One of the changes prompted by the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, that has the biggest potential to impact your retirement has to do with RMDs. As you know, due to the pandemic, RMDs were waived for the 2020 tax year. Thanks to that provision, along with the SECURE Act …
Don’t Let Rmds Put You At Risk Of Cannibalizing Your Savings Read More »
It’s no secret that inflation has the potential to eat away at the purchasing power of your money. Treasury Secretary Janet Yellen said at the G-7 financial ministers meeting in June that inflation will be higher at “around 3%”. The Bureau of Labor and Statistics reported a 5% year-over-year increase in prices from May 2020, …
High Yield Investment Grade Bonds Attractive with Inflation and Economic Outlook Read More »
A common retirement planning mistake that couples make is to claim their Social Security benefits without properly considering survivor and spousal benefits. The Social Security survivor benefit is a built-in form of life insurance for married couples. With a little planning, you can usually get a higher benefit through the person who earned the most …
Retirement Planning Mistakes Couples Make & How to Help Avoid Them Read More »
There are few decisions that have the power to stir up emotions within a family quite like those in an estate plan. Who inherits what, how much they inherit, and when they can inherit assets can be controversial issues during a generational transfer of wealth. How can you balance the relationship dynamics of an estate …
Although estate planning can be a complex task, a well-constructed plan can make a big difference in what is left for your loved ones. Before you begin to act on your estate plan, it is important to understand the key topics that may arise as you address your specific needs. Teamwork is Everything It is …
Dividends have been known to provide a means of income for investors. Owning dividend-paying companies through exchange traded funds (ETFs) provides a way to access dividends in a more efficient way. ETFs may provide instant diversification at a low cost. We believe this appeals to advisors and their clients because picking dividend-paying stocks can be …
Each week on my show The Income Generation, we cover topics that are important to those who are retired or nearing retirement. Since every person’s situation is different, viewers often have questions. That’s why The Retirement Income Store’s social media pages include an Ask Dave forum – which I’m glad to be able to share …
Without goals we lack focus, and without focus we’re much less likely to succeed. That’s certainly true when it comes to planning for retirement. The idea of identifying your retirement goals can seem daunting, and it’s often why many people fail to do it. Regardless of how scary it may seem, setting goals is an …
As fall nears, the US economy continues to rebound from COVID-19. People are eager to get out, have fun, and take vacations—which is good for the economy. Unfortunately, there’s a downside: inflation. As you know, inflation is characterized by rising prices and a decrease in the purchasing power of our money. It can happen when …
The U.S. Economy’s Rebound From COVID-19 & The Inflation Sticker Shock Read More »
Each week on my show The Income Generation, we cover topics that are important to those who are retired or nearing retirement. Often, viewers have questions. That’s why The Retirement Income Store’s social media pages include an Ask Dave forum – which I’m happy to be able to share with you. Today’s question: “Dave, I …
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