News
Donations and Tax Savings: Your End of Year Giving Strategy
The end of the year is a perfect time to give back to others and your community. Whether you’re an individual or a business owner, charitable donations benefit the recipient and provide tax advantages to the donor. Tax deductibility often incentivizes individuals and corporations to give more vigorously to philanthropy, which is essential. Here are some reasons why end-of-year giving may be a comprehensive strategy.
An End-of-Year Financial Checklist
As the end of the year approaches, it’s time to start thinking about what comes next for you in the New Year. Reviewing your financial situation can help you evaluate your financial health and set the stage for wealth growth in the coming year. Here is an end-of-year financial checklist to work through as you pursue being on top of your financial game.
5 Ways to Create a Steady Retirement Income Stream
Creating a steady retirement income stream is vital for independence and a fulfilling post-work life. While several retirement income strategies exist, not all provide the confidence necessary for this stage of life. This article outlines five well-known retirement income streams that may provide retirees with a consistent source of income from early retirement throughout their lives.
How to Protect Your Retirement Savings from Unexpected Healthcare Costs
One of the major concerns people have when planning their retirement is how to protect their retirement savings from unforeseen medical expenses. Healthcare costs have steadily risen, but adequate planning can help maintain these costs in retirement. This article outlines a few strategies to help shield retirement savings from unexpected healthcare costs.
The Interplay between Family Literacy Day and Legacy Planning
National Family Literacy Day is celebrated annually on November 1st. It was established to encourage families to partake in financial literacy-related activities together. It underlines the family’s vital role in nurturing their children’s financial literacy skills from childhood through adulthood.
The Interplay between Family Literacy Day and Legacy Planning
National Family Literacy Day is celebrated annually on November 1st. It was established to encourage families to partake in financial literacy-related activities together. It underlines the family’s vital role in nurturing their children’s financial literacy skills from childhood through adulthood.
How Does The SSA Calculate Your Retirement Benefits?
The Social Security Administration (SSA) is a vital agency in the United States that provides financial support to eligible retirees through Social Security Retirement benefits. This critical aspect of retirement planning is often misunderstood, leading to confusion about benefits calculation. This article explores the main components to how the SSA calculates retirement benefits.
Common Fears About Social Security and How to Mitigate Them
One of the most significant fears many aging Americans face is that Social Security retirement benefits will disappear. With continuous news about potential solvency issues, sustainability concerns, and funding concerns, it’s no surprise that apprehensions are often heightened. This article aims to reduce these anxieties by discussing common questions related to fears about Social Security.
5 401(k) Facts You May Not Know
A 401(k) is a retirement savings plan sponsored by an employer that allows workers to save and invest a portion of their paycheck before taxes are taken out. While many individuals may be familiar with the basics of this popular retirement savings vehicle, some lesser-known features and details could significantly impact your long-term savings strategy. Here are some 401(k) facts you may not know.
A Recap: Significant 2024 Retirement Savings Changes
The landscape of retirement savings in the United States is experiencing crucial changes following newly enacted legislative changes for 2024. These updates and reforms seek to enhance the flexibility of retirement savings accounts. They also seek to transform how Americans save and prepare for retirement. Here are some of the more significant changes this year.
