When it comes to retirement planning, it is never too late to start. The truth is, you be able to safely rely on your Social Security benefits. Instead, you should be proactive and create your comprehensive retirement plan now. That way, you can relax and enjoy your retirement the way you always hoped you would. One easy way to get started is by opening Individual Retirement Accounts which can help you start saving and investing in your future. One valuable type of IRA is a Roth IRA. Here … [Read more...] about Things to Know about a Roth IRA
Retirement Planning
Reductions in Retiree Pensions in Sierra County Become a Concern for Many
If you are a California resident with a career in public service, you should are most likely familiar with the California Public Employee's Retirement System or CalPERS. CalPERS has provided retirement benefits for public service employees for more than 80 years. The CalPERS pension fund currently serves more than 1.7 million members. However, the residents of one Sierra County town may have a significant concern about their retirement. Unexpected pension issues are one reason why retirement … [Read more...] about Reductions in Retiree Pensions in Sierra County Become a Concern for Many
Famous Lake Tahoe Casino in Bankruptcy
Nevada natives are likely familiar with Frank Sinatra’s casino at Lake Tahoe. Built in 1926, the Cal Neva was purchased by Frank Sinatra in 1960. Though it has seen many different owners since that time, the Cal Neva is still known as Frank Sinatra's casino. The landmark was closed in 2013 for renovations for nearly three years. Unfortunately, the casino is now in bankruptcy. The unfortunate state of Cal Neva The renovations at this Lake Tahoe casino were never completed. Several months … [Read more...] about Famous Lake Tahoe Casino in Bankruptcy
Sacramento County Retired Employees Association Assists Employees in Reaching Retirement
The Sacramento County Retired Employees Association, or SCREA, was created for the purpose of promoting the welfare of its retired citizens, as well as, helping them to transition into retirement as effectively as possible. The Association is the only formally recognized retiree organization that represents Sacramento County retirees. Indeed, one of the best ways to reconnect with prior co-workers is to attend the quarterly luncheons, social events hosted by the SCREA including guest speakers … [Read more...] about Sacramento County Retired Employees Association Assists Employees in Reaching Retirement
Asset Protection Planning: Should You Be Worried?
Common goals of many folks is to build up their estate assets so that they can live comfortably during the Golden Years and – hopefully — have a nest egg left to pass down to their children, grandchildren, and/or other loved ones. These goals could be threatened, however, if the hard earned assets are put at risk – and they could be at risk without you even realizing it. The best way to protect your assets, your future, and your loved ones is to include asset protection planning as a component … [Read more...] about Asset Protection Planning: Should You Be Worried?
Tips When Inheriting IRAs
We regularly get inquiries from our clients who are recipients of an inheritance. An ever increasing asset that is being inherited is a retirement account such as an IRA. Special considerations must be attended to when inheriting an IRA because of their special characteristics. In this blog, we'll discuss some of these considerations. Don’t automatically request to cash in the IRA. The income tax repercussions could be great and there are better options. If you opt for a lump sum … [Read more...] about Tips When Inheriting IRAs
Bad News for Social Security Recipients
When you are living on a fixed income, there are challenges, because the cost of living is typically going to rise year-by-year. To account for this, the Social Security Administration can apply annual cost-of-living adjustments if the consumer price index justifies an increase. Increases are quite modest when they are applied. As a case in point, there was a cost-of-living adjustment for 2015, and it was just 1.7 percent. That doesn't sound like it would help much, but things are even worse … [Read more...] about Bad News for Social Security Recipients
Holistic Retirement Planning: Look Past the Active Years
The term "retirement planning" can trigger some beautiful thoughts. You can sit back, look out the window, and imagine all the things that you will be able to do during your active retirement years. This vision may include plenty of time on the golf course, fine dining, and exotic travel to all of the places that you always wanted to experience when you were busy traversing your career path. Without question, if you take the financial end of retirement planning seriously, your golden years can … [Read more...] about Holistic Retirement Planning: Look Past the Active Years
When Will I Qualify for Social Security?
When you are looking ahead toward your retirement years, you probably view Social Security as a future financial foundation. Without question, most people are going to rely upon Social Security to one extent or another, so you should know all of the facts. Retirement Credits You do not automatically qualify for Social Security when you reach a particular age. To qualify for Social Security, you have to accumulate sufficient retirement credits. You earn these credits while you are paying FICA … [Read more...] about When Will I Qualify for Social Security?
Can an IRA Be Used for Estate Planning Purposes?
On the surface, the value of an individual retirement account is self-explanatory. You contribute into an individual retirement account so that you have a nest egg to draw from during your golden years. However, when circumstances are right, an individual retirement account can also be useful from an estate planning perspective. Let's look at the details. Traditional Individual Retirement Accounts You would contribute into a traditional individual retirement account with pretax … [Read more...] about Can an IRA Be Used for Estate Planning Purposes?
