Fall Season: 5 Steps to a Secure Financial Future Take action and position yourself for a financially healthy winter and beyond

As the days grow shorter and the temperatures cooler, we are officially in the fall season—a time often associated with preparation, change, and reflection. Just as we prepare our homes for colder weather or harvest the final fruits of summer labor, fall is an ideal time to evaluate and prepare your financial future. Here are…

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Don’t Overlook These New RMD Rules for 2024: Learn about the 2024 guidelines related to required minimum distributions from qualified retirement accounts.

Your required minimum distributions, or RMDs, can impact other aspects of your financial life, like taxes or Medicare costs. Key Takeaways: Most closing costs are paid by the buyer, but some are the responsibility of the seller. Closing costs typically range from 2% to 5% of the home purchase price. Some first-time homebuyers may qualify…

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Retirement Planning: Do We Stay or Do We Go?: Tips to find a balance that honors your emotional bonds and practical needs

As we sail into the golden years, the familiar shores of our longstanding homes beckon with the comfort of decades’ worth of cherished memories. Yet, the winds of change carry whispers of continuing care communities, offering a different kind of allure with promises of ease, convenience, and peace of mind. It’s at this juncture that…

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Regain Confidence and Restore Your Retirement

The path to retirement can often seem daunting, with the end goal appearing distant and difficult to reach. This sentiment has only grown in recent years, as indicated by a recent report on the Economic Well-Being of US Adults, conducted by the Federal Reserve. According to the study, only 31% of non-retired Americans are confident…

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The Triple Dangers of Inflation for Pre-Retirees: Safeguard your financial well-being and ensure a secure retirement

As the economic landscape continues to shift and evolve, one specter looms ominously over the horizon: inflation. For pre-retirees, individuals who are on the cusp of transitioning into their golden years, the effects of inflation can be particularly devastating. With each uptick in the Consumer Price Index (CPI), the financial security and stability of those…

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Recent IRS Updates to Defined Benefit Plans: An opportunity to fine-tune your approach to pension risk management

The IRS has released the 2024 mortality tables, which will be instrumental in funding, determining minimum lump-sum distributions, and various other calculations that affect the financial health of your pension plan. This update marks the first major revision to the base mortality rates since 2018 and includes adjustments to consider the impact of COVID-19. The…

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