By Mallory Edens

A recession can inspire dread in most people in Lake Mary, FL. It’s difficult to prepare for such a worst-case situation. During a recession, you hope you can survive — but you can choose to thrive by following a few tips.

Manage Your Household Budget

One step to help you thrive during a recession is budgeting. Track your income and spending habits while ensuring everyone in the household understands the motivation…

By Mallory Edens

Finding your forever home in your golden years might seem like it’s an impossibility now that you’re older and more set in your ways. Nonetheless, it is still a possibility if you’re willing to keep an open mind about it. Today, Retirement Estate Advisors & Professionals has some tips and resources to help you get started.

Find Your Dream Home

Finding your dream home when you’ve just gotten married is, undoubtedly, the next…

‘I’m Done With Crypto’: Voyager Bankruptcy Rocks True Believers

From: www.fa-mag.com

Crypto investors are known for their devotion, but their confidence is cracking as the latest company collapse rattles the industry.

News that customers of bankrupt broker Voyager Digital Ltd. likely won’t get all their money back has struck a new kind of fear into those already whipsawed by the sector’s swift declines.

Crypto traders often shrug off steep losses, arguing they’re holding…

By Mallory Edens

Many seniors own and run their own businesses in retirement. In a way, if you are doing what you love, are you really retired? Most small businesses are actually owned by those 55 or older, called encore entrepreneurs.

According to SCORE, a nonprofit organization of over 10,000 small business mentors funded by grants from the U.S. Small Business Administration (SBA), “even though 21% of the U.S. population is over age…

Mortgage Mistakes That Cost You Thousands

From: homeguideplan.com

It’s no secret that getting a home mortgage loan can be expensive. But many people don’t realize that just because you’re approved for a loan that isn’t the best deal out there. Several mortgage mistakes can cost you thousands of dollars over the life of your loan. This article finds many common mortgage mistakes and how to avoid them. It also provides tips…

Do you have over $100,000? Watch this video, and receive your free Safety First Strategy Assessment.

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…