by Enlighten 567 | Dec 13, 2023 | Retirement Planning, Taxes in Retirement
Annuities are a financial instrument that can play a significant role in your retirement planning. They offer the promise of a steady stream of income during your post-work years, but it’s important to remember that they come with no guarantees of performance,...
by Enlighten 567 | Dec 4, 2023 | 401k, Finance, Financial Literacy, Retirement Planning
The Internal Revenue Service has elevated the thresholds for its seven tax brackets by 5.4% in 2024. This adjustment implies that a single person can now earn up to $609,350 before facing taxation at the highest rate of 37 percent. Understanding and leveraging these...
by Enlighten 567 | Nov 20, 2023 | Estate Planning, Financial Literacy, Retirement Planning
As families gather for the holiday season, it’s the perfect time to embrace an often-avoided topic: family finances and generational wealth. According to a survey conducted by Fifth Third Bank, nearly Two-thirds of Americans who have at least $3 million in investable...
by Enlighten 567 | Nov 13, 2023 | Estate Planning, Financial Literacy, Retirement Planning
Estate planning is a crucial aspect of financial preparation that often requires careful consideration, especially when inheriting a family home. In a Mansion Global article, titled “The New Math on Inheriting Your Parents’ House,” the intricacies of...
by Enlighten 567 | Nov 1, 2023 | 401k, Retirement Planning, Taxes in Retirement
Americans are living longer, and this may mean enjoying retirement for a longer period of time than ever before. Consequently, retirement assets must last longer and accommodate increases in the cost of living. Only through proper planning and follow-through can you...
by Enlighten 567 | Oct 31, 2023 | 401k, Finance, Retirement Planning, Taxes in Retirement
Whether you are just starting your career, in your peak earning years, or enjoying retirement, your insurance protection needs may change over time. Life cycle planning helps identify insurance needs that are common to particular stages of life. This can help...
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