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Ask Mari: Social Security Benefits For A Divorced Spouse

For many retirees, deciphering the best Social Security claiming strategy can be incredibly confusing. Social Security has thousands of complex rules and regulations, and policies change over time. In fact, one recent study estimated that the average American household leaves over $110,000 on the table by using the wrong Social Security claiming strategy. That’s why […]

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More Wealthy Investors Consider Relocating to Low-Tax States

The growing tax burden at the state and local level is getting the attention of wealthy investors, and not in a good way. Years ago, only about one-quarter of high-net-worth investors contemplated relocating and changing their residence to low-tax or no-tax states to cut their tax bill. Now, that number is almost one-half, says the […]

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Thinking Of Relocating? Consider Doing A Test Drive First

The move is on. The number of Americans planning to move in 2021 seems to be reaching all-time highs. Americans relocating in record numbers About 14% of Americans move in a typical year, according to Neighbor, an online company offering consumers peer-to-peer storage solutions. But the company says over half of people surveyed say they […]

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Quote Of The Week: Maximizing Your Social Security

Bet you don’t think of Social Security as a big deal, but it is. For most of our clients, Social Security benefits provide only a portion of their retirement income needs, but understanding how Social Security works and picking the right claiming strategy can results in tens of thousands of dollars more in benefits over a […]

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Congress Proposes To Raise RMD Age ….. Again

Our clients are just getting used to the idea that they don’t need to start Required Minimum Withdrawals (RMDs) from their IRA and retirement accounts until age 72. And guess what? Congress is at it again. The powerful Ways and Means Committee in the House of Representatives is working on Secure 2.0 (full name – […]

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Quote Of The Week: Making A Successful Transition To Retirement

What’s involved in making a successful transition to retirement? You would think it’s mainly about money, but you would be wrong, says author and columnist Robert Laura, who specializes in retirement issues. Money considerations only come into play at the end, says Laura. Your financial wellness and happiness depend much more on staying active, connected, […]

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Ready For Retirement? Check Out Our Tips In Business Insider

Are you saving enough for retirement? We had a chance to chat with reporter Laila Maidan of Business Insider about designing a personalized retirement roadmap tailored to meet your specific goals. While saving 10% to 15% of income each year is a solid rule of thumb, that advice may not be suitable for everyone. A simple […]

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An Extra Month To Finish Your 2020 Taxes: Tax Deadline Postponed From April 15 to May 17, 2021

As baseball great Yogi Berra reportedly said, “It’s deja vu all over again.” In a repeat from last year, the IRS just announced it’s postponing the federal income tax deadline from April 15 to Monday, May 17, 2021 to give tax preparers and taxpayers extra time to absorb the new tax regulations contained in the […]

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Yes, You Can Still Build Wealth After 50

Congratulations! If you just turned 50, you’re in the final stretch toward retirement. With today’s longer life expectancies, you may spend thirty years or even more in retirement living off of your savings. So don’t rest on your laurels just yet. Take advantage of the next decade or so before you retire to build up […]

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5 Things You Need to Know About RMDs for 2021

Summary If you are retired or nearing retirement, you’ve undoubtedly heard about required minimum distributions, which are the minimum amounts you must withdraw from your individual retirement account (IRA) and other retirement accounts, like your 401(k). It’s the government’s way of making you cash in a portion of your retirement savings each year, helping to […]

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