Theresa’s Thoughts

    Countdown to Retirement

    There’s a lot to consider as you prepare for retirement, so it’s wise to begin planning well ahead of time. The checklists below are designed to help you stay on track for the retirement you envision.

    Federal and State Retirement Systems

    Being aware of retirement options and social security benefits can help you assess how financially secure you will be during your golden years.

    Should I Wait to Start My Social Security Benefit?

    Deciding when to begin taking your social security retirement benefits can be difficult because there are many factors to consider. Even if you plan to keep working, social security benefits are available to most workers as early as age 62, but you can delay collecting until age 70 or choose any age in between.

    Watch Out For The Big “R” Word (Recession)!

    According to the Federal Reserve, Real (inflation adjusted) GDP per capita in the first quarter of 1980 was $30,174.00. For the 4th quarter of 2021, it was $59,553.00. During these four decades when the American Economy was experiencing six recessions - every one of which was reported in the media as the “End of Economic Life As We Know It” - US real GDP per capita doubled.

    With recent rising home values, it makes sense to review your Homeowners coverage

    With home values rising within the last three to five years, it pays to thoroughly review the coverages that you have on your home.

    Autumn Greetings of Gratitude

    As the days start to get shorter, and the end of the year approaches, I want to say thank you. Thank you for the privilege of being able to help and serve you.

    Millennials and Money

    According to a recent Wall Street Journal article, more and more, white collar Americans are going deeper into debt. Many of the subjects of this article were making a household income of well over $175,000 per year. Why is this a problem?

    Thinking ahead to the next generation and beyond… What will be your legacy?

    One of the items under the SECURE Act state that non-spouse beneficiaries who inherit an IRA or qualified plan must distribute the entire IRA within 10 years of the account owner’s death. The only exceptions besides spouses are beneficiaries who are disabled or chronically ill, a minor child of the account owner (until age of majority is reached), or a beneficiary who is not more than 10 years younger than the deceased account owner.  This item itself, creates even more urgency for multi-generational planning....

    Stay the Course

    ~A journey of a thousand miles begins with one step~ Lao Tzu

    If you fell asleep at the market height in February and woke up this week – in spite of the major decline starting in March, you may find that you're in positive territory with your equity-based portfolio. Hence, the truisms: declines are temporary, advances are permanent, this too shall pass....

    What is your Number?

    No – not your phone number- ha-ha. The number that I am talking about is the amount of money that you will need at retirement or whenever you decide to stop working. Do you know what it is? If you don’t – you are not alone. Over 95% of pre-retirees do not know what their number is.