The landscape of retirement savings in the United States is experiencing crucial changes following newly enacted legislative changes for 2024. These updates and reforms seek to enhance the flexibility of retirement savings accounts and transform how Americans save and prepare for retirement. Here are some of the more significant changes this year. Contribution increase One …
A Recap: Significant 2024 Retirement Savings Changes Read More »
In recent years, there has been ongoing discussion and debate about potential changes to the Social Security system in the United States. This year is the same as the Social Security Administration, which is considering numerous changes for 2025. As the population ages and life expectancies continue to increase, Social Security policymakers and experts have …
To truly grasp how politics and elections may impact retirement savings, it’s necessary to consider multiple dimensions. Elections, policy changes, geopolitical events, and even political rhetoric can influence economic activities, indirectly affecting the financial markets. Therefore, understanding the correlation between these domains becomes critical in making informed decisions regarding your retirement savings. Here are the …
Politics, Elections, and Your Retirement Savings Read More »
October is recognized as Financial Planning Month, an annual event dedicated to planning for an independent financial future. Whether you’re a novice or knowledgeable in finance, assessing your finances and goals is always beneficial. This yearly event provides the perfect opportunity to reflect on spending habits, saving, investment strategies, and overall financial health. It allows …
Long-term care is an essential component of healthcare that aids individuals who are physically or mentally incapable of independent living. While it may seem daunting, long-term care offers numerous benefits that can significantly enhance the quality of life and overall well-being of those in need. These benefits include personalized care, safety, and social interaction, among …
Legacy planning is a comprehensive process that covers traditional estate planning activities such as trusts and asset distribution and includes broader considerations, such as how a person wants to be remembered. Through legacy planning, individuals consider the values they wish to pass on and the impact they want to make on their family and community, …
Retirement is a stage in life that many look forward to. However, it comes with its own set of financial challenges, among them being the handling of taxes. Contrary to popular belief, tax responsibilities do not necessarily cease once you retire. Your tax liability may increase if your retirement income sources are not tax-efficient. Understanding …
Life insurance is a fundamental and essential component in any comprehensive financial plan. It instills a sense of security in the policyholder and their dependents. Some may see it as unnecessary, but that is far from reality. The necessity of life insurance becomes evident when we consider why every adult needs to consider it. …
National Financial Freedom Day is an annual observance held on July 1st. It encourages and promotes financial responsibility among individuals, families, and businesses. This day provides an opportunity to celebrate financial independence and establish sound financial practices that cultivate a healthy financial future. Many think financial freedom is only possible by having vast wealth and …
National Financial Freedom Day: A Celebration of Financial Responsibility Read More »
Financial independence is an integral part of a comfortable retirement. Therefore, investing in strategies that guarantee a consistent income stream in retirement is crucial. An annuity is a strategy that provides a series of regular payments for a specific period or the remainder of an individual’s lifetime. Annuities are purchased from an insurance company and provide …
Unlocking the Benefits of Annuities in Retirement Planning Read More »
Securities and Advisory Services offered through Centaurus Financial, Inc., a registered broker/dealer and a member FINRA and SIPC. This is not an offer to sell securities, which may be done only after proper delivery of a prospectus and client suitability is reviewed and determined. Information relating to securities is intended for use by individuals residing in Utah, Colorado and Arizona.
SDP Personalized Planning and Centaurus Financial, Inc. are not licensed to provide tax advice. Any advice given should not be considered as tax advice, and clients should consult with a professional tax advisor before making any decisions that could impact their finances.
