Two Ways Time May Be Your Enemy In Retirement
New Laws Could Change IRA Contributions and Withdrawal Rules for High Net Worth Individuals
Congress’ Ways and Means Committee recently released the first draft of a major tax bill that could change the rules for IRA Contributions. While these accounts have helped many prepare for their future, there have been documented situations recently (::cough cough:: Peter Thiel ::cough cough::) that expose the loopholes that have allowed wealthy individuals to […]
The Social Security Administration Announces 2022 COLA
5.9% is the biggest COLA increase in decades.
How About A ‘Gap Year’ Before Your Retirement?
For generations, teens in Europe have opted for a year off to adventure and see the world before starting their university educations – an interim commonly referred to as a “gap year”. It turns out some American seniors are also taking a “gap year” between full-time work and retirement, but instead of avoiding campus, they […]
Supply Chain Kinks May Grinch the Holidays
October isn’t normally considered the hub of the Christmas shopping season. That’s what Black Friday signaled, in the “Before Times.” This year, however, supply chain issues threaten to grinch the 2021 holidays. It may prove wise to order gifts now rather than wait until the last minute –because those last-minute orders may very well not […]
Will You Receive A Step-Up In Basis For An Inherited Property?
In most cases, there is a step-up in basis when property is transferred from a decedent. But, there ARE a few exceptions and some subtle distinctions to keep in mind when you inherit property (be it land/house, retirement accounts, annuity, trust, etc.).
How Do Insurance Policies Effect Your Retirement Plan?
Your life and health insurance policies are a key part of your overall financial plan. It’s important to review your policies each year to ensure that you have the coverage you need and/or implement proper coverage.