“Do I need to consider long-term care insurance, or can I get by with self-insuring?”
“Do I need to consider long-term care insurance, or can I get by with self-insuring?” As with most questions involving financial planning and taxes, our response is one we give often: It depends. Here are some things to consider: Long-term care refers to a variety of services that are designed to help people with chronic
Understanding What Your Tax Bracket Means
“If I’m in the 32% tax bracket, thirty-two cents of every dollar I earn goes to the government, correct?” This is a great question and one we receive several times a week. No one enjoys paying taxes, but in this scenario, we’re fortunately able to offer some (relatively) good news. Here’s how it works: The
Eight Mistakes That Can Upend Your Retirement
Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible. 1. The return and principal value of stock prices will fluctuate as market conditions change. And shares, when sold, may be worth more or less than their original cost.
Yours, Mine, and Ours: Estate Strategies for a Second Marriage
If you are one of the many Americans who are in a second marriage, you may need to revisit your estate strategy.1 Unlike a typical first marriage, second marriages often require special consideration in order to address children from a prior marriage and the disposition of assets accumulated prior to the second marriage. Second Marriages
Lower the Cost of Your Life Insurance
Here’s a little-known fact that may help you save money on life insurance: when it comes to underwriting, insurance carriers typically rate clients to their closest birthday. What does that mean? It means that if you are 39 years and 5 months old, you will be rated as a 39-year-old. If you are 39 years and
New Retirement Contribution Limits for 2023
The Internal Revenue Service (IRS) has released new limits for certain retirement accounts for the coming year. After months of high inflation and financial uncertainty, some of these cost-of-living-based adjustments have reached near-record levels. Individual Retirement Accounts (IRAs) Remember, once you reach age 72, you must begin taking required minimum distributions from a Traditional IRA
Holiday Client Appreciation Event!
Our passion to protect and perpetuate prosperity for future generations is the heart of our business. The relationships we’ve built with our clientele fuels that passion! We are forever grateful for your trust, loyalty, and friendship. In honor of the “gems” of our firm, you are invited to an exclusive holiday Client Appreciation Event! Please
9 Facts About Retirement
Retirement can have many meanings. For some, it will be a time to travel and spend time with family members. For others, it will be a time to start a new business or begin a charitable endeavor. Regardless of what approach you intend to take, here are nine things about retirement that might surprise you.
Assess Life Insurance Needs
If your family relies on your income, it’s critical to consider having enough life insurance to provide for them after you pass away. But too often, life insurance is an overlooked aspect of personal finances. In fact, according to a 2021 study conducted by Life Happens and LIMRA, which closely follows life insurance trends, nearly
Conquering Retirement Challeges for Women
When it comes to retirement, women may face unique obstacles that can make saving for retirement more challenging. Given that women typically live longer than men, retirement money for women may need to stretch even further.1 Despite these challenges, a wise strategy can give women reasons to be hopeful. Get clear on your vision. Do
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