2021 - Page 2 of 7 - Solutions First Financial Group

How Will Social Security Respond to Higher Inflation?

Inflation is on the rise, and Federal Reserve Chairman Jerome Powell recently testified to Congress regarding the Federal Reserve’s commitment to controlling inflation. He admitted that inflation is “well above target” but didn’t indicate any major changes in Fed policy in the near future.[1] Retirees may need to be concerned about inflation, which can eat [...]

2021-08-10T19:03:00+00:00August 10th, 2021|Social Security|

Financial Lessons from Alexander Hamilton

Alexander Hamilton was the first Secretary of the Treasury: He created the first national bank, consolidated the new country's war debts, and established federal credit. You could say he was America's first Chief Financial Officer. He was also a self-taught immigrant who started with no wealth but ended up on the $10 bill. Hamilton never [...]

2021-08-06T16:53:59+00:00August 6th, 2021|Financial Planning|

Where Could Your Retirement Income Come From?

You're used to receiving a paycheck, and perhaps you've been used to it steadily increasing over the course of your career. You may have experienced what’s known as “lifestyle inflation” and may not plan to downgrade in retirement. Whatever the case, it’s important to know where your retirement income will come from. It could come [...]

2021-08-05T20:01:23+00:00August 2nd, 2021|Retirement Income Planning|

Post-COVID Decluttering

If your nest isn’t as full as it once was, or you find you’ve accumulated a few too many things during COVID, consider decluttering. Having less clutter in your living space and better organization can help make a world of difference. If you've accumulated more possessions than you need over the last year and a [...]

2021-08-05T20:01:17+00:00July 30th, 2021|lifestyle|

The Most Important Ages for Your Retirement Accounts

If you have a 401(k), IRA, or other retirement accounts, it’s important to keep a few things top of mind: Know how much you're contributing, how your investments are performing, and how much you're paying in fees. You should also note important milestone ages and their recent changes. Here are the most important ages for [...]

2021-07-26T15:49:30+00:00July 26th, 2021|Retirement Planning|

Retirement Has Changed – Have Your Plans?

People are retiring differently today than in the past – just think, will you retire exactly like your parents did? Probably not. Retirement is no longer about the end of a career; it's about the beginning of a new, often quite active phase of life that could last decades. And while this is something to [...]

2021-07-20T21:08:42+00:00July 20th, 2021|Retirement Planning|

Be Part of the 4% When it Comes to Social Security

According to a recent study, only 4% of retirees claim Social Security benefits at the optimal time, losing out on an average of $111,000 per household.[1] There are many things to consider when choosing how to claim your benefit, and there’s no one-size-fits-all formula for maximizing it. Consider your unique situation and read these tips [...]

2021-07-12T04:08:40+00:00July 12th, 2021|Social Security|
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