WISE WEALTH
Planning to Bridge the Retirement Savings Gap
New IRS limits aim to encourage adequate planning and boost participation The prospect of retirement is a time that many look forward to, envisioning a period of relaxation and enjoyment after years of hard work. However, a recent report from the Congressional...
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...
Understanding the Unique Features and Risks of Annuities Within Employer’s Retirement Plan
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...
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...