October - 2019

Linkedin%20Hero%20Image_edited.jpg

NEWS & RESOURCES

Does The Fed Lowering Interest Rates Really Hurt Retirees?

In most cases, the actions of the Federal Reserve lowering interest rates are a good thing because a lot of economic activity depends on the ability of businesses to borrow money. It is of course easier to borrow when interest rates are lower, but lowering interest rates too much could affect investors who may see lower returns on certain funds in their portfolio. Certainly the stronger the economy, the better the returns will be on certain investments, but lower interest rat

2019 Catch Up Contributions

The IRS does a good job of providing the country's elders with ways to save for retirement. Some of the most popular investment vehicles the IRS provides access to for the benefit of US taxpayers include 401(k) accounts and a variety of IRAs. While both options provide a variety of benefits to the taxpayer, the primary benefit involves taxation. In some cases, taxpayers can make investment with pre-tax dollars, effectively deferring taxes until they take distributions. In o

Avoid Required Minimum Distribution Mistakes

If you’re approaching retirement or already retired, you may have a traditional IRA, SIMPLE IRA, or SEP. If you do, at a specific age you must take a minimum distribution. This minimum distribution is required by the government when you reach the age of 70 ½. It is not only done one time but this minimum distribution is required on a yearly basis. The required minimum distribution is important and must be followed to keep you from getting fines and penalties from the IRS

Protect Retirement Savings Against Long Term Care Needs

Unfortunately, it’s a very real possibility that you or someone you love may need long term care at some point. Your retirement savings may have to go toward that care, but you will want to ensure that this money is protected. A good way to keep your retirement savings secure could be a long term care (LTC) insurance policy. How LTC insurance Works The benefits you receive from an LTC insurance policy are generally counted as daily maximums and range anywhere from $50 to

Medicare Open Enrollment

It’s that time of year again for Medicare’s Open Enrollment! Are you ready? If you are new to Medicare then it’s important to know that Open Enrollment occurring in the Fall is only designated for changes to be made to current coverage. These changes include: • Changing from regular Medicare coverage to Medicare Advantage regardless of having part D (or vice versa) • Being able to join a new plan for Medicare Advantage as well as a separate Part D prescription plan If you a

What To Do When You Inherit Your Parents' House

The largest wealth transfer in the history of the world is currently in process. It's estimated that around $68 trillion will switch hands over the next 25 years. Baby Boomers are currently retiring, and many of them will pass of the scene within the next few years. Much of this wealth will be tied up in family homes. This brings up the question of what to do if you inherit your parents' home. Move In Some heirs will benefit from moving into their family's homestead. Many re

Great Tips and Articles., I hope you enjoying reading!

Please contact with any questions you may have.