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Many Retirees Are Spending More Than Expected. Should You Be Worried?

To help guide you on your retirement journey, we stay on top of all the latest research on retirement saving and spending. For years, we have been advising our retirement clients to adopt realistic spending assumptions reflecting what they’ll really need to cover their expenses – and realize their dreams – in retirement. In the […]

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Record Number Of Floridians Starting New Businesses

The trend toward self-employment and away from working for someone else, part of the so-called ‘Great Resignation,’ was very strong in 2021. In the Sunshine State, Floridians set new records in 2021 for opening new businesses, filing 683,680 new business applications, the highest of all 50 states. Small businesses are very important for the economy. They […]

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Want To Save On Taxes? Make Time To Fund Your 2021 IRA Before It’s Too Late

We’re getting closer to the April 18, 2022 deadline for filing your 2021 taxes and funding your IRAs or Roth IRAs for 2021 (that’s last year). The maximum amount you can contribute to your IRA for 2021 is $6,000 or 100% of taxable compensation ($7,000 if you turned 50 by the end of last year). That’s the same […]

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Take A Deep Breath. Market Pullbacks Are Normal

The markets have gotten off to a rough start in 2022, giving investors the equivalent of a nasty New Year’s Eve hangover. So perhaps this is a good time to remind everyone that market pullbacks are normal occurrences, taking place about once per year on average. Nonetheless, absolutely no one enjoys the stress and anxiety they can create. It’s […]

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Ask Mari: Why Aren’t My RMDs Going Down In 2022?

Question: I thought retirement account RMDs (Required Minimum Distributions) were going down in 2022 thanks to a new and more favorable RMD table. But when I looked at my 2022 RMD required withdrawal amount, I saw it is higher than last year’s. What’s up with that? Answer: You’re not imagining things. Yes, the RMD calculations […]

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How COVID Has Changed Our Retirement Plans

It’s the beginning of a new year, and our third living with the COVID-19 pandemic. It’s hard to look beyond lockdowns, #WFH challenges, and PCR tests, but when Kiplinger magazine – in collaboration with wealth management firm Personal Capital – surveyed retirees and near-retirees about the pandemic a few months ago, they found that Americans […]

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It’s Time To Bump Up Your 401(k) Contributions

Still working? Before another pay check goes by, make sure to bump up your 401(k) contributions to reflect higher 2022 contribution limits. Putting more into your 401(k) helps get you ready for retirement and cuts what you owe to the IRS (and who doesn’t like that!). Depending on the type of plan you are offered […]

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How To Minimize Taxes On Those Retirement Distributions

Once you turn 72, you need to start withdrawing money from your retirement accounts. When that time comes, do you know the secrets to managing and actually cutting your retirement tax bill down to size? We do, so we were thrilled to share tax trimming tips with veteran report Sandra Block as she put together […]

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CNN Business: Will Congress Kill The Backdoor Roth IRA?

You may have heard that some folks in Congress are threatening to squash the so-called ‘Backdoor Roth IRA,’ as the legislature debates passage of the Build Back Better bill, a multi-trillion dollar social welfare and spending proposal. What exactly is the Backdoor Roth IRA? For a quick overview, check out our recent blog story about Backdoor […]

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Act Now To Increase Your Retirement Contributions For 2022

If you are still working, you should act now to increase your retirement contributions for 2022. Contributing to your accounts can provide you with valuable tax deductions, cut your ultimate tax bill, and help stormproof your future retirement nest egg by providing a cushion for uncertain times. The IRS just released the new contribution limits […]

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