A lot of people make donations to their favorite charity or religious organization. And in most cases, the individual writes a check and, hopefully, takes a charitable tax deduction when it is tax-filing time. An often-forgotten tax strategy is the Qualified Charitable Deduction (QCD). The QCD is a different take on securing a tax benefit […]
Fidelity Investments recently completed a review of their 401(k) and IRA account holders and found that the number of accounts crossing above the $1 million value mark compared to 2020 rose by 74%…over 750,000 account holders. Can you use your 401(k) plan to become a millionaire? The answer is Yes, and to help you get […]
COVID has caused Americans to rethink what it takes to be considered ‘wealthy.’ Charles Schwab and Company recently completed its annual Modern Wealth Survey of 1,000 Americans. Their findings concluded that one needs $1.9 million in personal net worth to be considered wealthy. That number is down from the pre-COVID definition of wealthy at $2.6 […]
Our last SquareOne blog covered retirement savings for individuals with defined contribution retirement plans through their employer – the 401(k) with the Employer Match. However, suppose you are one of the 36% of private industry workers whose employer does not offer a defined contribution plan. In that case, you may be looking for options on […]
Could delaying Social Security be the key to winning the retirement game? For many couples, the answer is a definite “Yes.” For most pre-retirees, the full SS retirement age is sixty-six (and a few months). That is the age when you can receive your full benefits based on your work history. However, you can begin […]
Last week’s article, Wealth Creation Made Easy, discussed a few time-tested rules to help you achieve significant wealth. The article highlighted three areas – that should you have consistent success in achieving, will provide you with a framework in creating wealth. Let’s take a deeper dive and discuss a few additional thoughts to make following […]
PIMCO is a leader in fixed income markets with more than $2 trillion of assets under management. They recently completed a study involving 750 wealthy investors who were either near retirement or already retired. The research focused on the changing psychology of retirees versus the ‘numbers’…how much money you need to retire and how much […]
If you want to achieve financial freedom by retirement age or earlier, you are going to have to invest a lot of money. To invest successfully, you will need to spend the time learning how to invest or hand over at least a portion of the responsibility to a professional investment advisor. Choosing an advisor […]