Preservation Specialists, LLC Blog
We help individuals and families work toward achieving their ideal retirements.
Retirement planning today can ensure you have the funds to live comfortably in retirement without worrying about going back to work. IRAs, HSAs, 401(k)s, and other accounts allow you to multiply your savings with unique tax benefits not available with other accounts. One way to maximizing the amount you have when you retire is contributing…Read More →
The weather is getting cooler as 2017 is drawing near. We can all feel it. If you’re like many older Americans on a fixed income, you like to do a little planning ahead. If you’re wondering how large your Social Security check will be during 2018, your wait will be over soon. This month you…Read More →
If you are like many people, you may easily spend hundreds of dollars or more on holiday gifts and related holiday purchases each year. Some sources indicate that consumers may spend more money over the holiday season this year than they have in previous years. The cost of gifts is only one seasonable expense. For…Read More →
The United States Armed forces will unveil its new retirement planning system January 1, 2018. The new Blended Retirement System, or BRS for short, has so far drawn mixed reviews from those that understand it and puzzled looks by the many that do not. The changes to the system are discussed below and will hopefully…Read More →
We are in the final days of 2017 and for some that means closer than ever to retirement! After working 40-plus years, if not even longer, upcoming retirees should look forward to spending the latter years of their lives doing what they love in retirement. In some situations, being able to earn income following retirement…Read More →
Each fall, the Internal Revenue Service announces adjustments to individual taxes, deductions and credits. The IRS issued these inflation adjustments for 2018 on October 19, 2017. Inflationary pressure remained modest during 2017. As a result, the adjustment amounts are not large. Personal Exemption and Standard Deduction The new personal exemption and standard deduction amounts apply…Read More →
Falling is a threat millions of aging Americans face, especially those 65 and up. At least one in four elderly people will suffer a fall each year. The CDC analyzed data from a 2014 Behavioral Risk Factor Surveillance System (BRFSS) survey and found that suffering one fall doubles an elderly person’s chance of having a repeat…Read More →
Medicare Open Enrollment is your chance to reevaluate your coverage and change plans. It is also called the annual coordinated election period or the annual election period and you can change your coverage whether it is an Advantage plan, an original plan or a prescription drug plan through Part D. During Open Enrollment, you can…Read More →
Your 50th birthday is a big milestone in your life, and once you’re past it, you should think about ramping up your retirement planning. Hopefully you’ve been hitting your goals every year. But no matter what your financial situation is like, you can make sure you’re on the right track with a few simple planning…Read More →
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