reveal items to be addressed or give you reasons to adjust your expectations.
Double-check your financial details.
Most people’s anxiety about retirement comes…
From: www.nasaa.org
Many investors seek out safe, fixed-rate investments, especially ones that can boost the interest they earn. You, too, may be looking for sound investments that pay better than average interest to generate income or meet the needs of your overall investing plan. But as you consider new investment products or services, always remember the correlation between risk and reward: every investment involves some degree of risk,…
From: wealthmeethealth.com
Why It Matters:
• Social Security isn’t static. Many years there are adjustments and changes.
• For 2017, there is an increase to how much earnings are subject to Social Security taxes, which could affect high-wage earners.
• Social Security benefits adjust for inflation, but you may be surprised by how small that adjustment can be.
For 2016, there were some pretty big adjustments to Social Security. This…
Go to page: Don’t Let Myths Derail RetirementFrom: REAP, LLC. | Retirement & Estate Advisors & Professionals
As an individual, you’re unique — and so is your retirement plan. Yet many Americans continue to believe some common retirement myths that have the potential to derail or negatively impact one’s future.
Myth: You only need to plan for retirement. Once you retire, the work is done.
It’s best to think of your retirement plan…
From: www.wealthmanagement.com
Annuities, according to author and retirement income expert Tom Hegna, aren’t bad, but, he cautions, “there are bad annuities.” In this video clip from The American College New York Life Center for Retirement Income, Hegna speaks with Professor Dave Littell about common consumer objections to annuities and what advisors can do to reframe the conversation with clients about this important tool as part of an…
From: www.cheatsheet.com
Where you live when you retire matters — and not just because you want to be close to the beach or a golf course. State taxes can take a bite out of your retirement income, one reason why some retirees decide to pull up stakes when they stop working and search for a home with better tax…
From: taxfoundation.org
This map shows the real value of $100 in each state. Prices for the same goods are often much cheaper in states like Missouri or Ohio than they are in states like New York or California. As a result, the same amount of cash can buy you comparatively more in a low-price state than in a high-price state.
The Bureau of…
From: www.financial-planning.com
With the 1996 introduction of tax-qualified long-term care insurance under the Health Insurance Portability and Accountability Act and IRC Section 7702B, Congress affirmed that long-term care insurance benefits should be tax-free. Tax benefits for purchased long-term care insurance coverage followed.
However, the evolving landscape of both individual tax deductions and long-term care insurance tax preferences have created myriad options for filers, all…
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