If you're 63 or older and planning to enroll in Medicare at 65, the income and tax decisions you make today could affect your cash flow not just this year, but two years from now. That's because of IRMAA, short for Income-Related Monthly Adjustment Amount, an...
When your healthcare is tied to your employer, your coverage costs are relatively predictable. It doesn't matter if you had a record-breaking sales year or a quiet one; the premium is the premium. Retirement has a way of complicating things. Medicare enrollees with...
If your clients have been asking whether Social Security taxes are disappearing, you’re not alone. Headlines and social media have created the impression that benefits will soon be tax-free. That’s not the case. A new temporary tax deduction could provide modest...
Here in Metro Atlanta, we’ve just had two back-to-back winter storm weekends. And with each forecast came the same familiar grocery store scene: shelves wiped clean. Bread. Milk. Eggs. Gone. What everyone plans to do with all that milk and bread is a question for...
Ah, spooky season. Remember when we were optimizing candy routes instead of retirement portfolios? When the toughest choice was picking a Halloween costume, not weighing Roth conversions against IRMAA avoidance? We still love a good thrill (and the occasional...
If you know me, you know that I geek out on technicalities, so advisors can stay focused on their clients. I thrive on rules, regulations, and timelines, translating them into practical, real-world strategies. But today, I’m pressing pause on the technical speak for a...
It’s hard to believe the Roth IRA has been around for 27 years. Over the years, the frequency of questions about its pros and cons has fluctuated, but with uncertainty surrounding the future of taxes, it’s worth revisiting the risks and rewards of choosing a Roth IRA...
Navigating the world of Medicare can feel like deciphering a complex code. However, understanding the initial enrollment period is crucial to ensure you get the coverage you need without incurring costly penalties or gaps in healthcare coverage. Let's break down what...
The Social Security Administration (SSA) has announced a 3.2% cost-of-living adjustment (COLA) for Social Security and Supplemental Security Income (SSI) beneficiaries in 2024. This increase aims to help retirees and disabled individuals keep pace with inflation....
The American College of Financial Services is proud to announce the inclusion of Heather Schreiber, RICP®, NSSA®, a luminary in Social Security strategy and founder of HLS Retirement Consulting, as an industry expert for the newly unveiled Knowledge Hub+, a...
A companion resource to Ed Slott's IRA Newsletter, this is the go-to "all things Social Security" newsletter and reference tool for financial professionals. Providing practical applications to commonly asked and misunderstood claiming rules, Social Security Advisor is a must-have for any financial and tax professional who wants to add value to their financial and tax planning process.
