The Triple Dangers of Inflation for Pre-Retirees: Safeguard your financial well-being and ensure a secure retirement

As the economic landscape continues to shift and evolve, one specter looms ominously over the horizon: inflation. For pre-retirees, individuals who are on the cusp of transitioning into their golden years, the effects of inflation can be particularly devastating. With each uptick in the Consumer Price Index (CPI), the financial security and stability of those…

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Important Considerations When Building Your Retirement Plan in Your 40’s, 50’s and Beyond

As individuals enter their 40’s, 50’s and beyond, retirement planning takes on added significance. With retirement looming closer, it becomes increasingly important to reassess financial goals, adjust savings strategies, and ensure a secure financial future. Here are some important considerations for continuing to build your retirement plan in your 50s and beyond: Evaluate Retirement Goals:…

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Recent IRS Updates to Defined Benefit Plans: An opportunity to fine-tune your approach to pension risk management

The IRS has released the 2024 mortality tables, which will be instrumental in funding, determining minimum lump-sum distributions, and various other calculations that affect the financial health of your pension plan. This update marks the first major revision to the base mortality rates since 2018 and includes adjustments to consider the impact of COVID-19. The…

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Retirement Planning: A Map to Changes in 2024

Navigating these demands an adaptable approach to financial planning As we kick off 2024, the world of retirement planning is undergoing a fairly significant transformation, as tax brackets, retirement contribution limits, estate and gift tax exemptions, among other things, are set to undergo upward revisions. Additionally, the gradual introduction of Secure 2.0, a pivotal retirement…

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