Retirement is a milestone we’re all working hard to reach. But sometimes this goal can feel so distant that it’s more like a dream—especially after the last few years we’ve had. But you’ve worked too...
How Much Do I Need to Retire Comfortably?
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...
3 Ways to Make Your Money Last a Lifetime
Outliving your savings is most retiree’s biggest fear. Running low on income in retirement could force you to make lifestyle changes or, in a worst-case scenario, even re-enter the workforce. Fortunately, with some planning and...
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 Choose a Financial Advisor
Deciding to work with a financial advisor is an important decision. Working with a financial professional means optimizing opportunities and taking advantage of planning strategies you might not have been aware of. A financial advisor...
Are Capital Gains Taxes Changing?
There are a lot of questions about the Build Back Better plan and potential tax law changes, including an adjustment to capital gains taxes. One of the proposals Congress is considering sets the top rate...
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...
7 Reasons Why It’s Time to Stop DIY Investing and Hire a Financial Advisor
In 2020, Canada saw a surge in new DIY investment accounts. Between January and December, 2.3 million DIY investment accounts were created. While jumping into the world of investments is an exciting move, this uptick in...
Avoid These Mistakes When Setting Up a Living Trust
Avoid These Mistakes When Setting Up a Living Trust It’s hard to think about the end of your life while you’re still in your prime. But the facts don’t lie. Statistically speaking, the younger you...