25 Things to Consider for 2025
2025 is here and so is this handy checklist to help you focus on key financial aspects this year.
2025 is here and so is this handy checklist to help you focus on key financial aspects this year.
Smart Year-End Money Moves to Make in December As the year winds down, December offers a unique window of opportunity to make strategic financial moves. These actions can optimize your tax situation, bolster your savings, and set you up for a financially healthy new year. Here are eight smart money moves to consider before the clock strikes midnight on December 31.
Navigating the complexities of Medicare costs during retirement can be daunting, especially when it comes to the Income-Related Monthly Adjustment Amount (IRMAA). IRMAA is an extra charge added to your Medicare Part B and Medicare Part D premiums if your income exceeds certain thresholds. Fortunately, there are strategies to potentially reduce this surcharge and maximize your retirement healthcare budget.
Master Medicare Open Enrollment 2024: Essential Tips and Advice With the Medicare open enrollment period in full swing, beneficiaries face crucial decisions about their healthcare coverage. This annual window gives you the chance to review and adjust your Medicare plans, ensuring you have the most suitable coverage for your needs and budget. With changes in Part D prescription drug plans, Medicare Advantage plans, and potential updates to premiums and costs, it's essential for you to stay informed and take action.
At Seaside Wealth Management, we understand that one of the greatest fears facing retirees is the possibility of outliving their savings. Ensuring that your money lasts throughout your retirement requires careful planning and consideration of numerous factors. Today, we’ll share key strategies to help you achieve financial security and peace of mind in your golden years. From understanding longevity and managing living expenses to making smart investment choices and timing your Social Security benefits, we’ve got you covered!
Understanding Roth Conversions A Roth conversion involves transferring funds from a traditional IRA or other tax-deferred retirement accounts into a Roth IRA. Unlike traditional IRAs, Roth IRAs allow your investments to grow tax-free, and qualified withdrawals during retirement are also tax-free. This makes Roth IRAs a compelling option for long-term tax planning and retirement strategies.