The U.S. stock market has been extremely volatile since the announcement of new tariffs. On April 7, it briefly dropped over 20% from its February peak. The CBOE Volatility Index (VIX), often called the “fear index”, surged past 60—the highest since August last year. This sharp drop has caused understandable concern, especially those nearing or […]
The Market is in Turmoil – What does it mean for your retirement? Read More »
Lately, there has been a lot of discussion about Social Security, including a proposal to eliminate taxes on benefits. While this sounds appealing, an analysis by the University of Pennsylvania warns that doing so could reduce federal revenue by $1.5 trillion over the next decade, increasing national debt and accelerating Social Security’s depletion by two
Understanding Taxes on social security benefits Read More »
As retirement approaches, many focus on saving enough, but they often overlook the impact of taxes on their retirement funds. To make the most of your savings, it’s crucial to plan for taxes and minimize their impact. Here’s what you need to know about taxes after retirement and strategies to reduce your tax burden. When
Optimizing taxes in Retirement Read More »
Do I really need $2 million? You’ve probably heard the claim that $2 million is the magic number for a comfortable retirement in the U.S. But is that true? The reality is, there’s no one-size-fits-all figure. Your ideal retirement savings depend on your income, lifestyle, and personal goals. Retirement Benchmarks: What the Experts Say A 2024 study
How much do I need to retire? Read More »
March is Women’s History Month, a perfect time to reflect on women’s evolving relationship with money. Recent surveys show encouraging trends: according to Fidelity, 68% of women have concrete financial plans, and 80% are actively saving for emergencies. Younger generations, particularly Gen Z and Millennials, are prioritizing retirement savings more than before. However, challenges remain.
Social Security Fairness Act of 2023, signed by President Biden on January 5, 2025, repeals the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).
3 million Americans who were affected by WEB/GPO will receive a higher Social Security Benefits!
Social Security: WEP & GPO repealed Read More »