7 Inflation-Fighting Strategies for Clients in or Near Retirement

From: www.thinkadvisor.com

Inflation is at the highest level we’ve seen in decades. This has affected virtually all aspects of our economy and the finances of many Americans. A group of clients who could be especially susceptible to the impact of inflation are those in or near retirement.

Here are some strategies to help this group of clients…

5 Ways to Lower RMDs, Help Clients Reduce Medicare Surcharges

From: www.thinkadvisor.com

As your clients who are using Medicare know, Part A is free, but there is a monthly premium for Parts B and D.

There is a base premium, and this premium will increase if your client earns too much money.

Part B is the medical insurance coverage under Medicare, Part D is prescription drug coverage. IRMAA stands for income-related monthly adjustment…

By Mary Shannon

Individuals often move after retiring. Perhaps they were forced to relocate for work and now want to return to their hometown to be closer to family or travel to a place with a warmer climate, less congestion, or more privacy. Many downsize to a smaller house or go to a place with a lower cost of living to account for a smaller income as part of their retirement plan.

If you are among…

The Biggest Wealth Transfer

From: Joeseph Clark, CFEd®, RFC®

It has arrived, the money’s in motion. The money tsunami of over 20 trillion dollars. The age of the Baby Boomers, of 10,000 people turning age 65 years old for the next 19 years in the U.S. since January, 2011.

As Boomers pull the plug with employment and head into retirement, there is an extremely important need for new ways to preserve…

REAP’s affiliate strategist Horizon Investments introduces
“Risk Assist” for investment risk mitigation.

Rightsizing, or the act of reducing something to make it more efficient, is a great concept to apply to home ownership. After all of the kids are moved out of the house, retirees find themselves in the position of having unused space. This can lead to increased costs in utility bills, property taxes, and maintenance. If rightsizing sounds like an attractive option to you as an empty nester, here are some…

‘I lost my life savings’: Terra Luna cryptocurrency collapses 98% overnight

From: www.independent.co.uk

Users of popular crypto forum fear they will become homeless after wipeout

The price of the Terra (LUNA) cryptocurrency has fallen by more than 99 per cent, wiping out the fortunes of crypto investors.

By Mary Shannon

The job market has fluctuated quite a bit in the past year, with the pandemic making things unstable for just about everyone. As we press forward into a new normal, it’s important to take stock of marketable skills and make meaningful choices that will translate into income. If you’ve recently been laid off or just want to make some extra money, there are several things you can do to make the process…

Do you feel like you’ve been limiting your financial choices in retirement? Even baby boomers with large nest eggs worry about draining their savings. Thankfully, it’s possible to stay relatively frugal while making the most of your golden years. You can find great advice on making your savings work for you on the REAP blog! Furthermore, these tips can help you manage your funds well without limiting your opportunities in retirement.

Refinance Your Home

You…

By Danielle Porter

No matter whom you discuss your retirement plans with, they will tell you that you cannot start planning for your pension too early. While this may not be a big problem for most people who spend their lives paying into the same social security system, expatriates or immigrants who have double residency often have to take matters into their own hands. Here are a few key steps to take…