Is $5 Million Enough for Your Golden Years? Welcome, fellow retirees! Today we’ll answer the big money question that’s probably been on your mind: how far does $5 million go in retirement? If you’ve saved this much money (or plan to), you may be wondering if you’ll be set for life or if you’ll still … Read more
Are you wondering if you can turn your future pension payments into cash right away? Maybe you’re having money problems or just need a big lump sum for a big purchase. It’s not as simple as you might think to answer “can I sell my pension?” Let’s go over everything you need to know about … Read more
People who get Supplemental Security Income (SSI) or want to get it may be wondering, “Can I own a house on SSI without losing my benefits?” The short answer is yes, you can own a house while getting SSI. In fact, your main home is usually not taken into account when figuring out your SSI … Read more
It can be hard to figure out if you need to report your Roth IRA on your taxes. You’re not the only one. The connection between Roth IRAs and taxes can be tricky, especially since these retirement accounts are known for their tax benefits. At our tax firm, we’ve helped hundreds of clients with this … Read more
The world of trusts is not one-size-fits-all. What kind of trust you pick should depend on how you want your assets to be managed now and in the future. Terry Ruhe, senior vice president and regional trust manager for U.S. Trust, says, “A trust can help you deal with specific tax issues or protect you … Read more
Are you wanting to buy your first home but having trouble saving enough for the down payment? Your Roth IRA could be the answer you’ve been looking for since you opened it. Let’s go over everything you need to know about using your retirement savings to buy a house before you start taking money out. … Read more
When you hit your 40s, is it too late to start building real wealth? No way! In fact, your 40s can be the best time to speed up your journey to wealth. You’re in a great position to make a lot of money now that you have a stable job, the chance to make more … Read more
Let me tell you something that might change your financial future. I’ve been studying wealth-building strategies for years, and the difference between the rich and poor isn’t just about fancy cars or big houses. It’s about where they put their money. Today, I’m gonna break down what wealthy folks invest in that others don’t. And … Read more
The ideal monthly retirement income for a couple differs for everyone. It depends on your personal preferences, past accomplishments, and retirement plans. The median income for couples aged 65 and up according to the US Census Bureau in 2022 is $76,490 per year, or about $6,374 per month. Would you and your partner enjoy a … Read more
There are a lot of people who worry about not having enough money in retirement. This is where a single premium indexed annuity might come in handy for many of us who want to protect our financial future. But what is this financial product, and is it right for you? Let’s make it easy to … Read more