Receiving an inheritance can be a financial turning point, but without a clear strategy, it can quickly become a missed opportunity. Learn how to approach inherited assets, taxes, and investment decisions with clarity and purpose.
For many individuals, retirement isn’t simply about stepping away from work; it’s about stepping into a new chapter with intention. You’ve spent decades building your wealth, creating security for your family, and shaping a lifestyle you value. Now, as you begin to look toward the horizon of retirement, the questions shift from “How do I earn more?” to “How do I make this next phase everything I’ve worked for?” Here are 8 things to think about as you approach retirement.
If you’re a high-income earner you may have already maxed out your traditional Roth IRA or found yourself phased out due to income limits. But there’s a powerful tool that many investors haven’t fully taken advantage of—the Mega Backdoor Roth IRA. Despite the complicated name, the strategy is surprisingly straightforward and can be a game-changer for long-term, tax-free wealth accumulation.
When you’ve accumulated substantial assets and your retirement horizon is in sight, investment isn’t about chasing every hot trend; it’s about preserving wealth, generating income, controlling risk, and handing forward a legacy. For high-net-worth individuals, the stakes are higher, but so are the opportunities. Below are strategies from Seaside Wealth Management that can help ensure your wealth continues to grow, supports your desired lifestyle, and weathers market cycles, inflation, and unexpected events.
For many individuals, retirement planning is more than just growing a nest egg, it’s about protecting, preserving, and transferring wealth in the most tax-efficient way possible. At Seaside Wealth Management, we believe that tax strategy is not an afterthought, but a cornerstone of your overall financial plan. Our integrated approach ensures that tax considerations are woven into every investment decision, allowing your portfolio to work harder while keeping more of your returns in your pocket. By blending tax efficiency with comprehensive wealth management, we help you create a retirement plan that supports your lifestyle now and safeguards your legacy for generations.
If you’ve opened your Medicare bill and noticed a sudden spike in your premium, you’re not alone. Many retirees are facing something called IRMAA, short for Income-Related Monthly Adjustment Amount. While the name sounds complex, the takeaway is straightforward: higher income results in higher Medicare premiums. The good news is that there are ways to manage it.