The Seaside Blog

Retiring early is a common dream for many, but the decision to do so can be a difficult one. Having every day off to do what you want sounds appealing, especially when work is getting tiring. However, one mistake can derail a lifetime of good planning, saving and investing. The risks associated with retiring early should be considered in light of the potential rewards that come with such a decision. Ultimately, the success of a decision to retire early will depend on your financial security and preparedness for the lifestyle change.

Getting stuck with an unexpected tax bill can be stressful and unsettling. Here are five ways to reduce your tax bill to a more manageable size.

he Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in December 2019, brought a wide range of changes to the retirement planning landscape, from the death of the ‘stretch’ IRA to raising the age for Required Minimum Distributions (RMDs) to 72. Nearly three years to the day after the passage of the Secure Act, Congress has passed the Secure Act 2.0.

On December 23, 2022, the Secure Act 2.0 was passed by Congress and signed into law on December 29. This legislation provides a slate of changes that could help strengthen the retirement system and builds on earlier legislation passed in 2019 called the Secure Act.

With 2022 rapidly coming to a close, there are things you can be doing right now to make smart moves with your money. Here are some strategies and tips to help you make great year end money moves.

With inflation taking a toll on everyone, it’s hard to find anything good about it. We finally have a silver lining! The 2023 retirement plan contribution limits have been announced and they have all gone up dramatically, in large part because of the inflationary effect. For those of you who are still working, this is a good opportunity to take advantage of your opportunity to save more money towards retirement as well as your health savings accounts.