News and Resources

How To Maintain Charitable Giving In A Pandemic

  News
  Charitable Giving, Retirement Planning
It’s no secret that the coronavirus pandemic has upended nearly every aspect of our lives. The imposing economic and health crisis has left many charities in need. Given the economic turmoil, many people wondered how these organizations, and the people they serve, would fare. But donors have continued their generosity throughout these difficult times.  Fidelity…
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How (and Why) To Minimize Debt In Retirement

  News
  Debt Management, Retirement Planning
Debt plagues many Americans, and retirees aren’t immune. NerdWallet’s annual analysis discovered that the average debt per household in the US climbed to $137,729. This study includes many forms of debt from mortgage to home equity line of credit to auto loans to student loans to credit cards to personal loans to medical costs and…
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How To Find The Right Part D Plan For You

  News
  Healthcare, Medicare, Retirement Planning
It’s no secret that prescription drugs are expensive and that the United States incurs some of the largest pharmaceutical spending in the world. It’s estimated that US consumers spend upwards of $500 billion each year on drug costs. For many years, retirees bore the brunt of these costs as Medicare didn’t have a prescription drug…
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Is A Medicare Advantage Plan Right For You?

  News
  Healthcare, Medicare, Retirement Planning
Original Medicare won’t cover all of your medical expenses. AARP estimates that nearly 90% of beneficiaries enroll in some type of supplemental coverage to round out their health plan and keep expenses at bay. There are two options for additional coverage: Medicare Advantage Plan (Part C) Medigap Plan (Supplement Plan) Today, we are going to…
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What Do You Need To Know About Medicare?

  News
  Healthcare, Medicare, Retirement Planning
Healthcare planning is among the most vital aspects of a well-rounded retirement plan. With current retirees expecting to spend upwards of $295,000 in medical costs alone throughout retirement (excluding long-term care), understanding your health coverage becomes more important than ever to stretch your savings and promote a happy, healthy retirement lifestyle.  Medicare is an essential…
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Here’s What You Need To Know About Roth Conversions

  News
  investing, IRA, taxes
For retirement, specifically, individual retirement accounts (IRAs) are a widely popular savings vehicle. Roth IRAs, in particular, are excellent accounts to help retirees mitigate their tax liability in retirement.  The main differentiator of a Roth IRA is that you contribute with after-tax dollars, and all qualified distributions are tax-free. This structure brings an important tax-efficient…
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Writing notes

5 Simple Things That Will Make Or Break Your Estate Plan

  News
  estate planning
Estate planning has seen a resurgence since the beginning of the pandemic. Alterations to laws now accommodate virtual updates to wills, trusts, beneficiaries, and other significant estate planning documents, and people seem to have more urgency to get these tasks completed. Remember, estate planning isn’t just preparing for something you won’t get to see; instead,…
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Retired couple holding hands

How Do Survivor Social Security Benefits Work?

  Resources
  retirement,
Social Security is a robust system that provides aid to disabled workers, minor children, and surviving spouses/dependents. In fact, according to AARP, nearly 5.9 million people were collecting survivor benefits in 2020. Survivor benefits play an important role in the social security system, making it imperative that you know what it is, how it works,…
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What You Need To Know About Long-Term Care Insurance

  News
Long-term care is an emotional topic. It can be difficult to think about yourself or a loved one in a state of not being able to perform daily tasks. But avoiding the topic can lead to exorbitant payments in retirement. In fact, by the time a person reaches 65, they have a 50% chance of…
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