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Monthly Archives: April 2020

26 04, 2020

3 Questions a Financial Advisor Can Help You Answer

2020-05-31T23:38:08-07:00April 26, 2020|Financial Planning|

A 12 year-long bull market run recently came to a close, and many Americans have experienced the effects. For those nearing or in retirement, this can be especially worrisome. If you’re wondering what your course of action should be right now, you should consider your risk tolerance, where the market is heading, and how you can minimize your taxes. These are three questions a financial advisor can help you answer. What Is My Risk Tolerance? If you don’t want to put off retirement or downgrade your retirement lifestyle, you may want to reassess your risk [...]

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19 04, 2020

A Guide to the CARES Act for Americans Age 50 and Over

2020-05-31T23:45:12-07:00April 19, 2020|Financial Planning, Government, Health and Wellness|

President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law to help Americans combat the economic effects of the coronavirus. It includes potential tax breaks, checks for qualifying Americans, and temporary new rules for retirement account withdrawals. Here’s a guide to the CARES Act for Americans 50 and over. Checks for Qualifying Americans Whether you receive a check depends on your adjusted gross income (AGI). If you have filed your 2019 taxes, it will be based on that, and if not, it will be based on your 2018 tax return. Individuals [...]

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12 04, 2020

Should You Claim Social Security Early Due to Financial Hardship?

2020-05-31T23:51:40-07:00April 12, 2020|Financial Planning, Social Security|

If your financial or employment situation has changed due to coronavirus, you may be rethinking your Social Security claiming strategy. While you can claim Social Security benefits as early as age 62, you will receive a permanently smaller benefit. If you wait to claim past your full retirement age, your benefit will increase by 6 - 8% per year you defer until age 70. This can make balancing immediate needs with long-term financial well-being difficult. There are so many ways to claim Social Security and what strategy is best depends on your unique financial situation, [...]

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