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So far BML Wealth Marketing has created 330 blog entries.
25 07, 2021

Where Could Your Retirement Income Come From?

2021-07-25T20:03:06-07:00July 25, 2021|Investing, Retirement Income, Retirement Planning, Social Security|

You're used to receiving a paycheck, and perhaps you've been used to it steadily increasing over the course of your career. You may have experienced what’s known as “lifestyle inflation” and may not plan to downgrade in retirement. Whatever the case, it’s important to know where your retirement income will come from. It could come from several different sources, so know how much will come from each and the total amount. Social Security Social Security benefits are a highly reliable source of retirement income that can last for the rest of your life. While you [...]

23 07, 2021

Post-COVID Decluttering

2021-07-23T15:23:28-07:00July 23, 2021|Lifestyle|

If your nest isn’t as full as it once was, or you find you’ve accumulated a few too many things during COVID, consider decluttering. Having less clutter in your living space and better organization can help make a world of difference. If you've accumulated more possessions than you need over the last year and a half, consider these strategies for tidying up after COVID. The Kitchen It's easy for the kitchen to get cluttered with things that don't belong there, like a book someone was reading at the kitchen table or important documents that someone [...]

19 07, 2021

The Most Important Ages for Your Retirement Accounts

2021-07-19T08:58:48-07:00July 19, 2021|Retirement Planning|

If you have a 401(k), IRA, or other retirement accounts, it’s important to keep a few things top of mind: Know how much you're contributing, how your investments are performing, and how much you're paying in fees. You should also note important milestone ages and their recent changes. Here are the most important ages for your retirement accounts, starting at age 50.Age 50At age 50, workers can make annual “catch-up” contributions in addition to their normal contributions. In 2021, you can contribute up to $6,000 to an IRA if you are under 50 and an [...]

16 07, 2021

Words of Wisdom from George Washington on Retirement

2021-07-16T15:17:02-07:00July 16, 2021|Lifestyle, Retirement|

Aim to retire to something, not just from something. Retirement is the beginning of a new stage of life that can be active and fulfilling if we do it right. We can learn a lot about how to do this from George Washington and his farewell address:I anticipate with pleasing expectation that retreat in which I promise myself to realize, without alloy, the sweet enjoyment of partaking, in the midst of my fellow-citizens, the benign influence of good laws under a free government, the ever-favorite object of my heart, and the happy reward, as I [...]

11 07, 2021

Retirement Has Changed – Have Your Plans?

2021-07-11T22:35:51-07:00July 11, 2021|Healthcare, Retirement Planning, Taxes|

People are retiring differently today than in the past – just think, will you retire exactly like your parents did? Probably not. Retirement is no longer about the end of a career; it's about the beginning of a new, often quite active phase of life that could last decades. And while this is something to celebrate, it also requires a plan to make savings last a lifetime. Here’s how retirement has changed and what you can do to plan ahead.Today’s Retirees May Have a Greater Tax Burden Retirees of previous generations may not have worried about [...]

9 07, 2021

Practical Tips for Starting Your Retirement Off on the Right Foot

2021-07-09T13:52:18-07:00July 9, 2021|Retirement Planning|

Retirement planning can be stressful because there are a lot of things to keep track of. One of the steps that often gets overlooked is announcing to your employer that you are going to retire. This may require writing a letter to explain your plans while also choosing a date for your last day of work. It is a big step because it signifies the beginning of your retirement journey. So, to start your retirement off on the right foot, try taking some time beforehand to plan your announcement.Before you start writing your letter and [...]

5 07, 2021

Be Part of the 4% When it Comes to Social Security

2021-07-08T12:41:32-07:00July 5, 2021|Social Security|

According to a recent study, only 4% of retirees claim Social Security benefits at the optimal time, losing out on an average of $111,000 per household.[1] There are many things to consider when choosing how to claim your benefit, and there’s no one-size-fits-all formula for maximizing it. Consider your unique situation and read these tips on how to be part of the 4% when it comes to Social Security. Waiting to Claim Means a Larger Benefit You can claim Social Security benefits anywhere from age 62 to 70, but the size of your benefit will [...]

2 07, 2021

3 Important Lessons from The Beverly Hillbillies

2021-07-02T11:08:41-07:00July 2, 2021|Lifestyle|

Although you may not have ever struck oil, you’ve already won the retirement lottery by working hard to save and benefiting from market growth and home appreciation. Now the question is how you'll make your small fortune last the rest of your life. We can learn three important lessons from The Beverly Hillbillies as to how to handle money. There’s a Difference Between Tax Minimization and Tax Evasion Inside the Commerce Bank of Beverly Hills, Miss Jane and Mr. Drysdale drone on about tax rates (the top marginal rate on personal income was 77% then, [...]

28 06, 2021

Where Could Interest and Tax Rates Be Headed?

2021-06-28T06:42:45-07:00June 28, 2021|Estate Planning, Federal Reserve, Tax Planning, Taxes|

Are you aware of the latest news that could affect your money? We recently heard from Federal Reserve Chairman Powell regarding interest rates, plus the Biden administration released a “Green Book” outlining some potential tax-increasing measures. There are several big changes proposed, and if they come to fruition, you may need to review your tax minimization strategy. The Latest from the Federal Reserve Powell indicated the possibility of interest rate increases in 2023. The Fed’s projections point to two rate hikes in 2023, but Powell says that’s far from certain. He pointed out that we’re [...]

25 06, 2021

Why the Future isn’t Always What You Expect

2021-06-25T03:13:30-07:00June 25, 2021|Lifestyle|

You might have a lot to look forward to in the future. Maybe your children will graduate from college, maybe you'll become a grandparent, and of course, you’ll retire! We’ll also probably see some significant technological advancements and interesting global developments, but no one knows what for sure. Sometimes life throws us a curveball – like the pandemic – and we have the adjust. Other times predictions don't come true. Ultimately, the future isn't always what you expect. Life Expectancy Will Rise Past 100 Although life expectancies have been steadily increasing, they’re not quite at [...]

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