5 Important Practices for an Enjoyable Retirement

Reading Time: 2 minutes Retirement is the beginning of a new and exciting chapter in one’s life. Even then, the change of pace from working life to retired life can be challenging for some retirees. What’s supposed to be a time of relaxation can quickly...

Achieving Goals Outside of Retirement

Reading Time: 3 minutes When we think about saving for the future, retirement often takes center stage. It’s a significant financial goal that requires careful planning. However, life is filled with various milestones, each with its price tag. From weddings and...

Understanding the Risk of Sequence of Returns

Reading Time: 3 minutes As people look ahead to retirement, they often picture relaxing days, trips, and special times with family and friends. However, a financial issue is not always so obvious, and it can significantly impact how secure your retirement is....

Future Estate and Gift Tax Exemption Changes

Reading Time: 3 minutes The 2017 Tax Cuts and Jobs Act (TCJA) increased almost twice the lifetime estate and gift tax exemption. It elevated the individual exemption from $5.6 million to $11.18 million. It raised the exemption for couples from $11.18 million to $22.36...

Understanding the Liabilities of Heirs

Reading Time: 3 minutes When a person dies, their estate is responsible for paying their debts and taxes. However, the heirs of the estate may also be liable for these obligations. This is because the heirs are essentially taking on the assets and liabilities of the...

Choosing Retirement Plans as a Business Owner

Reading Time: 3 minutes Retirement plans are crucial considerations for business owners. The SEP IRA and Solo 401(k) are two popular options to explore. It is essential to compare the advantages and disadvantages of each retirement plan. The ideal plan depends on...