by oakcrestuser | Oct 26, 2021 | Personal Finance, Retirement Planning, Tax Planning, Uncategorized
Social Security beneficiaries will soon see the biggest jump in monthly checks in 40 years. How to prepare People who collect Social Security are about to see bigger checks. The cost-of-living adjustment in 2022 will be 5.9%, the Social Security Administration said...
by oakcrestuser | Oct 1, 2021 | Business Planning, Education Planning, Estate Planning, Investing, Personal Finance, Retirement Planning, Tax Planning, Working with a Financial Advisor
Findings suggest that these relationships can make a difference for investors. What is a relationship with a financial professional worth to an investor? A 2019 study by Vanguard, one of the world’s largest money managers, attempted to answer that question. Vanguard’s...
by Diane Olinger | Sep 17, 2021 | Personal Finance, Retirement Planning, Tax Planning
What you need to know about Plan F and Plan G. As many may recall, seniors who previously enrolled in Medicare are facing some changes. Medigap Plan F might not be sold after 2020 and Medigap Plan G will be undergoing some changes.1 These changes only impact new...
by Diane Olinger | Sep 14, 2021 | Personal Finance, Retirement Planning, Tax Planning
Breaking down the enrollment periods and eligibility. Medicare enrollment is automatic for some. For those receiving Social Security benefits, the coverage starts on the first day of the month you turn 65.1 If you are not receiving Social Security benefits at 65, you...
by oakcrestuser | Sep 7, 2021 | Personal Finance, Retirement Planning, Tax Planning
Your company’s retirement plan gives you more than just an employer match. Payroll deductions towards a 401(k) plan make it simple to fund retirement savings. As employers phased out traditional pensions, 401(k) plans were introduced to fill the gaps. Named for the...
by oakcrestuser | Aug 27, 2021 | Personal Finance, Retirement Planning, Tax Planning
Your Social Security benefit may be taxable. Try these strategies to reduce your tax bill in retirement. How to Minimize Social Security Taxes Retirees with incomes that top $34,000 ($44,000 for couples) pay income tax on up to 85% of their Social Security benefit....
