One of the most difficult adjustments for clients as they enter retirement is to flip that switch from receiving a paycheck into their bank account to withdrawing funds from their investment accounts. We have found that many clients have actually worked longer because they just couldn’t reverse this thinking. Investors are savers and for savers […]
I Miss My Monthly Paycheck. Help! Read More »
This time of year, we tend to receive more questions about investments as families prepare their tax returns. Here are some of the recent FAQs we have answered about IRAs: What is the RMD age now? You must begin taking your RMD by April 1st of the year you turn 73 (for those born between
Recent FAQs WPC Advisors Have Been Answering Read More »
The IRS recently came out with its list of inflation related adjustments to tax brackets, standard deductions, phaseout thresholds and 401(k) contribution limits. Here are some important new limits to know. Planning and saving for your retirement has never been more important. If you are older than 50 years of age, pay close attention! If
What to expect in 2023: Information You Should Know Read More »
As we are in the last quarter of 2022, now is a great time to review and finish up the year stronger financially! Review and maximize annual contributions to Health Savings Accounts, IRA’s, Roth IRA’s and employer sponsored plans: HSA Limits: Single $3,650 Family $7,300 +$1,000 catch-up for those older than age 55 IRA/IRA Roth
2022 End of Year Financial Planning Read More »
Student Loan Debt Cancellation – What You Need to Know Recently, President Biden extended the student loan payment pause until 12/31/2022 and announced that $10,000 of federal student loans would be cancelled for those making less than $125,000 annually or $250,000 if a married couple. People who also received Pell grants will be able to
Student Loan Debt Cancellation – What to Know? Read More »
Can we afford to continue living where we are? An older gentleman in his 80’s found us on the suggestion of his family and friend. His family knew he was worried about his situation, so they encouraged him to ask around for a referral. He asked a good friend who directed him to Wealth Planning
Client Story: Confident Choices Read More »
Charitably inclined means you give time, energy or resources to known organizations that are near and dear to your heart. For example, charitable giving can include annual donations to a camp or university that really impacted your life or volunteering at a local food pantry or shelter for victims of domestic abuse. Here is an
Are you Charitable or Philanthropic? Read More »
Social Security is an important economic benefit for women across the United States. In fact, more than half (55%) of all people receiving benefits from Social Security are women. This is particularly important as we consider the financial futures of our female clients. In general, women tend to live longer than men, have historically had
4 Social Security Tips for Women – Wealth Planning Corporation Read More »
WPC has added a tool to our Financial Planning Toolbox – TIFIN Plan. A Fintech platform using AI technology to simplify the financial discovery process and promote engaging conversations! We have found it invaluable when addressing the Next Gen’s financial questions. So let’s sit down and quickly get to the point answering what is really
New Fintech Tool Added to Our Financial Planning Toolbox Read More »
Now! Is the time to organize and get prepared for Filing your TAXES! For many filing taxes may illicit lots of emotions and the process can simply be overwhelming. We wanted to provide you with some information on the common mistakes and conversely, give you some helpful tips. Hopefully, saving you time and costly penalties
Tax Mistakes and Tips! Read More »
