Financial Articles

In addition to a higher COLA for Social Security benefits this year, you can also expect a hike in certain Medicare costs.

The analytical aspect of making investment decisions is often overthrown by our emotions. It’s simply human nature, and it shows up most commonly in the form of bias.

At Howard Bailey, we take pride in the fact that our team is held to a fiduciary standard. Simply put, this means we are responsible to act on behalf of our clients, and must continually put their needs ahead of our own.

A primary part of navigating the complicated process of tax planning includes not only considering the source of your income, but also understanding how it can affect the dues you owe Uncle Sam.

Your decision regarding whether or not to delay Social Security benefits might come with a feeling of finality, but rest assured, that’s not the case.

Whether it’s financial, physical or emotional support, you might be trying to provide care to two generations at once, which can put prioritizing your needs (financial or otherwise) on the back-burner. How do you decide who comes first?

Values ultimately lend a hand in the legacy you leave behind, which might make the question of how to pass them on to your children or grandchildren seem daunting.

If you haven’t heard, now might be the time to turn your attention to Series I Bonds (I Bonds).

While tax planning for the greatest long-term efficiency in retirement, be wary of increasing taxable income. Upon doing so, there are two major situations you could find yourself in, both of which are discussed by past Retire With Purpose podcast guest, Wade Pfau, here.

If you’re still feeling uneasy about inflation, you’re not alone. Prices everywhere are continuing to rise, and it might seem as though there’s no end in sight. When will we see relief?

When it comes to healthcare expenses in retirement, there are those you can somewhat-accurately factor into your budget (such as insurance premiums), and those that are unexpected (such as a medical emergencies or illness).

This article hones in on utilizing actuarial methodology when it comes to determining how much you can afford to spend in retirement – specifically, through the floor-and-upside approach.