Insights + Resources
Epic Insights
How Market Cycles Can Impact Retirements
Dec 4, 2024
A thoughtful retirement strategy may help you pursue your many retirement goals. That strategy must consider many factors, and here are just a few: your income needs, the order of your withdrawals from taxable and tax-advantaged retirement accounts, the income tax implications of those withdrawals, and sequence of return risk. (more…)
Tags: financial advisor charlotte nc, Tax Advantages
Choosing an Income Tax Filing Status
Dec 2, 2024
Selecting a filing status is one of the first decisions you’ll make when you fill out your federal income tax return, so it’s important to know the rules. And because you may have more than one option, you need to know the advantages and disadvantages of each. Making the right decision about your filing status can save money and prevent problems with the IRS down the road. Oftentimes going into a new year already having made this decision will help you when you ultimately file.
Tags: Personal Finance, Retirement Tax Savings, Tax Advantages, Tax Deductions, tax guide, Tax Planning, tax season guide, taxes
Social Security Survivor Benefits
Nov 29, 2024
When you think of Social Security, you probably think of retirement. However, Social Security can also provide much-needed income to your family members when you die, making their financial lives easier.Your family members may be eligible to receive survivor benefits if you worked, paid Social Security taxes, and earned enough work credits. The number of credits you need depends on your age when you die. The younger you are when you die, the fewer credits you’ll need for survivor benefits. However, no one needs more than 40 credits (10 years of work) to be “fully insured” for benefits. And under a special rule, if you’re only “currently insured” at the time of your death (i.e., you have 6 credits in the 13 quarters prior to your death), your children and your spouse who is caring for them can still receive benefits.
Talking to Your Heirs About Estate Planning
Nov 25, 2024
Talking about “the end” is not the easiest thing to do, and this is one reason why some people never adequately plan for the transfer of their wealth. Those who do create estate plans with help from financial and legal professionals sometimes leave their heirs out of the conversation. (more…)
Tags: Certified Financial Planner Charlotte NC, charlotte NC, Current Events, Estate Planning, financial advisor, Retirement Planning
Why Regular Rebalancing Makes Sense
Nov 22, 2024
Everyone loves a winner. If an investment is successful, most people naturally want to stick with it. But is that the best approach? Here’s why rebalancing is key. (more…)
Tags: Certified Financial Advisor Charlotte NC, financial advisor, Investment Planning, Personal Finance, retirement, Retirement Planning
Why Don’t All Affluent People Become Wealthy?
Nov 20, 2024
Why do some people let their potential for lifetime wealth slip away? Some people are better off economically at 30 or 40 than they are at 50 or 60. In some cases, fate deals them a bad hand. In other cases, bad decisions and inaction are to blame. (more…)
Should We Reconsider What “Retirement” Means?
Nov 18, 2024
An executive transitions into a consulting role at age 62 and stops working altogether at 65; then, he becomes a buyer for a church network at 69. A corporate IT professional concludes her career at age 58; she serves as a city council member in her sixties, then opens an art studio at 70. (more…)
Tags: Certified Financial Planner Charlotte NC, charlotte NC, Personal Finance, retirement, Retirement Planning
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Resources
Outlook 2024
2024 Annual Limits for Financial Planning
SECURE ACT 2.0 – Top 10 Provisions
2023 Annual Limits for Financial Planning
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