by Enlighten 567 | Apr 3, 2024 | Retirement Planning, Social Security
Five steps to prepare you for a reduction in social security benefits According to the Social Security Administration, trust funds that supply the program might run out of money as early as 2035. That’s in 15 years. This situation brings a lot of uncertainty to...
by Enlighten 567 | Mar 27, 2024 | Retirement Planning
An annuity is a financial product that provides a guaranteed income stream for a set period, typically for the life of the annuitant. Annuities have traditionally been sold to individuals as a way to provide a source of income in retirement, but in recent years, there...
by Enlighten 567 | Mar 6, 2024 | Financial Literacy, Retirement Planning
Inflation, the silent force shaping our economic landscape, often creeps into our lives unnoticed until its effects become palpable. Its impact on retirement planning, in particular, underscores its double-edged nature. As the U.S. Bureau of Labor Statistics recently...
by Enlighten 567 | Feb 14, 2024 | Financial Literacy, Retirement Planning
Navigating the complex realm of taxation isn’t always straightforward, but there are subtle cues and valuable insights that can shed light on whether you’re paying more in taxes than necessary. In a recent in-depth article from Investopedia, the issue of...
by Enlighten 567 | Feb 8, 2024 | Retirement Planning
For many people, retirement is the ideal time to explore the world. With no time card to punch, you can travel where you want for as long as you want — and as long as your budget allows. Best of all, you may be able to skip the crowds and score some impressive deals...
by Enlighten 567 | Jan 31, 2024 | Estate Planning, Retirement Planning
More retirees planning their legacy are considering Roth Individual Retirement Accounts (Roth IRA) conversions as part of their strategy. A Roth IRA conversion involves moving assets from other retirement plans into a Roth IRA, allowing earnings to grow tax-free and...
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