February, 2024 - Financial Resources Group

Stay Active During Retirement

February 26, 2024

Retirement is a new beginning. As a new retiree, you enter a new stage of your life, where your time is now regulated by you and you alone, rather than revolving around your work. Unfortunately, many new retirees find this isn’t what they’d expected it to be. Many people begin to feel bored, and worry about how they’ll spend their time. For some, their health begins to falter and they may even spiral into anxiety and depression. One way to counteract this decline? Stay as healthy as possible in retirement. And living a healthier (and happier) life starts with being

Money in College Savings Accounts Can Instead Be Put Towards Retirement

February 23, 2024

Starting in 2024, due to the Secure Act 2.0, up to $35,000 of the money in a 529 college savings account to be rolled over to a Roth IRA for the beneficiary of the 529 account. Although funds in a college savings account going unused is rare, it’s not unheard of, and now you may not have to face a penalty for withdrawing those unneeded funds. For example, a student may decide not to attend college, or choose a more affordable school. In this scenario, the option to potentially move the money from the 529 into a Roth IRA may

Seven Different Ways

February 6, 2024

We thought we’d bring to your attention an article recently published by AARP that discusses seven different ways retirement income will be different this year: “For most people, retirement finance is a delicate balance between income that’s likely less than what you made while working and expenses that may be lower in some areas (no more commuting) but considerably higher in others (more prescriptions and doctor visits).” “Year-to-year changes in areas key to retiree life — Social Security benefits, Medicare premiums, tax and savings policies geared for older adults — can have a big impact on that balance, especially as

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Robert S Messina, an Investment Advisory Representative (IAR), offers advisory services through Gibbs Wealth Management, an SEC registered investment advisor. The firm only transacts business in states where it is properly registered or is excluded or exempted from registration requirements.Financial Insurance Solutions Inc. and Gibbs Wealth Management are independent of each other. Insurance products and services are not offered through GWM but are offered and sold independently by, FRG Insurance Solutions Inc, CA Insurance Agency #OK21118, and Robert S. Messina, CA Insurance License #0E88665.