Their financial goals were like many I sit down with. They wanted a comfortable retirement where they could both stop working and do a little volunteer work. Felicity also toyed with the idea of starting a small business. For them, retirement meant some annual travel (until they were no longer able), doing some hiking, and visiting their kids. Since they were both in good health and with a desired retirement age of around 65, that meant they could be around for 30 + years.
As financial planners we want to ensure that our clients have the money they need once they retire and have as little money worries as possible. While you are working, if the stock market declines, you might decide to just work a few more years to make up for the lower value of your investment accounts. #RetirementIncome #RetirementPlanning #WorryFreeRetirement #LymanJackson
Top Capital Gains tax rate will go from 20% to 25%. The Biden plan proposed a 39.6% rate for those with income of $1,000,000 but this bill kicks in this new rate of 25% at an income of 400k.
One of the best pieces of financial advice I ever gave to my son was when he wanted to buy a new electronic game called Disney Infinity. He had seen the ads and had fallen in love with the game. But it was going to be expensive, using up all of his Christmas money and cash.
Are you ready for Medicare's open enrollment? Here are a few changes you can make to your health coverage during this time.