August 12th, 2019

A Retirement Fact Sheet

Does your vision of retirement align with the facts? Here are some important financial and lifestyle facts about life after 50 that might surprise you. Up to 85% of a retiree’s Social Security income can be taxed. Some retirees are taken aback when they discover this. In addition to the Internal Revenue Service, 13 states … Continue reading “A Retirement Fact Sheet”

July 16th, 2019

What the SECURE Act Could Mean for Retirement Plans

If passed, it would change some long-established retirement account rules.  If you follow the news, you may have heard of the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Although the SECURE Act has yet to clear the Senate, it saw broad, bipartisan support in the House of Representatives. This legislation could make Individual … Continue reading “What the SECURE Act Could Mean for Retirement Plans”

June 18th, 2019

Helping Aging Parents Manage Financial Responsibilities

How can you make things easier on them later in life?  The number of people aged 60 and older is growing. By 2050, this demographic will be more than twice as large as it was in 2015. Many of these seniors will face financial challenges as they age whether it’s analyzing their accounts or simply … Continue reading “Helping Aging Parents Manage Financial Responsibilities”

June 13th, 2019

Gifts- Taxable or Not?

In Clark Kendall’s book, Middle-Class Millionaire: Surprisingly Simple Strategies to Grow and Enjoy Your Wealth, chapter 18 explains “Planned Giving” and walks through best practices of gifting. Below is a story about Rich and Barbara and real-life examples of how to gift efficiently. Rich is a retired film stuntman who, after a long career, is … Continue reading “Gifts- Taxable or Not?”

June 12th, 2019

Could Social Security Really Go Away?

It may be unlikely, but the program faces financial challenges.   Will Social Security run out of money in the 2030s? You may have heard warnings about this dreadful scenario coming true. These warnings, however, assume that no action will be taken to address Social Security’s financial challenges between now and then. It is true … Continue reading “Could Social Security Really Go Away?”

May 21st, 2019

Options and Benefits of Roth IRA Contributions

If you own an Individual Retirement Account (IRA), you may have heard about Roth IRA conversions. Converting your traditional IRA to a Roth IRA can make a lot of sense depending on your situation. But remember, consulting with your financial advisor here at Kendall Capital before making financial decisions is always a good idea.      … Continue reading “Options and Benefits of Roth IRA Contributions”

May 20th, 2019

The Problem of Money Paralysis

Not making a move is not always the best move to make.  A decision not made may have financial consequences. Sometimes, we fall prey to a kind of money paralysis, in which financial indecisiveness is regarded as a form of “safety.” Retirement seems to amplify this tendency. If you are single and retired, you may … Continue reading “The Problem of Money Paralysis”

April 16th, 2019

Planning to Retire Within the Next 5 Years?

What should you concentrate on as the transition approaches? You can prepare for your retirement transition years before it occurs. In doing so, you can do your best to avoid the kind of financial surprises that tend to upset an unsuspecting new retiree.   How much monthly income will you need? Look at your monthly expenses … Continue reading “Planning to Retire Within the Next 5 Years?”

March 6th, 2019

How Legislative Changes Will Affect TSP Participants

Most federal government employees rely on the government’s Thrift Savings Plan (TSP) as their primary retirement savings tool. The TSP is designed to serve as a 401(k)-type retirement plan for these workers. However, there are some serious drawbacks to TSPs when compared to 401(k)s, especially when it comes to their distribution rules. The good news … Continue reading “How Legislative Changes Will Affect TSP Participants”

December 13th, 2018

Social Security Gets Its Biggest Increase Since 2012

Social Security will soon give seniors their largest “raise” since 2012. In view of inflation, the Social Security Administration has authorized a 2.8% increase for retirement benefits in 2019. This is especially welcome, as annual Social Security cost-of-living adjustments, or COLAs, have been irregular in recent years. There were no COLAs at all in 2010, … Continue reading “Social Security Gets Its Biggest Increase Since 2012”