Summary On Understanding Medicare
Who is eligible?
Individuals 65 or older
Individuals receiving social security disability benefits for 24 months
Kidney failure
New Year’s Resolutions to keep
If you’re like me every January I work on a new healthier me; I start exercising more (start being the key word) and I eat healthier. But, what about an additional New Year’s Resolution about the health of our financial life? Below are the top three ideas for a financially healthy 2018: Get your estate planning documents in order: An essential part of financial planning is having your wishes in writing which would include an up to date will, living will and power of attorney documents. A will documents where you would like your assets to go once you pass If you are a parent of minor children it’s important to have a guardian in your will in the event you and your spouse pass at the same time. A living will, documents your wishes in the event you are put on life-support The financial power of attorney documents who should take over your finances in the event you are alive, but incapacitated. The individual you name as your health power of attorney makes health-related decisions for you if you are unable to make your own decisions. Increase your savings & reduce your debt in 2018: A good rule of… Read More
A New Service for Windsor Wealth Clients
We have all been there, young and adult, just starting a full-time job and not sure how to organize my finances: I remember asking – what is my first priority?
Windsor Wealth’s New Strategic Partner Dr. Chris Turpin with 360 Coaching
We are excited to introduce our new Strategic Partner, Dr. Chris Turpin, a college preparation coach. He helps students select the best college for their future, assists students in obtaining scholarships, all the while boosting their college resumes, as well.
How Much Further?
Now the question we are getting is: when will this bear market end? Some pundits have suggested that the following events may act as the catalysts that mark the end of the downdraft: The mid-terms, when Republicans take a majority in Congress, when the Federal Reserve stops raising rates and inflation subsides, after we experience our next recession, and so on. In our experience, the “bottom is in” when buyers return: Brilliant, right? Investors have to glean that low prices justify taking the risk to achieve a higher return in the future. Again brilliant, right? Then there’s an old Wall Street adage: “Buy at the wake, Sell at the wedding”; are we hearing the bagpipe dirge yet? I don’t hear them yet, but a few pipers are beginning to paradiddle. For example, according to the Wall Street Journal, day traders have all but disappeared. Crypto and most of the meme stocks are now unpopular and trodden. Measuring the percentage of all Operating Company Stocks* 30% or more below their yearly highs helps us understand the depth of bear markets. This statistic recently reached 57%. The last two times this statistic surpassed 60% were in 2020 during the pandemic and 2009… Read More
Lower Taxable Income in Retirement
Taxes happen to be one of the largest expenses in retirement and taxes can increase once you start to take your required minimum distribution (RMD). As most of you know, you have the option to distribute your RMD or up to $100,000 to qualified charities without paying the income taxes on the distribution. A qualified charity is an organization that qualifies for tax-exempt status which are typically non-profit organizations including churches, schools, and government entities.
Enjoying Life in Retirement
These years are said to be some of the best years as you are enjoying your time with family and have either retired or are winding down. Hopefully you have started some new hobbies and are enjoying family time and some new friendships. Now that you are retired, and have saved your money, there are different financial items to review and prepare.
Monthly Newsletter– Deven Patel
Welcome to the first edition of my Monthly Newsletter. I appreciate all of you for allowing me to fill your inbox with yet another thing you probably will never read. (Just kidding, hopefully.) Regardless, I wanted to provide everyone with something that I personally create every month, as opposed to a generic email or some other unoriginal newsletter type thing.
Retirement is Right Around the Corner!
There has been a lot of preparation, planning and saving to get to this point so it’s time to enjoy! Most investors are starting to think about retirement or slowing down their career in their 60s and the big question is, what now? To prepare for the best retirement, below are some items to consider in your 60s.
Retirement Preparation
Investors in their 50s You’ve worked hard to put the kids through college and wondered if you would ever start to clearly see your retirement horizon. You’ve probably starting to visualize your retirement: The trips, the hikes, the projects, the family vacations and just sitting around a bit enjoying a pretty day. It is also a good time to take stock of where you are relative to your goals. I recommend focusing on the below list of items in your 50s to ensure your retirement outcome is successful. 1. Do an in-depth holistic financial plan if you have not done one already. Saving for retirement probably started back in your 20s and 30s but do you know if your savings plan will get you to where you need to be in retirement? Are you investing in the right investments at the right time to meet your goals? A holistic plan can answer these questions but can also point out opportunities for you and your family. Working with a financial planner to put your goals at the highest probability of success will not only help you achieve successful outcomes but will also allow you to potentially see financial opportunities. 2. Plan… Read More