Looking at your bank account and wondering if that $200,000 nest egg is enough to hang up your work boots? You’re not alone! Many Americans are asking the same question as traditional pension plans disappear and retirement costs continue to climb As someone who has spent a lot of time researching ways to retire, I … Read more
Are you wondering what happens to your home after you’re gone? Maybe you’ve heard about trusts but aren’t sure if they’re worth the hassle. Let me tell you – putting your house in a trust could be one of the smartest estate planning moves you’ll ever make. I’ve researched extensively on this topic and what … Read more
A common question I am asked is: What is the difference between having power of attorney and serving as an executor?. The difference is literally life and death. The agent serving under your power of attorney only has power and authority to act during your lifetime. On the other hand, an executor is someone chosen … Read more
Dreaming of Financial Independence? Here’s What $5M Can Do For You Ever stared at your bank account and wondered, “What if there were a few more zeroes there?” Well, if you’re one of the fortunate few eyeing retirement with $5 million in assets, you’re in an enviable position that most Americans can only dream about. … Read more
A backdoor IRA is a legal way for people with high incomes to avoid the limits on Roth IRA contributions based on their income. Do you make too much money to contribute directly to a Roth IRA but still want those sweet tax-free withdrawals in retirement? A backdoor Roth conversion might be your ticket to … Read more
Saving for retirement at a typical retirement age, like 67, can be difficult. Saving for early retirement—with fewer years to earn and invest plus more years of retirement to fund—can be even more challenging. But life is all about choices. Once you’ve made the choice to prioritize early retirement, it all comes down to planning—and … Read more
There was a statistic going around that said 1 in 6 millennials have at least $100,000 saved. The reactions were mostly confusion and indignation. They were along the lines of, “I don’t know a single millennial with $1,000, much less $100,000. ” Or, “Maybe $100,000 of debt, amirite. ”. The 1 in 6 figure comes … Read more
You may have a chance to increase your Social Security Disability Insurance (SSDI) benefits by submitting a request to the Social Security Administration (SSA). However, the SSA will only increase your benefits in specific situations, generally if you’ve had a major change in your life. Life circumstances can change unexpectedly, and if your situation changes, … Read more
As a strategic partner who helps clients navigate and grow in changing circumstances, Tina is responsible for the direct management of the Citizens Wealth Management financial planning and estate planning team, including a team of CERTIFIED FINANCIAL PLANNERS™, estate and tax planners, and trust officers. Most people look forward to their retirement, dreaming of a … Read more
Working while getting Social Security benefits can be tricky. Many retirees worry that their extra income could mean less money in their monthly checks. I’ve done a lot of research on this subject to help you understand what kinds of income can affect your benefits and how much you can earn before your benefits go … Read more