Tag: Retirement

COLA

Social Security Increase and Taxes

Beginning January 2023, Social Security checks will increase a whopping 8.7%! This is the largest increase in 41 years… and comes on the heels of a 5.9% raise in 2022. To top that off, Medicare premiums will actually decrease a small amount in 2023. This is great news, but beware! Uncle Sam may think it’s…
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November 1, 2022 0
Worried

When Should I Take My Social Security?

You were probably hoping to click on this article and finally get a straight and simple answer…And looking to your friends and relatives, you think you know the answer already.  Over 80% of the people eligible to start taking Social Security file their claim before their Full Retirement Age (which is most commonly age 67).1…
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September 2, 2022 0
Saving

401(k) Pitfalls and Opportunities

There are several reasons you may want to move your 401(k) to an IRA. It might simply be to consolidate your investments or to get away from unnecessary fees. It might be to make a Roth conversion. It might be to obtain an active money manager or work with a more holistic advisor. Whatever the…
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August 4, 2022 0
Ding

5 Hidden Dollar Dings in Post-Pandemic America

We may not exactly be post-COVID yet, but our world is certainly settling into a new rhythm that looks a lot more normal than the past couple of years. With that being said, many Americans have made huge changes in this short time. Many companies went virtual in 2020, giving their employees the opportunity to…
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July 5, 2022 0
Rethink

Rethinking Your Thinking

We have all been completely blind-sided by this Pandemic and the weight of it is carrying through to almost every aspect of our lives. Needless to say, in many areas, Pre-Pandemic thinking may need rethinking. Day-to-day living has changed beyond imagination – not only are we trying to stay safe, we are trying to stay…
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April 5, 2022 0
Spring Cleaning

Spring Cleaning Your Financial House

Have you ever met anyone that doesn’t have at least one area of clutter in his/her house? I would bet that even the tidiest of homes has a closet or drawer that gets cluttered from time to time. Life gets busy. We throw stuff here and there, planning to deal with it later. Then before…
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March 21, 2022 0
Taxes

Paying Taxes on Your Terms

Did you know you can often choose when to pay tax? By default, you can often choose how much you will pay. There is no trick or “gotcha.” It is simply a result of understanding how taxes work for or against your situation. “The hardest thing to understand in the world is income tax.” —Albert…
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March 14, 2022 0
Farm

My Farm & Ranch: Transitioning and Retirement Planning

I recently read an article offering a few statistics from the U.S. Department of Agriculture and one in particular caught my eye: Did you know that the average age of a farm operator in the U.S. is 57.5 years old?!1 At age 57, every farmer or rancher should be considering – or have already considered –…
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March 7, 2022 0
Retirement Risks

3 New Risks to Your Retirement

The biggest fear for retirees is, and has always been, the same—running out of money before running out of oxygen.  The root of that fear is what changes from person to person. No two situations are alike. Everyone has a different set of goals, expectations, family dynamics, obligations, etc. And everyone has a different timeline.…
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February 7, 2022 0
2022

Year-End Decisions

Wow! 2021 has been a whirlwind… sometimes literally in paper. It seems we have had a new proposal almost every day from lawmakers. Social Security alone has been addressed in 10 different bills this year. And taxes? Keeping up with introduced or impending changes is a full-time job. The good news is that we are…
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December 6, 2021 0

Securities offered through Calton & Associates, Inc. member FINRA and SIPC, a Registered Investment Adviser. Investment advisory services offered through Smart Money Group, LLC, a Registered Investment Adviser. Smart Money Group, LLC and Kennedy Financial Services, Inc. are not owned or controlled by Calton & Associates, Inc.