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For many people, retirement income may come from a variety of sources. Here’s a quick review of the six main sources: Social Security Social Security is the government-administered retirement income program. Workers become eligible after paying Social Security taxes for 10 years. Benefits are based on each worker’s 35 highest earning years. (If there are […]

Today’s changing health care landscape makes understanding Medicare even more important. Whether you have questions for yourself or a loved one, the following answers may help. What does Medicare cover? Medicare is a federal health insurance program for people aged 65 years and older as well as those younger than 65 with specific disabilities or […]

Each year, the IRS issues standard mileage rates used to calculate the deductible costs of operating vehicles for business, charitable, medical, or moving purposes. As of January 1, 2019, the rates for vehicles used for the above purposes are: 58 cents per mile driven for business use 20 cents per mile driven for medical or […]

  While nature offers four seasons, Wall Street offers only one – four times a year. It’s called “earnings season,” and it can move the markets. So, what is earnings season, and why is it important? Earnings season is the month of the year that follows each calendar quarter-end month (January, April, July, and October). […]

Who among us wants to pay the Internal Revenue Service more taxes than we have to? While few may raise their hands to voluntarily pay more taxes, Americans regularly overpay because they fail to take tax deductions for which they are eligible. Are you one of them? Let’s take a quick look at six of […]

  We wanted to start off our April newsletter with a welcome to our new employees. We added a new team members to help service our clients. We are beyond grateful and blessed to have this opportunity to grow. We are excited for all of you to meet Lauren Ferguson!             […]

You might be initially confused by these terms or even suspect they aren’t that different in terms of what each model offers you as an investor, but they are very distinct approaches, and it’s good to understand these two schools of thought as you invest. This understanding could help you make important investment decisions, both […]

Knowledgeable investors are aware that investing in the capital markets presents any number of risks – interest-rate risk, company risk, and market risk. Risk is an inseparable companion to the potential for long-term growth. Some of the investment risks we face can be mitigated through diversification.[i] As an investor, you face another, less-known risk for […]

Depending on the types of retirement benefits you receive, they could be taxable. Here are some basics: Fully Taxable Payments The pension or annuity payments that you receive are fully taxable if you don’t have an investment in the contract because: ● You didn’t contribute anything to your pension or annuity ● Your employer didn’t […]

An IRA, or Individual Retirement Account, is a tax-advantaged account that is subject to special rules regarding contributions and withdrawals. One of the central rules of IRAs is that withdrawals prior to age 59½ are generally subject to a tax penalty. Yet, policymakers acknowledged that extenuating circumstances might require access to these savings. In appreciation […]

  Many Americans have taken steps in recent years to protect their personal information, but savvy cybercrooks have overcome some of those defenses. A 2018 Javelin Research report found identity theft hit an all-time high in 2017, affecting an estimated 16.7 million consumers. For the first time, Social Security numbers were compromised more frequently than […]

This month we have some articles and tips that we really feel will provide value to you! March is a busy month for families, coming down from the hustle and bustle of the holidays & winter, getting ready for spring vacations, and trying to keep on track with those new years resolutions. What will a […]

Social Security has been a pillar of retirement life for several decades, but how much do you really know about it? Here are a handful of facts that might surprise you: The Social Security trust fund exceeds the gross domestic product of every country in the world, except the nine largest: China, the European Union, […]

A record number of Americans traveled abroad in 2016 for leisure, business, study abroad and missionary work- to the tune of 67 million. Given recent epidemics, natural disasters and security  threats around the world- coupled with your run-of-the-mill medical issues- travelers have more reason than ever to ensure their health and safety are fully insured […]

The financial uncertainties we face in retirement may risk reducing our sense of confidence, potentially undermining our outlook during those years. Indeed, according to the 2018 Retirement Confidence Survey by the Employee Benefits Research Institute, only 17% of pre-retirees said they are “very confident” about having enough assets to live comfortably in retirement. In addition, […]