Retirement Planning

How To Estimate Your Tax Bill In Retirement

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Everything changes in retirement—including how you pay taxes. Many new retirees are surprised by how high their tax bill can be. To avoid any unwelcome surprises come tax time, proactive tax planning is a critical component of retirement planning. Luckily, it’s possible to accurately estimate your tax bill beforehand, making it easier to plan accordingly.…
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The 4 Secrets To A Happy Retirement

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Everyone may have a unique vision for their ideal retirement, but each scenario likely shares a common theme—joy and happiness.  You’ve worked so hard to save and plan for this new phase of your life, so how can you make the most of it? While your finances play a role, they are far from the…
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What Is An Encore Career (And Why Consider One)?

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Retirement is an opportunity to write a new story and carve the next chapter of your life. Ask yourself: What is the dominant theme in your narrative?  How can you continue to grow and develop?  How do you want the next couple of decades of your life to unfold? These are prominent questions, ones that…
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The Top Social Security and Medicare Changes in 2021

Few programs impact your retirement quite like Social Security and Medicare, making any changes crucial financial planning information. The Social Security Administration (SSA) recently communicated updates and expectations for beneficiaries heading into 2021. Today, our team will outline the top changes that could influence your plan.  Beneficiaries can expect a raise. Most retirement income channels…
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How To Maintain Charitable Giving In A Pandemic

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

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

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?

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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