If you’re under age 50, you can contribute up to $6,000 across one or more IRAs for 2022. If you’re age 50 or older, the limit is slightly higher ($7,000).* You can make an IRA contribution for a given year anytime between January 1 and the tax-filing deadline of the following year (usually April 15). […]
IRA contributions: The earlier, the better Read More »
As we wrap up LTC Awareness Month, it’s a stark reminder that nobody likes the idea nor the possibility of needing long-term care (LTC). But the truth of the matter is 70% of those age 65 and older will need some form of LTC. As life expectancy continues to rise as a result of medical and technological advances,
Long-Term Care: Facing The Future Read More »
Today, about one out of every three 65-year-olds can expect to live past age 90, and about one out of seven will live past age 95. A longer life span means more time to spend with family and friends or to pursue a passion. But it also means that more of us will need to
Bridging the family conversation gap Read More »
From time to time I have a conversation with a new retirement plan participant and they are leery about contributing to their employer-sponsored 401k plan. The main reason for the apprehension is that they don’t know enough about the plan itself, which is where our value as advisors starts to really shine. While it may
Top 5 Reasons To Save In Your Company’s 401(k) Read More »
Financial advisors can offer a different perspective about the legal terms in estate documents and what they will mean financially for you and those who inherit your assets. All the events that happen over our lifetime—going to college, getting married, having children, choosing to divorce and deciding when to retire—have consequences for our finances. However,
Five Reasons Your Financial Advisor Should Review Your Will Read More »
Every year, LTC Awareness Month rolls around just in time to get sideswiped by elections, holidays, and football. Here at PlanSimple, we focus on one of the biggest drivers towards a successful retirement plan, which is managing the cost of care. Most of us have seen it first hand, the nursing home that costs more
Long-Term Care Awareness Month Read More »
Social Security benefits will go up 8.7% in 2023, the largest adjustment in four decades. Here’s why you don’t need to rush to file to benefit from the increase. With all the talk about inflation these days, you may have heard the news that the 2023 cost-of-living adjustment (COLA) for Social Security benefits is 8.7%,
Should You File for Social Security Early to Capture the Inflation Adjustment? Read More »
Inflation has been the buzz word since the early stages of the COVID-19 pandemic. We all have experienced the frustration of rising prices whether from higher grocery bills, gas prices or virtually anything we want to purchase. To help combat rising prices, workers typically receive increases in their paychecks. Of course, every company handles raises
How Big Will The Social Security Cost of Living Adjustment Be For 2023? Read More »
Main Takeaway: While inflation has moderated since June, it remains stubbornly high, and the Federal Reserve took further action by raising its benchmark rate again in September. Shocks happening abroad are the main contributor, and speculation about the world entering recession early next year has risen. Top Risks: The war in Ukraine has led to
Economic Brief: Labor Market Remains Tight As Global Risks Rise Read More »
A short message about rollercoasters. Markets rallied in relief on Wednesday after hitting new bear market lows the day before. It was a bright spot in what has seemed like a relentless parade of bad news. But the Dow, S&P 500, and Nasdaq are still playing bumper cars with your portfolio.1 Is this the bottom of
Rollercoaster Ride? Read More »