Wednesday, March 22, 2023

High inflation can reduce the value of your money for critical purchases such as food, energy, health care and daily living needs. How can you combat these issues? Social security benefits may be the single most critical decision on when to elect benefits for many Americans. Understanding how this benefit can increase and how it is taxed is invaluable. Federal taxes have been as high as 90%. If all your money were tax-deferred in a retirement savings plan how much will you have to pay in future taxes and what is that money worth? Market Volatility happens regularly with our investments. When you need the money is usually the most critical time. Creating income off your savings is usually essential for most retirees. Learn strategies to protect your retirement savings and create income.