New retirees quickly realize that they’ve got much more time to play 18 holes at the country club or book that week-long get-away. And all these additional activities equal more money coming out of your bank account. In fact, we’re finding that many of our clients require closer to 100% of their pre-retirement income for retirement living.
As you approach retirement age, it is crucial to have a comprehensive understanding of how your benefits will be taxed. Social security taxes can be complex and confusing, but with the right knowledge, we can help you make informed decisions to minimize them. In this article, we will demystify social security taxes and explore how they affect both retirees and working individuals.
Retirement is a time that many people look forward to. It's a period of relaxation, exploration, and enjoying the fruits of your labor. However, without proper financial planning, retirement can quickly turn into a source of stress and worry. In this article, I will share with you the top 6 methods to safeguard your finances for a worry-free future, ensuring that you achieve financial freedom in retirement.
No doubt, 2022 was a painful year in the stock market. From January through October, the S&P 500 was down 25%. It recovered slightly in the 4th quarter to end the year down about 20%. This was one of the worst years since the Great Financial Crisis of 2008. The market reacted sharply to the Federal Reserve increasing interest rates at a rapid clip. Now that inflation seems to be easing, are we out of the woods yet?
As a wealth management firm, we understand that our clients value stability, reliability, and the assurance that their financial investments are in safe hands. With the recent merger of TD Ameritrade and Schwab, we recognize the concerns that might arise. However, we firmly believe that this union brings a multitude of benefits that will enhance our clients' investment experience and contribute to their long-term financial success. In this blog post, we will explore why the TD Ameritrade and Schwab merge is actually advantageous for our valued clients.
I’m going to tell you a story of a Seaside Wealth client who recently fell victim to a scam. He’s been thoughtful enough to share the details with me, in the hopes of helping others. We will discuss the red flags exhibited by the scammer. Then, we’ll review the major scams currently circulating throughout the United States. And finally, we’ll close with effective strategies you can employ today to help keep your funds safe.