Clients are coming to us more and more frequently with questions regarding this retirement situation: Let’s say one of a couple retires, and the other continues to work. This often presents a need for rebalancing in order to better ensure that the remaining spouse is sufficiently taken care of. Call us if you are in […]
When Only One Spouse Retires Read More »
Biggest Tax Changes For 2023 The Inflation Reduction Act is ushering in a number of changes to the 2022 tax year. It might seem easy to get overwhelmed with all the new rules. Some of these changes could make things harder for you, while others are quite beneficial. The tax code as a whole is
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Even if you’re able to add up what you spend today, trying to determine what you will need when you retire is difficult because your spending is sure to change. While perhaps you won’t have a mortgage payment anymore, you may be asked to contribute to your grandchildren’s education, or perhaps you will want to
When is Enough Enough? Read More »
We often mention in passing that life expectancy shows that women typically live longer than men. What does that mean to you? Well, you should think about the impact it could have on your retirement savings. When one individual passes before another, but both are using the same retirement savings pool of funds, a gap
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We thought to share with you our thoughts about the growing number of people who are looking to purchase a financial product that incorporates a guarantee on some or all of their retirement income. In the current climate, against a backdrop of rising inflation and a cost-of-living crisis, the benefits and value of a secure
The Appeal of Safety Read More »
There still seems to be confusion among retirees about the changes in the law affecting required minimum distributions, or RMDs. Beginning a few weeks ago, on January 1, 2023, the starting age for RMDs rose from 72 to 73. The new version of the Secure Act will eventually increase the RMD age to 75, in
One possible upside to 2022’s market downturn: It could potentially lower the impact that RMDs (required minimum distributions) have on your retirement accounts. Here’s a quick list of what you need to know in order to calculate RMDs in 2023. If you’re over the age of 72 and are no longer working, you’re probably already
This article reminds you to stick to your goals and keep saving. “If you are already saving, whether for retirement or another goal, keep going! You know that saving is a rewarding habit. If you’re not saving, it’s time to get started. Start small if you have to and try to increase the amount you
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The year 2023 brought with it a number of changes to the rules governing retirement deposits and withdrawals. This includes changes, in both this and future years, for RMDs from tax-advantaged retirement accounts. New legislation also provides a tax credit for small businesses, relating to retirement plans. It’s important you factor these new rules into
Older Americans may have many reasons for taking on part-time work after leaving behind their full-time job. It’s becoming more and more common for retirees to work well into their 60s and 70s. If you’re among those considering a part-time job, it’s important to know how the income can impact other things that are most
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Donald L Retallick III
FL Insurance License # P109239
Retallick Financial Group
Florida Lic. #L096591
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By contacting Donald L Retallick III FL Insurance License # P109239/ Retallick Financial Group Florida Lic. #L096591, you may be offered information regarding the purchase of insurance products, including fixed index annuities and life.