Archive for November 2019
How Can I Maximize my Social Security Benefits?
The amount that you receive from Social Security is based upon your earnings history and the age at which you claim your benefit. Some people who are married or who…
Read MoreTaking an Interest in Interest Rates
In retirement it’s not about how much money you have, it’s about how much income you have, and depending on your retirement plan that income may be tied to interest rates. On this episode of Wise Money, Michael Andersen will guide you through the potential impacts fluctuating interest rates can have on your retirement.
Read MoreAre Social Security Benefits Taxable?
If your only income is Social Security, chances are it’s going to be tax-free. If you have other forms of reported income, it could count towards a formula called provisional…
Read MoreThanksgiving is a Good Time to Discuss Estate Planning
Family Gatherings are Prime Opportunities for Discussions About the Future
Do you subscribe to the belief that family gatherings aren’t an appropriate place to discuss things like politics, religion or money? Many people feel this way, causing them to put off financial discussions about the future for another time. However, when your family is gathered together celebrating Thanksgiving and you’re feeling gratitude for the loved ones around you, it can open the door for important money conversations that impact your family’s future.
Why You Should Never Neglect Estate Planning
Topics such as where your assets will go when you die can be uncomfortable to broach, but estate planning is integral to your family’s financial future. Establishing a thoughtful succession plan using a document like a will or a living trust can benefit your whole family and ensure your wishes will be met. Ideally, you should have these plans in place before an emergency occurs, and while the oldest members of the family are still in good health, both physically and mentally.
Read MoreConstructing Your Retirement Readiness Plan
Anyone can retire, the real question is are you ready to afford your retirement? On this episode of WiseMoney, Michael Andersen will go over the steps you need to take to increase your readiness for retirement so that you can relax and enjoy the retirement you worked so hard to create.
Read MoreHow Can I Pay The Least Amount of Taxes on My Money?
The key to paying the least amount of taxes is to have a great Tax advisor, Accountant or CPA. Tax laws are changing all the time. Sometimes in your favor,…
Read MoreAre You Ready to Retire? How to Gauge Your Retirement Readiness
Retiring at the wrong time can be disastrous for the security of your retirement. This week, Michael covers how a financial professional can help you assess your retirement readiness and set you up for a perfectly timed retirement transition.
Read MoreHow Do I Need For Retirement
Mandatory Expenses: -Food. -Fuel. -Healthcare. Are your mandatory Expenses Covered? Then you can look at essential expenses like: -Pensions. -Annuities. -401 (k). -IRA. -Retirement Account. With these essential expenses you…
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