Retirement Planning Archives - Page 2 of 3 - Solutions First Financial Group

The Pandemic Won’t Be the Last Retirement Challenge You’ll Face

The pandemic has been hard on Americans nearing and in retirement, but there are likely other obstacles coming. Increased government spending on COVID relief plus strain on our healthcare system could mean we’ll see higher taxes, inflation, and healthcare costs in the future. It’s crucial to have a comprehensive retirement plan for the future because [...]

2021-04-05T13:47:34+00:00April 5th, 2021|Economy, Retirement Planning|

Are You Planning to Work Longer or in Retirement? Know These Four Rules

Retirement isn’t what it used to be. It's typically longer and more active, doesn’t start at the same age for everyone, and could involve paid work. Not everyone's retirement will look the same, and it doesn't have to. Maybe you’ll transition to part-time before fully retiring, or maybe you're looking forward to a second career [...]

2021-03-24T12:58:58+00:00March 24th, 2021|lifestyle, Retirement Planning|

When Retirement Is Like Football

Whether your team won or lost a few weeks ago, we can all agree that it’s no easy feat to make it to the big game at the end of the season. This game is the culmination of both teams practicing and strategizing all season long. Creating a game plan for football is a lot [...]

2021-03-05T17:36:20+00:00March 5th, 2021|Retirement Planning|

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|

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|

What’s In Store for Retirement Accounts in 2021?

In 2020, we saw the new SECURE Act legislation come about in response to the changing needs of America’s retirees. In 2021, we will likely see some increased retirement account contribution limits and could possibly see additional retirement legislation. For those who have saved diligently over the years, it’s important to know how to make [...]

2020-12-16T19:40:55+00:00December 16th, 2020|Retirement Planning|

Warming Up for Retirement

Almost everything we do has some type of a preparation process or warm-up routine. From playing golf to driving a car, every activity has certain steps that should be taken before you begin, and retirement is no different. This next period of your life requires some warming up – financially and otherwise. Preparation is everything [...]

2020-12-16T19:41:02+00:00December 12th, 2020|Retirement Planning|

Three Things to Scrap In Retirement

Successful people are ambitious and disciplined. They set big goals and focus on achieving them over the course of a long career or a lifetime. Many people also have high-flying goals for their personal life– run a marathon, hike Mt. Everest, etc. There are people who assume they’ll cross many of them off their bucket [...]

2020-12-16T19:41:12+00:00December 4th, 2020|Retirement Planning|

3 Trends to Keep an Eye On When Planning for Retirement

If you’re just trying to get through the present, you’re not alone. But, that doesn’t mean you can forget to look to the future and prepare for challenges you could face. There are indications that we could see higher taxes in the future, more market volatility, and continuing low interest rates. Here are three trends [...]

2020-12-16T19:41:55+00:00October 30th, 2020|Retirement Planning|
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