On October 13, 2021, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 5.9...
Retirement Planning
‘Gap Retirements’ Divide Baby Boomer Couples
The retirement income levels for American are improving moderately but steadily from last year, according to data from the Employee...
Important Things to Know When Couples Plan for Retirement
Much has been written about the financial concerns couples face when they are about to retire. However, one of the most overlooked...
3 Actions That Help You Reap Big Rewards on Your 401(k)
Participating and contributing to a 401(k) plan at work provides you with a significant advantage over someone who is not eligible to...
Retirement Can Be Wonderful, But Also Stressful On a Relationship
Ah, retirement. For many of us, it’s been a dream for many years. Get out of the rat race. Stop commuting. No more office politics....
How to Pay for Retirement (Part Two)
How to pay for retirement is a crucial question that should be answered before your actual retirement date. Social Security income is...
How to Pay for Retirement (Part One)
When planning retirement, one of the most crucial but often overlooked questions that individuals neglect to think about is “how to...
Required Minimum Distributions for 2021
All good things must come to an end, and for now, the suspension of required minimum distributions (RMDs) from retirement accounts...
Reducing Income Taxes in Retirement
Everyone wants to make their money last longer once they retire. Earn more and spend less are two ways people think this can be done....
Required Minimum Distribution (RMD) Changes in 2020
For many people, December is the month where you satisfy your required minimum distribution (RMD) from your retirement account for...
Social Security Announces 1.3% Benefit Increase in 2021
Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3% in 2021....
August 31 Deadline to Roll Back Required Minimum Distributions Fast Approaching
As we have written about previously, the CARES Act waived Required Minimum Distributions (RMDs) in 2020. For taxpayers who had...