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Retirement planning regulations are always evolving, and staying up to date with these legislative changes is essential for securing your financial future. Some significant upcoming shifts include the SECURE 2.0 Act, which will introduce new provisions in 2025 and, with it, new opportunities and considerations. Here’s what you need to know about the changes. What’s Changing from 2024 to 2025? While initially enacted in 2022, SECURE 2.0 modifications are still being implemented as we head into the 2025 tax year. Notable changes include: Increased Catch-Up Contributions One of the most anticipated updates in SECURE 2.0 is the large catch-up Read More

As we head into the final months of 2024, many people feel inspired to give back to their communities and support causes they care about. While the holiday spirit is often the driving factor behind this generosity, strategic charitable giving can also provide significant financial benefits, helping you reduce your tax burden while maximizing the impact of your donations. This guide will help you navigate some of the most effective charitable giving strategies to ensure that your generosity goes further for both your chosen causes and your financial well-being. What Should You Donate?   Donating Appreciated Assets vs. Cash One Read More

The end of 2024 is around the corner, and the hustle and bustle of holiday festivities, family gatherings, and year-end deadlines can make it easy to overlook your finances. However, this often chaotic time shouldn’t mean neglecting your financial well-being. Taking a step back to evaluate your financial situation is essential to set yourself up for success in the upcoming year. To help you navigate this busy season, we've put together a comprehensive year-end financial planning checklist. These actionable steps will help you finish the year strong and set you up for a successful 2025.  Evaluate Your Investment Portfolio As Read More

With the cost of living constantly on the rise, it's crucial to understand how Social Security adapts to help keep up. One of the ways this happens is through the Cost-of-Living Adjustment (COLA), an annual update designed to ensure that your benefits hold their value despite inflation. As we approach 2025, a new COLA is set to take effect. Here’s a look at what’s changing and how it might affect your finances. What Is COLA? The Social Security Cost-of-Living Adjustment (COLA) is an annual adjustment designed to protect beneficiaries from the effects of inflation by increasing their benefits in line Read More

Medicare involves complex processes and decision-making, from understanding your enrollment options to aligning your plan with your broader retirement strategy. When it comes time to pay, knowing all your options can help ease that burden and ensure you're making the best choices for your healthcare. In this blog, we look at all the ways you can pay your premiums, plus other key considerations for financial planning in retirement. Understanding Medicare Premiums Medicare is a comprehensive health insurance program split into several parts, each designed to cover different healthcare needs. As such, each part of Medicare has its own set Read More