Markets were volatile in the third quarter as investors faced political turmoil and increased uncertainty about future economic growth, but the return of Fed rate cuts and solid corporate earnings helped to offset those political and economic anxieties, and the S&P 500 hit another new all-time high and finished the quarter with strong gains.
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The transition to retirement is a significant life event filled with opportunities and challenges. By making thoughtful decisions, maintaining strong relationships, planning for uncertainties, and prioritizing your health and legal affairs, you can navigate this new phase with confidence.
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Understanding how capital gains impact your income taxes, Medicare premiums, and Social Security benefits is essential for effective retirement planning.
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As you approach and enter retirement, managing sudden wealth wisely is crucial to ensure it enhances your life without becoming a source of stress.
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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.
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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.
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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.”
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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 readingMarkets 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.
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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 readingThis Retirement Planning Worksheet takes you through 4 key areas to help you get organized, feel confident, and assess your overall readiness for retirement.
