Archive - 2020

1
Advice for Women on Creating Prenups
2
Tips to Reduce Retirement Stress
3
Plan Ahead for Next Year’s Taxes
4
Fight Financial Fears with Knowledge
5

Advice for Women on Creating Prenups

There are women who are out-earning their partners. Not only are they earning more, these women may also have property, stock options, investments, and retirement savings. So, whether it is through salary, business income, or investments, there are women whose financial assets equal or rise above that of the person they intend to marry. In “Prenups for Breadwinning Women: 4 Pitfalls to Avoid,” Kiplinger.com focuses on women but of course the advice about prenups can be used by anyone.

A prenup is not solely designed to benefit the spouse that earns more. It may seem that way because when …

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Tips to Reduce Retirement Stress

Many people are under a lot of stress right now. They are concerned about the present state of their finances and wondering how they will finance the future.  The Motley Fool offers “3 Tips for a Less Stressful Retirement.”

Diversify Your Portfolio: You know the time-honored saying about not putting all of your eggs in one basket, right?  When it comes to investing and finance a more official term is asset allocation. No matter how you say it, the idea is not to put too large of a percentage of your resources into a certain type of investment. …

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Plan Ahead for Next Year’s Taxes

The Huffington Post writes, “You might still be focused on surviving 2020, but when it comes to taxes, it doesn’t hurt to plan ahead.” There are some people who plan all year and work with professionals like an accountant and a Fee-Only financial advisor. Others might start thinking about the following year’s taxes after the winter holidays.  

At the end of last month, the IRS shared changes to the tax code that will be in place for 2021. The tax brackets did not change but they did adjust the income amounts for each bracket because of inflation.

We tend to …

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Fight Financial Fears with Knowledge

In 2018, Bankrate addressed common financial fears and how to overcome them. Two years later, people are still facing the possibility of a financial emergency, in addition to a pandemic. All of these things are frightening but you do not have to give in to fear.

Medical Emergencies: The article not only advises having a good health, most importantly it reminds readers to be aware of their coverage. If you already know what is covered, what is not covered, and what kind of deductible you have, you will be armed with information before you need medical care. Many …

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Social Security Retirement Planning      

Worried about your future Social Security benefits? Fleshing out current concerns and common myths.

By Michael Garry Yardley Wealth Management October 26, 2020

Social Security is one of the most popular government programs of all time, and it’s one that enjoys wide support across the population. Around 65 million Americans will receive more than $1 trillion in benefits during 2020, according to the Social Security Administration (SSA). Yet understanding exactly how this program works, as well as the best time to start taking benefits, isn’t always easy. Rumor and miscommunication around this program result in confusion

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