by admwiu | Dec 6, 2023 | Cash flow & debt, Newsletter, Risk management
With stock and bond markets both faltering over the past year, it’s easy to see why more near retirees have a newfound appreciation for fixed annuities — insurance contracts that guarantee a specified rate of return. A fixed annuity maintains its value regardless of...
by admwiu | Dec 5, 2023 | Cash flow & debt, Newsletter, Retirement
The Social Security cost-of-living adjustment (COLA) for 2023 was 8.7%, the largest benefit increase since 1981. Obviously, the COLA helps current beneficiaries, but you may wonder whether it will make a difference if you’re not yet receiving retirement benefits. The...
by admwiu | Dec 5, 2023 | Cash flow & debt, Newsletter
If you would like to reduce your monthly mortgage payment without having to refinance, then you may want to explore a mortgage recast. When you recast your mortgage, you put money toward the principal balance of your current home loan. Your mortgage lender then...
by admwiu | Dec 5, 2023 | Cash flow & debt, Newsletter
The passage of the SECURE Act in 2019 effectively eliminated the stretch IRA, an estate planning strategy that allowed an inherited IRA to continue growing tax deferred, potentially for decades. Most nonspouse beneficiaries, including children and grandchildren, can...
by admwiu | Dec 5, 2023 | Cash flow & debt, Newsletter, Tax planning
A 2023 survey revealed a notable shift in public opinion over the past decade about the value of a college degree: 56% of Americans think a four-year college degree isn’t worth the cost due to students graduating with significant debt and a lack of specific job skills...
by admwiu | Dec 5, 2023 | Cash flow & debt, Investment management, Newsletter, Retirement
If you’ve recently received an inheritance, you may be facing many important decisions. Receiving an inheritance might promote spending without planning, but don’t make any hasty decisions. Here are some suggestions that could help you manage your inheritance....
