This article was published in the October 2023 issue of the Traverse City Business News and can be read in its entirety below. Black Walnut Wealth Management contributes articles and is featured in various media outlets....
Are Your Adult Children Still Asking for Money? Here are Four Ways to Get Them to Stop Relying on You Financially
Helping your adult children financially might look as simple as covering their phone bill or as significant as contributing to a house down payment. As children transition into adulthood, most parents still have the desire...
Maximize Your Retirement: 3 Budgeting Tips to Safeguard Your Financial Future
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...