Retirement

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IRS Releases 2022 Retirement Account Contribution and Contribution Deduction Limits

2021-11-19T13:10:47-05:00November 5th, 2021|Blog|

IRS Releases 2022 Retirement Account Contribution and Contribution Deduction Limits By: Margaret Nickens The IRS released the 2022 contribution limits and deduction income limits for IRAs, 401(k)s, and other retirement accounts. While there's some disappointing news in the batch, there's definitely some increases to celebrate. The Bad News The IRS is not increasing contribution limits [...]

Goals-Based Savings Can Help You Withstand Market Volatility

2021-10-29T11:53:00-05:00October 29th, 2021|Blog|

Goals-Based Savings Can Help You Withstand Market Volatility By: Stacey Nickens Financial planners and investment advisors have traditionally advocated for a bucket-approach to savings. With the bucket approach, you segment your savings by time until withdrawal. A goals-based approach to saving is a twist on this method. Rather than segmenting your savings by time until [...]

Social Security Will Increase Significantly in 2022

2021-10-18T13:38:19-05:00October 18th, 2021|Blog|

Social Security Will Increase Significantly in 2022 By: Stacey Nickens Retirees will see a large increase in their Social Security benefits in 2022. Last week, the Social Security Administration announced that the cost-of-living adjustment will be 5.9% in the upcoming year. However, seniors should keep in mind that benefits are increasing because inflation is increasing. [...]

Retiring This Year? 3 Money Moves To Make Right Now

2021-10-15T11:37:24-05:00October 15th, 2021|Blog|

Retiring This Year? 3 Money Moves To Make Right Now By: Stacey Nickens Congratulations! You have worked hard your entire life, and you are ready to rest and enjoy the fruits of your labor. As a financial advisor, I have loved assisting so many clients in moving into and through retirement. As you get closer [...]

How to Survive a Bear Attack: 6 Strategies for Embracing a Stock Market Downturn

2021-11-01T13:44:55-05:00September 27th, 2021|Blog|

How to Survive a Bear Attack 6 Strategies for Embracing a Stock Market Downturn By: Stacey Nickens Fall is a beautiful time to head out into nature for a camping trip, but enjoying nature doesn't come without risks. You may face dehydration, mosquito bites, and even bears. A bear attack is certainly the worst case [...]

3 Ways to Minimize Your Tax Bill in Retirement

2021-09-14T11:48:17-05:00September 10th, 2021|Blog, Bull Market|

3 Ways to Minimize Your Tax Bill in Retirement By: Stacey Nickens You've worked hard your whole life to build up your retirement nest egg. You save for healthcare expenses, housing renovation needs, and even a travel budget. However, as you are settling into a slower retirement lifestyle, you realize that you're paying a hefty [...]

3 Common Mistakes People Make When Claiming Social Security

2021-07-16T16:22:53-05:00July 16th, 2021|Blog|

3 Common Mistakes People Make When Claiming Social Security By: Margaret Nickens Social Security helps many Americans fund their retirement, but sorting through all of the different claiming strategies and rules can be challenging. Retirees may end up claiming their Social Security benefits too early or claiming in a manner that doesn't best meet their [...]

Understanding Georgia’s Retirement Income Exclusion

2021-02-15T14:23:20-05:00February 15th, 2021|Blog|

Understanding Georgia's Retirement Income Exclusion By: Stacey Nickens In Georgia, retirees and older individuals can shelter some of their income from state taxation. This retirement income exclusion is available to state residents who are 62 years and older as well as some disabled taxpayers. Georgia's retirement income exclusion allows qualified taxpayers to exclude certain forms [...]