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…

Embarking on retirement alone, either by choice or due to unforeseen circumstances such as the loss of a partner or divorce, presents a unique set of challenges and considerations. With the rise in divorce rates among those aged 50 and older, and the reality that over a quarter of individuals over 60 live solo –…

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:…

As tax season rolls around each year, it often brings with it a wave of stress and anxiety for many individuals. The thought of gathering receipts, organizing documents, and navigating complex tax forms can be daunting. However, amidst the chaos, it’s essential to prioritize your well-being and find ways to de-stress. Here are some strategies…

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…

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…