Many investors I work with have lived through the ‘08 housing crash, and even recent market volatility has felt overwhelming and frustrating for many. When you think back on years where the market has felt like a bit of a rollercoaster ride, how do you feel? 

Many parents and grandparents want to help set the next generation up for financial success – but they aren’t sure the best way to do it. 

Did you know that by choosing the right place to live during retirement, you have the power to lower your tax bill significantly? Of course, taxes aren’t the only reason to relocate, but many states offer tax breaks for retirees that you may find surprising. 

Let’s look into some of the most tax-friendly states to retire in and what type of tax benefits you should look for.

On December 29, 2022, the SECURE Act 2.0 was signed into law by Congress. Investors, especially those in or near retirement, need to pay attention to several items that go into effect between 2023-2025 due to this new legislation. Let’s briefly recap what the original SECURE Act included and how the SECURE Act 2.0 might impact you!

This time of year, figuring out last-minute ways to save on taxes is on everyone’s mind. However, in order to keep your end-of-year holiday season still (relatively) stress-free, you can focus on a few key to-do’s to make a big financial impact next filing season. 

It’s never too early to foster healthy financial habits for your children or grandchildren. So, as you move through the fall semester with your family, let’s focus on three core competencies of financial literacy: earning, spending, and saving money. 

Planning for college can conjure many emotions for parents and students alike. For some, it’s excitement. For others, uncertainty, and for many, it’s a mixed bag. No matter where your student stands in the college preparation process, we have a few insights to help them feel confident going into this next season of their life. 

The fear of inflation and its impact on the financial markets has been in the headlines throughout 2022. Although the Federal Reserve has made several efforts to reduce inflation (including adjusting interest rates), many investors feel it’s a pressing concern. This is especially true for those who are set to retire in the near future, or have already made their transition to retirement and are drawing down their portfolio. 

Estate planning for those who are widowed or divorced can feel complicated. Even if you have a clear idea of who you’d like your beneficiaries to be, or how you want your estate to be distributed, there are several other factors to consider. 

One of the primary roles that single women need to fill in their estate plan are those of a trustee and/or an executor. 

Receiving an inheritance is often an affecting experience—marked by a loved one’s passing, the money is a wonderful gift that also gets intertwined in the grieving process.

It shouldn’t come as a surprise that receiving an inheritance involves much more than meets the eye. Today, we would like to take a look at how inheriting an IRA specifically works. 

Many pre-retirees are familiar with traditional methods of saving for retirement such as contributing pre-tax dollars to a workplace 401(k) or 403(b). However, few of them know that contributing to an HSA or investing in an earmarked account intended for health care costs throughout retirement can help them to offset premiums of otherwise expensive long-term care insurance.

Medicare is often inevitable for retirees. Unfortunately, it can also be confusing! You may be wondering:

  • When do I enroll?
  • Will I be automatically enrolled?
  • What type of coverage do I receive?
  • What if I need additional coverage? 

You will have many different income channels in retirement from investments to pensions to cash to one of our favorites and specialties, Social Security. Social Security is a huge part of your retirement income plan. Not only do these benefits replace about 40% of your income, but they also have huge implications for spouses and dependents. 

Making the right Social Security strategy can be a huge asset to your retirement plan. But how do you even enroll in the first place? Let’s take a look!

You’ve seen the headlines: the Federal Reserve hiked interest rates to historic levels. They raised the target federal fund rate by .75%, which marked the most significant increase in 28 years. Here’s what this interest rate means for you, your wallet, and the economy.

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