It is hard to believe it is already December. We are all ready to put 2022 behind us. It is time to look ahead to next year. We are all hoping for better things. But there is one major concern on our minds. What if stocks go down again in 2023? We look at the potential impact of back-to-back down years of negative investment returns.
It's hard to believe 2022 is almost over. As we approach the final few weeks, it is time to look at some year-end tax savings strategies. We will also talk about a strategy to help you reduce future taxes as well.
Inflation impacts all of us, mostly in an unpleasant way. We have all seen the higher prices at the pump and in the grocery store. But the news isn't all bad. Higher inflation also means other things adjust as well. Those include tax provisions, retirement plan contribution limits, and Social Security. These are the key changes for 2023.
One of the biggest retirement questions we hear from clients is about income taxes. It is one of the biggest expenses you will face in retirement. Income taxes can be confusing and intimidating and you need to have a plan. In this episode of our Retirement Planning Essentials, we talk about how to start planning for income taxes in retirement.
This year has been very difficult for investors. A bear market has plagued both the stock and bond markets. The dark clouds of pessimism dominate the media. But things will change. Better times are ahead, and it is nearing time to shake the doldrums. Are you ready for the next bull market?
Generating income in retirement is a key component of your overall financial plan. Do you depend on ongoing capital growth or dividends to generate the funds you need? You can think of the growth as snow and the dividends as rain. Either way, it's all water, and it can all work to help you create the income you need.
This week we have a live broadcast to discuss the current bear market. We'll talk about: what has made this one different, Have we reached the bottom? How does this bear compare? What should you be doing? Is now a good time to reassess the amount of risk you are comfortable taking?
Spending is the most important factor in your retirement plans. Your spending level has a greater impact on your plan’s success or failure. (Failure can be easily defined as seeing your account values go to zero before your blood pressure does). Spending can often be the most difficult piece of the puzzle to identify. We share some tips to help you easily begin the process of determining your retirement spending. Then we offer some ideas to help you fine-tune that amount.
Social Security survivor benefits can be complicated—especially if you haven't started receiving your benefits. We cover the key things you will need to know to make the right decision in your retirement plans.