October 2023 Newsletter
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Retirement Plan
From Accumulation to Distribution: Rethinking Retirement Finances
Summary: Episode 203: David Bezar kicks off this episode with a recap of last week’s much-talked-about Social Security-focused session, where listeners poured in texts, benefiting from the white paper we shared. The massive engagement confirmed our belief in the positive impact we were making. Taking a cue from that, today’s show presents another ‘not-to-miss’ playbook …
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What Exactly Is Financial Literacy?
What Exactly Is Financial Literacy? Financial literacy is a key skill that helps ensure an understanding of what is required for a secure financial future. A financially literate person is knowledgeable in the many elements of financial management, such as borrowing, investing, budgeting, and tax planning. Financial literacy is crucial for long-term financial success. …
Retirement Account or Retirement Plan: What’s The Difference?
Written by Jeff Walker, Financial Planner Retirement Account or Retirement Plan: What’s The Difference? The most widely used and well-known retirement savings plan in the United States is a 401(k) plan. The term \”401(k)\” refers to Section 401(k) of the Internal Revenue Code. These types of plans allow employees to avoid taxation on their income …
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Retirement – A New Identity
Written by Jeff Walker, Financial Planner Retirement – A New Identity George had been looking forward to retirement. The high pressure of sales and service that came with his job was getting to him, he found getting through the weeks harder and harder. Too many meetings, too much travel, too many changes in technology, too …
How The Russia-Ukraine Conflict Could Affect Americans
When Putin invaded Ukraine in late February 2022, President Biden announced sanctions targeting Russian banks, the country’s sovereign debt and Russian oligarchs, warning that Russia would pay an even steeper price if it did not cease its aggression. In the early days of the conflict, European banks braced for the fallout. However, U.S. bank executives …
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What We Worry About
Retirement Planning A recent survey found that about 50% of couples do not agree on how much money they should have saved by retirement. However, new research shows that couples who engage in financial planning together tend to be happier and more successful during retirement. Interestingly, couples that score highly on cognitive interdependence (meaning they …
Medicare Cost on the Rise
February 2022 In November 2021, the Center for Medicare and Medicaid Service (CMS) released the 2022 premium amounts. If you are currently on Medicare or approaching Medicare age, you most likely took notice. The CMS announced a 14.5% increase to Part B medical coverage. The new amount will be $170.10, up from $148.50 in 2021. …
Financial Planning for Veterans is Different
Every Veteran is unique and requires personalized financial advice According to the most recent data from the U.S. Census, there are over 17 million Veterans in the United States and more than nine million of these Veterans are served by the Department of Veterans Affairs. Ironically, serving your country sometimes brings tough economic times to …
Travel Updates: What\’s Changing
I’m a U.S. Citizen. Where in the World Can I Go? Posted by CopyTeam Are you experiencing longings of wanderlust? Ready for some cultural travel? Unfortunately, the outlook for the United States has changed dramatically, thanks to the uncontained spread of COVID-19 and stalled vaccination efforts. The worst part is that other …