More People have Grim Outlooks on their Financial Situations – Consumer Expectations
With high inflation and a recessionary environment being landmarks of 2022, many households have started to doubt the economy. Going further back to the start...
Category: Financial Planning
Life Insurance Payouts Pass a Record $100 Million – Insurance Overview
As the effects of the COVID-19 pandemic continue to unravel, life insurance payouts for 2021 now show just how extraordinary the deaths recorded were. While...
Inflation Can Be Different For Those Over 62
Data compiled by the government via the Bureau of Labor Statistics (BLS) maintains a separate tally of inflation for people over 62. The rarely heard...
Those 55 & Older Are Going Back To Work – Retirement Planning
Rising inflation along with no new pandemic relief funds are prompting many aged 55 and older to return to work. Labor Department data shows that...
Tax On Social Security In Retirement – Retirement Tax Planning
A prudent and effective tax strategy during your employment years will mostly likely need to be modified in retirement. Once earned income ceases and income...
Important Age Limits When Parents Send Kids Off To School
Auto insurance Kids can stay on their parents’ auto insurance even if they have moved out and they’re away at school and still listing the...
Over $1 Trillion Paid Out In Social Security Benefits In 2021
A U.S. Government report compiled and released by the Government Accountability Office (GAO) found that 48 percent of individuals 55 and older had no retirement...
Social Security Benefits Going Up in 2022
Social Security recipients are due to receive the largest increase in benefits since 1982, but for many recipients, the increase in payments will go towards...
Short Term Rates On The Rise
Rates continued on a gradual assent in October, with the 10-year Treasury bond yield ending the month at 1.55%, up from 0.88% this same time...
How To Check On Your Social Security Benefits Before Retiring
As retirement approaches, estimating income for the retirement years is critical in planning for living and leisure expenses. It is suggested to request an updated...