Do We Undervalue Financial Flexibility Too Much?
The Wall Street Journal published an article this morning by Jonathan Clements, a financial writer I've long followed. Sadly, Clements is facing a terminal cancer diagnosis, and his article offers insights into personal finance management during life's most challenging moments. One particular line struck me:
IRMAA and Medicare: Unmasking the Scary Surcharge for Retirees
Many retirees are unfamiliar with this spooky feature of Medicare, and today I aim to shed some light on this surcharge. While paying extra for Medicare isn't pleasant, our goal is to ensure you're not avoiding important financial planning that could trigger an IRMAA surcharge but prove highly beneficial in the long run.
Social Security's 2025 Adjustments: What Retirees Need to Know
In today's post, I'll share how I review the annual Fact Sheet release and what these adjustments mean for the financial planning I do with retiree clients. These adjustments are crucial for retirees as they directly impact their income and financial stability in retirement.
Navigating Social Security Tax Withholding: A Guide to Form W-4V
I want to focus today on an often-overlooked aspect of the Social Security filing process that could be much easier: federal tax withholding. Many retirees are surprised to learn that their Social Security benefits are subject to federal taxes. In fact, up to 85% of benefits may be taxable, especially for our more affluent clients.
The Quadruple Tax Benefit of Health Savings Accounts for High-Income Earners
As a financial planner working with high-income clients, I often discuss the benefits of Health Savings Accounts (HSAs). While HSAs are typically described as triple tax-free, for high-income households they can effectively offer a quadruple tax advantage.