Retirement is now just one year away. Let’s assume you have already addressed the big financial issue—you have enough money to retire. It is time to create a final checklist for the next twelve months. The goal should be to retire only once. No one wants to miscalculate and be
Forbes recently reported that we are at the brink of the largest intergenerational wealth transfer in history1. Over the next 30 to 40 years, $30 trillion in assets will pass from one generation to the next in the United States. The Center for Rural Pennsylvania estimates2 that in Lancaster County, Pennsylvania
The yield on 10-year Treasury notes has dropped back below 2% and, at the same time, the S&P 500 Index recorded a 15-year average return of 9% (for the period ending September 30, 2019). Many economists are predicting that we may be facing a time of increasing inflation. This scenario
Planning for retirement is like running a marathon. Set a steady pace and keep going. It is also important to have a strategy in place to reach retirement and do something each year that moves you closer to realizing it. Here are some dos and don’ts to help you reach
Capital One Financial Corporation confirmed that personal information was breached by a hacker accessing their customer records in July. Roughly 140,000 Social Security numbers and 80,000 linked bank account numbers belonging to Capital One credit card customers were compromised. The Capital One incident is just the latest among a growing
Long-term capital gains and qualified dividends have retained their preferential tax treatment following the Tax Cuts and Jobs Act of 2017 (TCJA). Tax rates for both types of income range from 0% for taxpayers in the lowest tax brackets to 20% for the top income earners. This compares to tax
Where do you want to live after you’ve reached financial independence? For many people, where they live is dictated by their career. That restraint ends once you have built your net worth and no longer need to work for a living. Do you want to live near the ocean or
Social Security gives workers the option to take benefits anytime between the ages of 62 and 70, and it offers some incentives to those who are willing to wait. Waiting eight years to claim Social Security at 70 instead of 62 can boost monthly payments by more than 75%. Yet
One of the most important retirement planning decisions to make will be deciding when to draw Social Security benefits. It is a difficult decision in general because there are a lot of factors to consider. This newsletter will look at three important factors to think about when taking Social Security
Most seniors rely on Medicare to provide their health insurance coverage. In 2015, 16.3 percent of all people in the United States were covered by Medicare1. That number continues to grow as our population ages. Medicare does not cover everything. Medicare is divided into three parts: Part A, Part B,
