Preservation Specialists, LLC Blog

We help individuals and families work toward achieving their ideal retirements.

Bitcoin and Your Retirement Portfolio

January 18, 2018

Did you hear about the people that are mortgaging their home to invest in Bitcoin?  It seems that as more and more people become interested in Bitcoin, that more people are thinking about adding it to their portfolio. With the recent major price increase of this cryptocurrency, there seem to be two opinions; one side…

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Medical Debt and Your Retirement

December 22, 2017

The start of a new year can have you thinking about your health.  Joining a gym can be a goal for some as we head into 2018 but if you are planning for retirement, there is another side of health that needs to be considered; medical debt.  We sometimes forgo the care we need because…

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Year End Contribution Reminders

December 6, 2017

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…

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How Big Will Your 2018 Social Security Check Be?

November 27, 2017

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…

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Avoid Tapping Retirement Savings This Holiday Season

November 22, 2017

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…

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Military Unveils New Retirement System

November 18, 2017

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…

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Are You Planning To Retire In 2018?

November 10, 2017

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…

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IRS Issues 2018 Inflation-Adjusted Tax Tables

November 4, 2017

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…

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Why Fall Is A Good Time To Discuss Falling

October 24, 2017

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…

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