On Tuesday, October 13, 2020, the Social Security Administration released important facts and figures for 2021 - including cost-of-living adjustments (COLA) for retirees and tax changes for the currently employed. The Good? Benefits Are Increasing...
Investing for Retirement Income: Straw, Sticks, or Bricks?
If there were an appropriate analogy for investing for retirement, it would be the classic fable of The Three Little Pigs. As you may recall, those three little pigs tried three different structures to protect...
The CARES Act Has Waived RMD Distributions for 2020. Here’s What You Should Know
The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, was signed into law on March 27, 2020. This law was created in response to the COVID-19 pandemic, which, as you know, has had...
A Guide to Trusts for Estate Planning
Many Americans understand the importance of estate planning, yet an alarming percentage of adults do not have arrangements in place. According to a 2019 survey, 51% of people believe having an estate plan is necessary,...
Wellness in Retirement: Enjoy the Abundance of Northern Michigan
You can do all the retirement planning you need to secure total financial freedom in retirement. But without the physical health to enjoy it, you’re missing out on the quality of life you envisioned. Wealth alone does...
Even in Northern Michigan: Common Financial Scams that Target Retirees and How to Spot Them
Unfortunately, with the rise of technology, reports of retirees being targeted for financial scams to rob them of their wealth or identities have increased. Living in Northern Michigan isn’t a safeguard against this type of...
How the SECURE Act Will Affect Your Retirement
At the tail end of last year, a bipartisan measure known as the SECURE Act (or Setting Every Community Up for Retirement), was signed into law by President Donald Trump to help address the nation’s...