Congratulations you are closing in on your target retirement date!  While the bulk of your retirement prep work and heavy lifting should be completed by the time you’re still a couple of years from retirement, there’s still a few boxes you’ll want to check off before finally saying adios to the workforce. Let’s go through…

It’s not so uncommon when you hear someone who retired wanting to pack up their things and move. While it can be an exhilarating time, it can also be rather difficult, especially if their planning on buying a new house altogether.  Did you know that lenders are barred from discriminating against older people who are…

2018 was an up-and-down year for many Americans. The stock market boomed, and then it busted. No one knows what is on the horizon for 2019, but it doesn’t hurt to set goals. Here are some financial goals that could help you get off to a great start in 2019. Start an Emergency Fund Whether…

Arm yourself to save more for your retirement in 2019! The Treasury has announced inflation-adjusted numbers for retirement savings for 2019, as well as a lot of changes that will help investors stuff these accounts. The amount which you could contribute to an Individual Retirement is being bumped from $5,500 up to $6,000 for 2019. …

Tax season comes quickly after the year comes to a close. In 2018, a few changes have occurred due to legislation that was created by the Tax Cuts and Jobs Act of 2017. One of the main changes was a lowering of tax rates and a near doubling of the standard deduction. Also, a number…

You have until December 31 to do a qualified charitable distribution (QCD) for 2018. This is an effective tax strategy that many individuals are overlooking. A QCD is worth considering if you are donating to charitable organizations and taking required minimum distributions (RMDs) this year.  With the increase in the Standard Deduction, many people (specifically…

You’ve spent the better part of your working years planning for your comfortable retirement. As you celebrated your last official day of work, you already had a pretty good idea of the value of your financial investment portfolio and personal worth. And, you probably had a plan for how much money you would need on…

Planning for retirement will be easier for those contributing to in 2019!  Recent changes to a list of savings accounts are going to yield higher returns for savers in the new year.  You will be able to take advantage of “Employee-Sponsored Account“, including 401(k) and 403(b)plans. The current limit for contribution is a little over…

Time is almost up for this years Medicare Open Enrollment period.  You have until the 7th of December to modify your existing Medicare plans. In this period you can enroll in a Medicare Advantage Plan or a Part D drug plan. Any modification made during this period is effective from January 1st of the following…

Some seniors are dependent on their Social Security benefits, but the majority of your retirement income may be derived from other sources. While your Social Security income may not be your primary source of income in retirement, you nonetheless may be counting on that income to provide financial support for your quality of life in…