In 2022, social media-based scams cost Americans a total of $1.23 billion, a 54% increase since 2021, according to the Federal Trade Commission. Typically, these sorts of scams start with someone claiming to be a mutual acquaintance of someone you know, or relative. Then, they either ask for financial assistance, or claim they can offer […]
Don’t Take the Bait Read More »
Did you know that the older you are, the more susceptible you are to telephone or internet fraud? One of the most common tricks scammers use is impersonating a child or grandchild, asking you for financial assistance. According to the FBI, Americans lost over $10 billion to scams last year. While people in their 30s
An Important Warning Read More »
We’ve provided some online tools to help estimate life expectancy, a topic we discussed last week. We found three we thought we’d share, each with varying degrees of specificity: Go through one or all three to get an estimate. It may be able to help you with your financial retirement strategy. Did you know there
Calculating Life Expectancy Read More »
One of the most important assumptions you will make when planning for retirement is life expectancy. While we can reasonably estimate each of our retirement income sources and dollar amounts, a crucially important variable we don’t have is how long we’ll live: Therefore, you don’t know how long exactly your retirement will last. So what
The Most Important Assumption Read More »
When is the right time to retire? The answer to this, like every other decision you have to make in retirement, depends on your own personal needs and circumstances. The National Bureau of Economic Research found that “retirement improves both health and life satisfaction” but the age at which you retire impacts your quality of
When is the Right Time to Retire? Read More »
“Money can’t buy happiness” is an adage that some people live by, and others ignore. According to a recent Purdue study: “income can correlate with emotional well-being and life satisfaction.” But, as a recent GoBankingRates article tells us, the price of happiness differs (apparently) depending on the State you live in. We may have some
What Can Money Buy You? Read More »
As the famous adage goes, “Nothing is certain except death and taxes.”However, while death may be a certainty, not all taxes are. The tax implications of your charitable contributions and what you leave to your heirs might not be a concern that you think about often. However, it may be important. What are some important
A Tax-Smart Way to Leave Money to Charities and Your Family Read More »
We continue to read articles confirming that, while it certainly is an arduous task to work for decades and plan ahead to afford a comfortable retirement, what continues to unsettle many is the actual transition into a life post-workforce. For example, concerns about losing one’s routine, the fading away of workplace friends, and confronting the
Guiding You Through Read More »
How much would you consider to be “enough money to retire?” Yes, you want to have enough money to ensure that you don’t go broke, and can afford basic expenses like food, housing, and medical care, but is that really “enough?” What goals do you want to reach in retirement, and what kind of budget
How Much is Really Enough to Retire? Read More »
President Biden has claimed that this recent bout of inflation is only transitory. However, many worry that inflation is here to stay. If this is the case, we’re going to have to learn to live with it. You’re probably wondering, though, how inflation works, how bad it’s been recently, and how you can not only
Benefit From Inflation Read More »
