Using art as a retirement plan might seem like a good idea, but there are some major drawbacks that you should be aware of before making this decision. Read More
A 40 Year Retirement
Are you ready for a 40 year retirement? Read More
IRS Audits More Low-Income Families
A new report by Syracuse University’s Transactional Records Access Clearinghouse (TRAC), a nonprofit data and research gathering organization, found that the IRS may target low income earners more often than high income earners for an audit. Indeed, during FY 2022, the odds a millionaire was audited by an IRS revenue agent was just 1.1 percent while low-income families have a 1.27% audit rate.
The IRS may target low-income earners more often than high income earners for an audit for several reasons. Read More
How Secure 2.0 Changes Your RMD
The Secure Act 2.0 was signed into law on December 29, 2022 bringing some major changes when it comes to retirement planning. Among the most notable is a change to Required Minimum Distributions (RMD). The new law builds on earlier legislation that allows retirees to delay required minimum distributions (RMDs) until a later age. This can be a significant benefit for retirees who don’t need the income from their retirement accounts and want to keep their savings invested for as long as possible. Read More
The BIGGEST (often ignored) Risk to Your Retirement
Retirement is a time when many people look forward to leaving the workforce and enjoying what should be the most enjoyable phase of your life.
There are many risks when it comes to investing and preparing for retirement. However, there is one threat that is often ignored which has a HUGE impact on the success and reliability of your retirement. The government can impact your retirement negatively. Here are a few examples: Read More
Understanding Needs vs. Wants
Is it a need or a want?
When it comes to personal finance decisions and planning for retirement, it is important to differentiate between needs and wants. While both are important factors to consider, understanding the difference between the two can help you make more informed and strategic decisions about your financial future. Read More
Pay Less Taxes in 2022
Making This Tik-Tok Mistake
Let me tell you what the downside of social media is and why its destructive to your portfolio, especially for younger investors.
There is plenty of data and math available in reference to investing that’s pretty solid. No matter how much institutions and traders try to manipulate this information, the time-tested rules are always going to win out over time. Read More
A Dog is Great for Your Retirement
We all know that in the grand scheme of things, retirement is an incredibly important part of life. It’s a time when we can finally live our lives how we want to, with no one to answer to but ourselves.
There are some obvious sure ways to have a successful retirement. Strategies like making sure to have protected reliable income, a diversified portfolio, reducing your taxes, are solid a solid start.
But what if you could make your retirement even more enjoyable? What if you could have a better quality of life during your golden years? Read More
When Is the Best Time to Invest?
Investing in the stock market is a great way to grow your money for retirement, but it can also be extremely nerve-wracking. The markets are always volatile, and there’s no guarantee that you’ll be able to ride out the ups and downs.
The truth is, there’s no perfect time to invest. There will always be an element of risk involved—no matter what your investment strategy is or how much time you’ve put into researching your portfolio. But with these tips, you’ll be able to reduce some of the volatility of the market so that when things do go down (and they will!), your losses won’t be as severe. Read More
