Medicare Advantage (MA) plans have long been a lucrative market for insurers, but recent shifts are reshaping the landscape, impacting both investors and beneficiaries.

In this article, we will explore recent developments surrounding inherited retirement accounts. Understanding the nuances of these regulations can significantly impact your financial strategies, tax planning, and ultimately, your long-term goals.

Choosing between a SEP IRA (Simplified Employee Pension Individual Retirement Account) and an Individual 401(k)—also known as a Solo 401(k) or Self-Employed 401(k)—is an important decision for self-employed individuals or small business owners planning for retirement. Each option offers compelling benefits and considerations, and the choice largely depends on factors such as income, contribution limits, and expected future business growth.

Inheriting a lump sum can be a life-changing event, and it's essential to approach it with careful consideration and planning. As experienced financial planners, we understand the weight of this situation and the importance of making informed decisions. As a starting point in your decision-making, let’s discuss the first 10 steps to take when you receive an inheritance lump sum that can help you make the most of your newfound wealth.

When it comes to planning finances, people often get lost in the details and overlook the importance of timing. One factor to consider when setting financial goals and planning investments is the time horizon.

With the surge in senior living options available today, it is time to rethink our retirement years. Being retired does not need to mean slowing down. Moving into an independent living facility relieves you of household chores and responsibilities—allowing you more time to spend on activities that you enjoy—and provides an expanded social community.

In late 2023, The Wall Street Journal (WSJ) published an article titled “The 4% Rule for Retirement is Back” and my immediate response was, “Where exactly did it go?”

As the year-end approaches, it is important to take note of the upcoming tax deadlines. As a financial advisor firm that believes in providing our clients with a wealth of knowledge and guidance, we want to remind you of 8 essential tax deadlines for the year 2023.

For many of my clients approaching their retirement years and beyond, this question is a common one: How will I pay for my long-term care if and when I need it?

In recent years, the U.S. retirement system has faced intense pressures. According to a Federal Reserve survey, in 2021, only 75% of non-retirees have any retirement savings whatsoever. To add to that, only 40% feel that their retirement savings are on track.