Not sure about the optimal time to file for your Social Security benefits? You are not alone. We regularly get questions from our retired and pre-retired clients about the best time to file for benefits. Surprisingly, there is not one standard answer....
The Setting Every Community Up for Retirement (“SECURE”) Act was passed by the House over the summer and seemed to stall in the Senate until mid-December when it got attached to an end of the year spending bill. The SECURE Act is a significant piece...
Some retirement plan contribution limits are increasing in 2020. Periodically the Treasury Department raises contribution limits to keep pace with inflation. This is good news for those that like to max out their savings for retirement. For 2020, this includes almost all types of retirement...
Most people have heard of 401(k) plans- a tax advantaged way for employees of larger companies to save for their retirement. As traditional employer-paid pension plans have declined in usage, 401(k)s have become one of the most popular retirement benefit choices. A Solo 401(k) (also...
Real estate agents have financial obstacles and opportunities due to the very nature of how they are paid. Uneven cash flow and being self-employed can make saving for retirement difficult. Most realtors don’t have the advantage of a retirement plan sponsored by their employer and...
If you or a family member are approaching the golden years you might be considering the option of a continuing care retirement community (CCRC). Also known as life plan communities they offer a range of residential units starting with independent living and increasing to...
The IRS recently announced that there will be an increase in the amount you can save in tax advantaged retirement accounts in 2019. Contribution limits are adjusted periodically to keep pace with inflation. For you, this means in 2019 you can save more and potentially...
On the most basic level an annuity is a contract between you and an insurance company. You pay the insurance company a lump sum or arrange for a set of payments over time; in return, the insurance company has to make payments to you either...
At long last the IRS has ended the debate over the legality of the “backdoor” Roth IRA. This subject has been widely debated in financial and legal circles for years. The subject was brought up again in December 2017 during the passage of the Tax...