With the passing of the Secure 2.0 Act, investors must adapt to new timelines for withdrawing from their retirement nest eggs.
Continue readingMaking Sense of The New Age of Required Minimum Distributions
October 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.
Continue readingApril 2023 Market Update
The S&P 500 ended the first quarter of 2023 with a solid gain as hopes for an economic “soft landing” and the Fed signaling that their historic rate hike campaign is coming to an end helped offset two rate increases and the biggest bank failures since the financial crisis.
Continue readingEstate Planning Document Review
Just like your annual physical, it’s a good idea to schedule a check-up for your estate planning documents to ensure everything is as you intend. Granted, it’s probably not the most exciting activity on your to-do list, but you don’t want to let important details derail all the work you’ve done.
Continue readingImportant Considerations Regarding SECURE Act 2.0
The SECURE Act 2.0 is now law and contains many provisions that retirees and pre-retirees should be aware of. Some provisions are effective in 2023 and others won’t kick in until future years.
Continue readingJanuary 2023 Market Update
2022 was the most difficult year for investors from a return and volatility standpoint since the Global Financial Crisis. Multi-decade highs in inflation combined with historically aggressive Fed rate hikes and growing concerns about economic and earnings recessions to pressure both stocks and bonds. The S&P 500 posted its worst performance since 2008 while major benchmarks for both stocks and bonds declined together for the first time since the 1960s, punctuating just how disappointing the year was for investors.
Continue reading