ASSET | WEALTH | RETIREMENT
ASSET | WEALTH | RETIREMENT
Keep up on our latest thinking.
Recently the IRS announced the largest-ever increase to the contribution limits for health savings accounts (HSA). With proper planning, those approaching retirement can make a substantial, and positive impact on their retirement using tax-deferred contributions made into a tax-free account with funds distributed ... you guessed it ... tax free!
The 4% Rule, though popular, is a poor rule of thumb for your retirement planning. Although it adjusts your withdrawal rate to the rate of inflation, it does not consider your retirement lifestyle (or "phase) or your overall household spending, which can determine the actual impact inflation has on your retirement.
For most of us, planning for retirement is the biggest financial decision we'll make. Unfortunately, too many fail to take the time to craft an effective plan and instead are relying on a popular rule of thumb. But this rule, the 4% Rule, does not always consider the impact of taxes.
The U.S. tax laws had some good news for those saving for their retirement. Starting in 2023 contribution limits have gone up, resulting in an increase in tax-deferred savings.
If you received a notice that your Medicare Premiums are going up, you can make an appeal. This will help you get started.
You might be surprised to learn that when you work after filing early for Social Security your early benefit could be temporarily reduced. Be sure you understand the rules!
When we hear the term "investment management" and "wealth management," we may think they are the same. They are not. Instead, they are both needed to complete an effective, comprehensive life and financial plan.
As you start thinking about retirement, you're probably finding yourself asking two important questions: "How Much Do I Have?" and "How Long Will It Last?" In this short video, you'll learn about a simple tool we use to help clients plan for and enjoy their retirement.
Investment advice offered through IPI Wealth Management, Inc. 226 W. Eldorado St. Decatur, IL 65222. PHONE: 217-425-6340. Clearstone Wealth Management is not affiliated with Investment Planners, Inc. or IPI Wealth Management, Inc.
Copyright © 2018 Clearstone Wealth Management - All Rights Reserved.
Powered by GoDaddy Website Builder
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.