Understanding how capital gains impact your income taxes, Medicare premiums, and Social Security benefits is essential for effective retirement planning.
Continue readingNavigating Capital Gains from Appreciated Stock During Retirement
How to Navigate Sudden Wealth
As you approach and enter retirement, managing sudden wealth wisely is crucial to ensure it enhances your life without becoming a source of stress.
Continue readingShould I Buy A Vacation Home?
With thoughtful planning and informed decision-making, you can determine whether investing in a vacation home is the right choice for you and your retirement lifestyle.
Continue readingWhat Is Net Investment Income Tax (NIIT)?
What is the Net Investment Income Tax, and how does it affect retirees? This tax was introduced as part of the Affordable Care Act in 2013 and applies to individuals with significant investment income. It targets taxpayers with modified adjusted gross incomes over certain thresholds, which are $200,000 for single filers and $250,000 for married couples filing jointly.
Continue readingMaximize Retirement Savings With A Health Savings Account (HSA)
As retirement planning becomes increasingly complex, one vehicle is gaining attention for its potent blend of savings and tax advantages: the Health Savings Account (HSA), often dubbed the “medical IRA.”
Continue readingUnderstanding The Tax Efficiency Of Your Investments
As an investor, one of the most critical aspects of managing your finances is understanding the tax implications of your investments. Let’s explore how tax-efficient your investments are and what strategies you can employ to optimize your retirement income.
Continue readingJanuary 2024 Financial Market Update
Markets staged an impressive reversal in the fourth quarter thanks to a surprise dovish pivot by the Federal Reserve, which combined with solid economic activity and declining inflation to push stocks sharply higher and send the S&P 500 to two-plus-year highs, resulting in the best annual return since 2021.
Continue readingWhy Portfolio Rebalancing Matters
One way a retiree should keep their finances in tune is through something called “portfolio rebalancing.” Let’s dive into what this is all about and why it’s a handy tool for a secure and happy retirement.
Continue readingMaking Sense of The New Age of Required Minimum Distributions
With the passing of the Secure 2.0 Act, investors must adapt to new timelines for withdrawing from their retirement nest eggs.
Continue readingCommon Estate Planning Mistakes And How To Avoid Them
Here’s a closer look at the six most common estate planning mistakes and how you can sidestep them.
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