Financial Literacy Month is not only a celebration, but also a challenge to take care of your finances as best you can. This month can be your opportunity to review your finances and take a concerted approach to improve them. But what’s the origin of this important month? Financial Literacy Month was first recognized in the […]Continue reading
You may not know it, but Social Security income is taxed! However, your tax burden isn’t simply a gross income tax, and there are unique factors that dictate your tax rate and overall tax liability. First, not all Social Security income is taxed. Only a portion of your benefits may be subject to tax, depending […]Continue reading
In retirement, it’s not about receiving as much income as possible. During your working years, it might be, but when you’re the one paying yourself, it’s important not to turn your hard-earned savings into a large pile of income that’s taxed at a higher tax bracket. It is important to strike a balance between maximizing […]Continue reading
When you started out saving for retirement, you may have contributed to an IRA or 401(k) through your employer. In addition, you heard that your contributions were tax-deferred, and you’d have to pay taxes when you reached your 70s. But at the time, you didn’t have to pay income taxes on whatever you contributed, so […]Continue reading
Taxes may be one of your biggest concerns when it comes to retirement. Whether you’re well into your retirement or just starting to think about it, taxes can be one of the main factors in maximizing your savings to stretch all the way through retirement. The Roth IRA can be a great investment vehicle for […]Continue reading
This month, the education community celebrates Financial Aid Awareness Month often by sharing information with students and families about access to federal, state, and institutional student aid. College and higher education costs can sometimes be steep costs to families. However, a college degree can be important in providing opportunities in young people’s careers, so it […]Continue reading
Even though you’re still working every day, carrying your full load of responsibilities, it’s crucial to cross your Ts and dot your Is for your new life ahead in retirement. These six tips are crucial to cross off your to-do list before you enter retirement. Address Your Budget for Retirement Put together a monthly budget […]Continue reading
Most of the nation’s teachers and K-12 educational employees are members of their state’s public pension plans. After years of service, these plans have promised a secure retirement for educators and support staff. Unfortunately, a significant number of public pension plans serving these employees were severely underfunded before the Great Recession. The situation was compounded […]Continue reading
Part A Medicare Part A covers hospital care and long-term care. This includes skilled nursing facilities, nursing homes if not just for custodial care, and hospice. In addition, Part A also covers certain home health services. Part B Medicare Part B coverage includes medically necessary services or supplies needed to diagnose and treat a medical condition. It also […]Continue reading
With all this market volatility and inflation, talk about investment strategies and portfolio longevity seems to dominate the discussion on retirement. But one of the most important aspects of retirement is often overlooked: Medicare. Medicare is a an important health insurance that can provide the support you need to take care of your health in […]Continue reading
