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Quote Of The Week: When You Need Help Planning Your Retirement

“It’s smart to seek out (and pay for) professional help when you’re confronted with a financial situation you haven’t seen before and truly can’t handle yourself. And if any situation meets that criterion for most people, it’s retirement. Retirement really is a huge life change. You’re in uncharted territory, and it’s OK to admit you […]

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wall street journal feb 2019

Quote Of The Week: Why Tapping Your Nest Egg May Require Expert Help

“Tapping a nest egg is among the most important and difficult tasks we all face in retirement. Simply put, your money needs to last as long as you do. Yes, there are tools that can help do-it-yourselfers. … But I would argue that this is one place where a good adviser is invaluable.” Glenn Ruffenach, […]

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Retiring? Know Where Your State Ranks On Taxes Before You Relocate

Does it really matter where you live in retirement? People have all kinds of motivations for relocating – or staying put – in retirement. You may wish to live near the kids and grandkids, relax in the sun, or relocate to that hassle-free condo right in the middle of all the urban action. But before […]

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In Your 20s? 30s? 40s? 50s? Here’s How To Retire A Millionaire

Want to live a stress-free life with $1 million or more in the bank? It’s certainly possible. We spoke with financial reporter Hillary Hoffower of Business Insider to share what to do right, and what not to do wrong, at every decade of your life, so you can stay on the fast track to banking […]

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Time To Increase Your 401(k) Contributions!

It’s the New Year! If you’re working, don’t forget to increase your 401(k) contributions to reflect 2019’s higher limits. You can now contribute $19,000 per year to your 401(k) if under age 50, and $25,000 per year if 50 or over by the end of 2019. Plus, you can add about $10/week extra to your Traditional […]

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John Knox Village

Thinking Of A Life Care Community?

We took time out last week to visit John Knox Village (JKV), a Life Plan Community located to our south in Pompano Beach, Florida. As many of you may know, JKV is situated on 70 acres between Ft Lauderdale and Boca Raton, and celebrated its 50th anniversary last year. Mari has been visiting clients who […]

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Working Americans: “My #1 Money Mistake”

The American Century 2018 Survey of Retirement Savers asked working Americans to identify their #1 money mistake. The top answer? For most people, their #1 regret was “not saving enough” during their working years. The #1 message older workers would tell their younger selves? “Save more.”  

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Why No One Likes IRMAA: Medicare’s Stealth Tax Targets Higher Income Retirees

We’ve gotten more than a few calls this week from clients about those nasty Medicare premium hikes. Specifically, we’re talking about increases in your Medicare premiums because the government says you made too much money. Here’s the scoop: All about IRMAA We’re talking about IRMAA (Income Related Monthly Adjustment Amount), which is an extra charge added […]

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Are You Saving Enough? New Retirement Limits For 2019

Did you know that the amounts you can contribute to your IRA, Roth IRA, SEP, SIMPLE or 401(k) will increase starting January 1, 2019? If you make periodic payroll or monthly contributions to your retirement accounts, you’ll need to adjust your savings amount before January 1, 2019 to reflect the higher limits. The Takeaway: Longer […]

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Savings Geeks, Get Ready To Do The Happy Dance! You Can Save More In Your 401(k) And IRA In 2019

Savings geeks (like us), prepare to do the happy dance. If you like to save on taxes, we’ve got great news for you. You can save and deduct more in your 401(k) and IRA next year. Here’s the new amounts for 2019: 401(k): $19,000 ($25,000 if age 50 or over in 2019) IRA or Roth […]

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