February 2021 - Solutions First Financial Group

3 Way to Improve Aging At Home

It’s easy to fall into the trap of following a script when it comes to retirement, especially if you're unsure of how to create your own plan. This "script" can dictate a retirement age, lifestyle, and even important financial decisions. For example, many people assume that they should downsize in retirement or move to a [...]

2021-03-11T16:38:29+00:00February 27th, 2021|lifestyle|

Age Before Beauty

Despite the fact that America has an aging population, there is ample evidence of ageism happening around us. The way we perceive older adults can limit our roles in society as we age, and a pervasive negative view of aging can have a psychological impact on us. Sometimes ageism can be seen in a seemingly [...]

2021-02-19T17:39:44+00:00February 19th, 2021|lifestyle, Psychology|

3 Ways the SECURE Act Could Affect Your Retirement

The SECURE Act (Setting Every Community Up for Retirement Enhancement Act) recently had its one-year anniversary. It was one of the biggest pieces of retirement legislation to be passed in many years, and it will undoubtedly have a major effect on how many Americans approach retirement and estate planning. It had several aims, from making [...]

2021-02-18T16:42:10+00:00February 15th, 2021|Retirement Planning|

You Don’t Have to Downsize to Declutter

If your nest isn’t as full as it once was, or you have more time on your hands in retirement, consider decluttering. Even if downsizing in the near future isn’t part of your desired retirement lifestyle, having less clutter in your living space and better organizing the remaining stuff can help make a world of [...]

2021-02-13T02:51:29+00:00February 13th, 2021|lifestyle|

Concerned About Taxes On Your Retirement Account?

You might expect your tax burden to decrease in retirement – after all, you’re no longer receiving a paycheck that incurs income tax, the payroll tax, and Medicare tax. However, your income in retirement could be significant, between investment income, rental properties, pensions, Social Security, and retirement account withdrawals. Starting at age 72, you likely [...]

2021-02-08T04:36:54+00:00February 8th, 2021|Retirement Planning, Taxes & Tax Strategies|

Queen Elizabeth’s Best Practices

At almost 95 years old, Queen Elizabeth II works a full week and carries out more public engagements than many of the younger royals.[1] How does she maintain her energy in her old age and manage to accomplish so much? Being royalty doesn’t make you super-human, but maybe her lifestyle holds some answers. Here are [...]

2021-02-05T21:34:22+00:00February 5th, 2021|lifestyle|

3 Reasons to Review Your Tax Strategy

Now that President Biden has been sworn in and the Senate is evenly split between Republicans and Democrats, it’s time to consider what tax policy changes could be coming. President Biden and Vice President Harris proposed several tax-increasing measures on the campaign trail, and it’s important to consider how they could affect you. Here are [...]

2021-02-01T18:33:51+00:00February 1st, 2021|Taxes & Tax Strategies|
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