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 readingShould I Buy A Vacation Home?
What 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 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 readingOctober 2023 Market Update
The S&P 500 ended the second quarter and first half of 2023 at a 14-month high and most major stock indices logged solid gains in the second quarter following a pause in the Fed’s rate hike campaign, stronger-than-expected corporate earnings (especially in the tech sector), and the relatively drama-free resolution of the debt ceiling.
Continue readingUnderstanding IRMAA
IRMAA, which stands for Income-Related Monthly Adjustment Amount, is a term that may not be familiar to everyone. However, for individuals enrolled in Medicare, IRMAA can have a significant impact on their healthcare costs.
Continue readingNavigating Medicare
As you approach retirement and the possibility of enrolling in Medicare, it’s essential to be well-informed about what lies ahead. In this extended blog post, we’ll delve into the ins and outs of applying for Medicare, explore the different parts of the program, and take a closer look at two popular healthcare options: Medicare Advantage and Medicare Supplement plans.
Continue readingJuly 2023 Market Update
The S&P 500 ended the second quarter and first half of 2023 at a 14-month high and most major stock indices logged solid gains in the second quarter following a pause in the Fed’s rate hike campaign, stronger-than-expected corporate earnings (especially in the tech sector), and the relatively drama-free resolution of the debt ceiling.
Continue readingRetirees Don’t Miss Working, They Miss People
According to a Harvard study, contrary to popular belief, the primary challenge for retirees is not boredom or a lack of purpose, but rather the difficulty of replacing the social connections they once enjoyed at work.
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