Retirement Archives

13 03, 2025

The Impact of Tax Law on Retirement Planning
The Impact of Tax Law on Retirement Planning

The Impact of Tax Law on Retirement Planning

Evan Lamont2025-03-24T04:29:34-07:00March 13, 2025|Retirement, Retirement Planning|

Understanding how tax laws affect retirement planning is essential for optimizing savings and managing tax liabilities. Legislative changes can influence contribution limits, withdrawals, and tax strategies, making it important to stay informed and adapt accordingly. How Tax Law Affects Retirement Savings Tax laws shape retirement accounts by setting contribution limits, defining tax deductions, and establishing withdrawal rules. Key considerations include: Contribution Limits: Annual limits for 401(k)s, IRAs, and other tax-advantaged accounts may be adjusted by legislation. Tax Deductibility: The ability to deduct contributions to traditional retirement accounts depends on factors such as income level and [...]

27 02, 2025

Understanding the Role of 401(k) Plans in Retirement Savings
Understanding the Role of 401(k) Plans in Retirement Savings

Understanding the Role of 401(k) Plans in Retirement Savings

Evan Lamont2025-01-29T14:13:39-08:00February 27, 2025|401K, Retirement, Retirement Goals, Retirement Planning|

A 401(k) plan is one of the most widely used tools for retirement savings, offering tax advantages and long-term growth opportunities. By understanding how these employer-sponsored plans work, you can optimize their benefits and create a strong foundation for your financial future. What Is a 401(k) Plan? A 401(k) plan is a retirement savings account provided by employers. It allows employees to contribute a portion of their income, often on a pre-tax basis, to grow their retirement savings over time. Contributions grow tax-deferred, meaning taxes are paid when funds are withdrawn during retirement. Some employers [...]

9 12, 2022

These Classic Bands from the 60s and 70s Are Still Jamming!
These Classic Bands from the 60s and 70s Are Still Jamming!

These Classic Bands from the 60s and 70s Are Still Jamming!

BML Wealth Marketing2025-02-05T21:47:07-08:00December 9, 2022|Lifestyle, Retirement|

Baby Boomers have certainly proved that retirement can be a time of not just rest and relaxation but of fun and adventure. As you enter this wonderful new phase of your life, there are famous bands and musicians from the 60s and 70s that are still on tour now, whose tunes and jams have uplifted your spirits and given you an outlet to express yourself. If you’re a music lover wanting to see some of your favorite bands, check out these 9 tours you may want to attend! Earth, Wind & Fire – These funk [...]

4 11, 2022

4 Unconventional Vacations and Relocations
4 Unconventional Vacations and Relocations

4 Unconventional Vacations and Relocations

BML Wealth Marketing2023-02-09T02:06:00-08:00November 4, 2022|Lifestyle, Retirement|

As generations leave the workforce, retirement culture resets and reshapes in unique ways. You may have seen your parents choose to retire at home or in their community, but Baby Boomers have taken a different approach to retirement by relocating further from their hometowns or staying on the road for their retirement years. If you’re one for adventure, then consider these unconventional vacation and relocation options! Vacation on a Cruise Ship The concept of spending more time on a cruise ship is certainly gaining popularity as it becomes more accessible. As a water lover, you [...]

27 05, 2022

Is the Open Road in Your Future?
Is the Open Road in Your Future?

Is the Open Road in Your Future?

BML Wealth Marketing2022-05-27T09:06:32-07:00May 27, 2022|Lifestyle, Retirement|

"Retirement is not the end of the road. It is the beginning of the open highway." - Unknown Some retirees may have seen their travel plans stalled out in the past couple of years due to COVID and COVID-related restrictions, but many are beginning to feel better about traveling this year and want to get out on the open road.[1] Road trips are a classic vacation style and a great alternative to large crowds and international travel. With so many amazing sites to see in the United States, there is sure to be something for [...]

8 04, 2022

How Do You Know When You’re Truly Ready to Retire?
How Do You Know When You’re Truly Ready to Retire?

How Do You Know When You’re Truly Ready to Retire?

BML Wealth Marketing2022-04-08T08:56:59-07:00April 8, 2022|Retirement, Retirement Planning|

You may have heard that Tom Brady retired from the NFL. You may have also heard that his retirement lasted about 40 days and that he will now be playing another year for the Tampa Bay Buccaneers. He’s not the only person to go back on their retirement. However, it can be harder for many people to return from work if they change their mind about retirement. It helps to be sure you want to retire – but how do you know when you’re truly ready? Your Feelings About Work Have Changed One sign that [...]

11 03, 2022

How to Get Through the “Disenchantment” Phase of Retirement
How to Get Through the “Disenchantment” Phase of Retirement

How to Get Through the “Disenchantment” Phase of Retirement

BML Wealth Marketing2022-03-11T10:11:44-08:00March 11, 2022|Psychology, Retirement|

Everyone talks a lot about how to prepare for retirement financially, but often there is less focus on how to re-orient your life and mindset. Research shows that the way people feel about their retirements follows a u-shaped curve; first, people are quite positive, then not as much, and then are positive again. From the “honeymoon” phase of retirement to disenchantment and re-orientation, here’s how to get yourself through. The Honeymoon Phase: Many people idealize retirement. When we’re extremely busy, the idea of unlimited free time is tempting. So, when people finally reach retirement and [...]

10 09, 2021

Spending Your Free Time in Retirement
Spending Your Free Time in Retirement

Spending Your Free Time in Retirement

BML Wealth Marketing2021-10-05T08:26:50-07:00September 10, 2021|Retirement|

If you’re planning on taking a vacation, it’s probably something that you’ve looked forward to for a while now. And, that’s what retirement is about… It’s your 30 or more year vacation. Whether you’re traveling, volunteering, taking up new hobbies, or relaxing with friends and family, retirement is a time to unwind and do something you enjoy. One thing that’s great about life in retirement is the freedom you have to choose how you want to spend your time, and the people you want to surround yourself with. So, here are some potential ideas to [...]

3 09, 2021

3 Priceless Pieces of Retirement Wisdom
3 Priceless Pieces of Retirement Wisdom

3 Priceless Pieces of Retirement Wisdom

BML Wealth Marketing2021-10-05T08:27:02-07:00September 3, 2021|Retirement|

You've worked the majority of your life and deserve to have many blissful years ahead. With a proper plan and execution strategy in place, you should be on track to accomplish your retirement goals and dreams. But while working on your finances, take time to consider these three priceless pieces of retirement wisdom. The first bit of wisdom is to try not to "check out" of society in retirement. Retirement is a time to relax, but relaxing shouldn't mean that you stop everything. A body in motion stays in motion. Use this time to increase [...]

27 08, 2021

How This Generation Will Influence Culture
How This Generation Will Influence Culture

How This Generation Will Influence Culture

BML Wealth Marketing2021-10-05T08:29:00-07:00August 27, 2021|Lifestyle, Retirement|

By the year 2035, Americans 65 and older are expected to outnumber those under 18 for the first time in our country’s history.[1] In a culture that tends to glorify youth and doesn't know how to handle older American's problems, this will mean some major changes. Whether it's through celebrities who refuse to retire, retirees who experience wanderlust and make travel a priority, or those who prioritize retiring early to enjoy their time, this generation will influence culture and the future of retirement. Baby Boomers Will Re-Define Retirement Baby Boomers have been re-defining American culture [...]