Weekend Reading: My 2023 Predictions
Even if you’re not one to pay attention to investment forecasts, we’re all likely curious of what 2023 will bring to our wallets.
Weekend Reading: 10 Ways Secure 2.0, Part of Spending Bill, Changes Retirement Planning
Retirement provisions in the recently passed SECURE 2.0 Act offer new planning opportunities for today’s retirees, even more so than the original 2019 SECURE Act.
Weekend Reading: The Four Unique Risks in Decumulation
The transition from accumulation to decumulation mode can be one of the biggest challenges for retirees. In addition to requiring a mindset shift, it also presents unique obstacles that should be considered as part of your retirement planning process.
Weekend Reading: When It Comes to Risk, It’s Dangerous to Trust Your Instincts
Times of market volatility may cause you to second guess your investment strategy. You might assume the future looks riskier and a change is in order, but that’s not always the case.
Weekend Reading: Why Advisors Should Rethink the ‘M’ in RMD
Here’s a simple tax saving strategy: Take more than the minimum of your RMD and leverage that withdrawal before it must be taken.
Weekend Reading: What’s a Safe Withdrawal Rate Today?
Despite the effects inflation and volatility can have on retiree income, new research through Morningstar suggests a “safe starting point” withdrawal rate for new retirees in 2023 is 3.8 percent, up from 3.3 percent a year ago.
Weekend Reading: How Much Growth Can You Expect?
Of course you want to know what sort of return you might expect upon investing your money, but how possible is that when it comes to a stocks and bonds portfolio?
Weekend Reading: If Not a 60/40 Portfolio, Then What?
If you’re near or already in retirement, an active management approach will help offset the volatility we’ve continued to see.
Weekend Reading: How Do Taxes Affect Stock Returns?
Market investors are primarily focused on market returns, as you should be; but another major component worth considering is how taxes impact your returns.
Weekend Reading: Investing Resolutions for Life
What can you take away from volatile times? Many investing lessons; Not just for 2023, but for life.
Weekend Reading: 4 Retirement Planning Moves That Can Yield Big Tax Savings
Many individuals underestimate the impact Uncle Sam can have on your decades’ worth of savings, so to proactively protect your dollars, have a strategy in place; plus, keep some of these principles in mind.
Weekend Reading: Setting Health Goals for 2023
As a habitual goal-setter, I personally know the powerful effects setting intentions for yourself can have not only in the New Year ahead, but years down the road.