WISE WEALTH

 

Retirement Planning: A Map to Changes in 2024

Navigating these demands an adaptable approach to financial planning As we kick off 2024, the world of retirement planning is undergoing a fairly significant transformation, as tax brackets, retirement contribution limits, estate and gift tax exemptions, among other...

3  Reasons to Wait Until 70 to Claim Social Security Benefits

In a rush to file for Social Security benefits at age 62? Many people are - but slow down and do the math first. When it comes to claiming Social Security retirement benefits, you may want to consider waiting to start benefits when you’re 70. That means not starting...

Relying Solely on Social Security? Please Don’t.

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...
5 Family Money Conversations You Should Consider Having

5 Family Money Conversations You Should Consider Having

Money conversations within families are crucial for financial well-being and harmony.  Research suggests that over 60% of Americans do not regularly talk about money, which can hinder wealth-building opportunities (1). Let's explore these five essential discussions...

The Double-Edged Sword of Retirement Planning

The Double-Edged Sword of 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...

Stay Organized During Tax Season With This To-Do List

Stay Organized During Tax Season With This To-Do List

As tax season approaches, it's time to get organized and stay on top of your financial game. Feeling confident about your taxes can make all the difference. Check out this to-do list and start your filing with ease and confidence! Gather Forms SSA-1099 for Social...

Are You Overpaying in Taxes? Discover Potential Clues

Are You Overpaying in Taxes? Discover Potential Clues

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 overpaying...