Most financial experts advise that you should plan to have saved enough money to generate 80% of your pre-retirement annual income each year in order to retire comfortably. When planning for retirement, there are multiple...
Know the Benefits of Sending Your RMDs Straight to a Charity
Black Walnut Wealth Management occasionally provides content to Traverse City Business News and other media outlets. This article ran in the December 2022 issue of the Traverse City Business News but has been updated with...
When to Claim Social Security
One of the most critical decisions you can make regarding your retirement is when you choose to claim Social Security. Deciding when to claim Social Security can significantly affect your monthly income. It can be...
How to Protect Your Money When Traveling Abroad
Traveling abroad is a chance for excitement, adventure, and fun. But it can quickly turn into an expensive nightmare if you’re not properly prepared. Whether you’re traveling for work or vacation, it’s important to protect...
Tax Credits and Ebikes. Time to Get Out and Ride!
We’ve all heard about the Build Back Better bill, but what is it exactly? The Build Back Better bill is a $1.75 trillion plan designed to strengthen the social safety net and fund programs that...
How Women Think Differently About Retirement
While we’ve seen progress toward gender equality in recent years, women continue to face unique challenges that men typically don’t have to work to overcome. This is particularly true when it comes to planning for...
How Much Do You Need to Retire?
Occasionally, Black Walnut Wealth Management provides content to the Traverse City Business News and other media outlets. This article ran in the October 2021 issue of the Traverse City Business News, and can be read...
Social Security Benefits May Decrease by 2034. Here Are 5 Ways to Help Fill the Income Gap
The economic impact of COVID-19 has been felt around the world. And, unfortunately for many pre-retirees, it could potentially impact your Social Security benefits as well. A new 2021 report indicates that a 78% cut...
Are you an MD? Create Your Financial Plan While Considering These Five Factors
Medical professionals spend their lives caring for others, but that doesn’t mean their own financial well-being should be left on the backburner. From the moment a doctor earns their MD to the day they hang...
Applying for Life Insurance? Here’s What to Expect
Life insurance is an important part of your estate planning strategy. You can use it to provide money for your children's education, cover your funeral expenses, and leave money behind for loved ones. Understanding what...