Practical advice for successful retirement planning.
The 2023 Income Related Monthly Adjustment Amount (IRMAA) Brackets
Are you a high-earning individual approaching age 65? Or perhaps an individual wondering how Medicare premiums work and what factors can impact your costs? Either way, the Income-Related Adjustment Amount (IRMAA) may be a topic of interest.
5 Ways to Hedge Your Retirement Income Against Inflation
Inflation can also erode the purchasing power of your retirement income, making it necessary to protect it against inflation. That's why I am here to share with you five effective ways to hedge your retirement income against inflation, so you can mitigate the impact of inflation until the Fed brings it under control.
5 Benefits of Working Past 65
When people think about retirement, they view turning 65 years old as the magic number. And I get it! Why wait a few more years if you can retire now? Surprisingly, there may be more reasons than you think.
Should You Have an Emergency Fund in Retirement?
You have likely heard me say that every working person should have an emergency fund with three to six months of income. The question is, does this apply to retirees as well?
3 Reasons to Open an HSA Account in 2023
As we begin the 2023, I want to ensure that you’re setting yourself up for success in 2023. A great way to do that while helping you save for retirement is opening a Health Savings Account (HSA).
7 Ways to Cut Your Monthly Bills in 2023
My goal in writing this blog is to share seven easy and effective ways to cut costs and lower the cost of your monthly bills. If you want to learn how to decrease your electricity bill, save on groceries, and cancel unused subscriptions then read to the end.
The 7 Best Short Term Investments to Grow Your Money
The numerous Federal Reserve interest rate hikes in 2022 created a great opportunity for short-term investing in 2023. There are several investments that are currently producing yields not seen in the past 20 years.
How to Process a Backdoor Roth Contribution in 2023
The main issue with a Roth IRA is that the IRS does not allow high-earning individuals to contribute. The solution? A Backdoor Roth Contribution which I will educate you about throughout this blog!
7 Investments To Avoid In Retirement
I have seen several examples of poor investments negatively impacting an individual’s or couple’s ability to save for retirement. Therefore, my goal in writing this blog is to educate you on seven investment products that may carry more risk than you had thought.
What is the Ideal Asset Allocation in Retirement?
Deciding how to invest your assets is incredibly important for the future success of your investment portfolio. Therefore, I’m going to break down your diversification options and give you my take on how to best invest for a successful retirement!
Changes to the Social Security Cost of Living Adjustment (COLA) in 2023
Social Security has a few important changes coming in 2023. If you want to know what these changes are and how they will affect you then you have come to the right place!
Collect Social Security Now or Wait?
There are several questions that you should be asking yourself if you are preparing to apply for your Social Security benefit. The largest question being, at what age should I begin collecting my Social Security?
How to Make the Most of Your Health Savings Account
Have you started investing in your Health Savings Account (HSA) yet? A common misunderstanding is that an HSA can only be used to pay for qualified health care, dental, and vision expenses. However, this is not the case.