Posts Tagged ‘Retirement’
Your Guide to Social Security: What to Know and How to Plan Ahead
If you’re nearing retirement, living with a disability, or struggling to keep up with everyday expenses, you may be eligible for support through Social Security—a federal program designed to provide financial assistance when it’s needed most. Whether you’re planning for yourself or helping a loved one navigate their options, understanding how Social Security works is…
Read More5 Things Entrepreneurs Must Understand About Trading to Plan for Retirement
There are a lot of exciting things about running a business, but financial planning is not one of them. Unfortunately, your long-term success is not going to be very good if you don’t save for retirement as a business owner. Sadly, 28% of people have not saved a penny for retirement and business owners are…
Read More10 Year-End Tax Tips for Business Owners
As a business owner, you know that staying on top of your finances is no small task. But don’t worry—today, I’m going to hit 10 strategies to consider for your year-tax planning. No need to panic—we’re here to make taxes a little less taxing. Let’s kick things off with something that sounds a bit boring…
Read MoreSpending In Your Retirement Years: Transitioning From a Saving Mindset
Retirement is a time to enjoy spending your hard-earned savings, embracing new experiences, and living life to the fullest. Watch the following video as Jay Duffy, co-founder of Framewealth Partners, takes us through how to approach spending in your retirement years. Highlights 💰 Transition from saving to spending is crucial in retirement. 📈 Your savings…
Read MoreSmart Strategies for Business Owners: How to Minimize Social Security Taxes
As a small business owner, planning for retirement requires more than just saving diligently—it also involves preparing for the tax implications on your Social Security benefits. In many states, Social Security income is subject to both federal and state taxes, which can reduce the amount you actually receive during retirement. This is especially important for…
Read More8 Essential Resources for Building Wealth and Financial Security
Building wealth and financial security is the main goal for anyone looking to secure their financial independence. This is often easier said than done, and it can be difficult to find out exactly what to do and where to start. We have collected insight from experts across different expertise and backgrounds to help you find…
Read MoreWhy Hiring Your Kids This Summer Is a No-Brainer (Video)
Hiring your kids for summer or holiday jobs isn’t just a parental power move. It’s a savvy business strategy that screams “tax savings!” On-the-Job Experience First off, when you hire your kids, you’re not just giving them chores, you’re offering real, resume-building jobs. Imagine your child saving for college or learning money management while filing…
Read More10 Questions to Ask When Relocating in Retirement
Did you know that 40% of workers today plan to move to a different city or region after they retire? This underscores a trend of retirees eager to explore new horizons, trade familiar environments for fresh ones, and even redefine what their retirement living might look like. However, the decision to relocate during retirement shouldn’t be…
Read More5 Strategies to Boost Your Retirement Savings
You’ve built your own business and ready to pass the keys to others, or you’re winding down your employed career. Whether your retirement date is fast approaching or you still have a few years to go, it’s important to take steps to boost your nest egg so you’re better prepared to meet your goals. Consider…
Read More7 Crucial Things to Do Before Retirement
Retirement frees you from tight work schedules and gives you time to follow your passions. However, transitioning from work to retirement can be stressful, particularly if you didn’t prepare for it adequately enough. While retirement goals and objectives differ from one person to another, it’s everyone’s dream to enjoy peace during this time. What you…
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