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We continually hear of tax proposals on the horizon, but the thing about proposals is that they often change, especially in Washington.
Staying at the forefront of your retirement tax plan means becoming educated about tax strategies available at your fingertips. One of those strategies involves a Net Unrealized Appreciation (NUA).
A global pandemic has the power to bring about a plethora of abrupt life transitions, and for many baby boomers, that included stepping into retirement earlier than expected.
Risk tolerance questionnaires can be a great starting point in determining how conservative your retirement investment strategies should be; however, they’re not the main solution.
If you’re having second thoughts about your Social Security claiming strategy, the good news is, “do-over” options exist.
A constant that has remained within proposed tax bills from the Biden administration is that most changes will impact the wealthy, so now is the time to consider if – and how – estate tax liability could impact your beneficiaries.
Here’s a shocking statistic: About 70 percent of financial planning recommendations are never implemented. Why? It might be a direct result of the advisor you work with, or your natural behavioral finance tendencies.
If you’re planning on retiring before you’re eligible for Medicare coverage (age 65), one major component you’ll need to account for is healthcare.
A first look at a major proposed tax bill was just released by the Ways and Means Committee, and it has the power to change a number of things in the retirement planning realm.
You’re most likely well aware of the Biden Administration’s plans to increase taxes on the wealthy, but one of those initiatives is not moving forward.
As Fritz Gilbert states: "Seeking the best wheel for the situation we’re facing makes life better." In the end, retirement is an opportunity to adjust, improve and find a new approach.
If you’re worried about the future stability of Social Security, rest assured, the outlook still looks positive.