Social Security

Social Security Survivor Benefit

We are often asked, “When is the best time for a widow or widower to collect the social security survivor benefits, they have become entitled to?” If you or someone you know have questions about this, we may be able to help. There is a process of applying for those benefits, and we can help educate you on the information you need to gather. Determining the best timing for you to begin to collect is very important. We recognize that it’s likely already a stressful time for you, and want you to know that we’re here to help. Schedule a

Read More »
retirement can sneak up on you

Retirement Can Sneak Up on You

We’ve all read so many articles reminding us to start early with our retirement savings. But, considering all of the different financial obligations that seem to happen along the way, some of them expected and some not, sometimes retirement sneaks up on you. Before you know it, you may realize you’re only five to ten years away from it. What should you do? Two recommendations certainly come to mind: 1) Meet with a financial professional  2) Adjust your asset allocation We are financial professionals, and are here to help you, no matter your stage of planning. Reach out to us.

Read More »
Reevaluate your budget

Reevaluate Your Budget

A new year often means a fresh start! Reevaluating your financial needs, budget, and savings is also often done now. Building a budget or adjusting the one you already have is one step, as is looking honestly at any debt. Another important step is making sure that your emergency savings are secure, and that your insurance is not only up to date but still consistent with any circumstances that may have changed. We can help you sort through your financial documents and let you know of any options we think you might want to explore. Reach out to us. We’re

Read More »

The 2022 Cost of Living Adjustment

With 2022 just beginning, we thought we’d share with you some of the changes to Social Security. The Social Security Administration has issued a 5.9% cost-of-living adjustment (known as a “COLA”) for 2022, the largest COLA in nearly 40 years. How much of a difference this will make in your life really depends on your overall financial needs and situation. The increase in Social Security benefits can help offset inflation. However, it will not reduce the amount of Required Minimum Distributions (RMDs) you will still be required to take from your retirement accounts (for example, your IRA.) It’s possible you

Read More »
Scroll to Top