Social Security is an important source of income for most retirees. According to the Social Security Administration (SSA), one in every six U.S. residents collected Social Security benefits last year.1 But understanding which Social Security benefits you qualify for and how they play into your financial future can be a challenge. Below are a few articles to help [...]
Want to pay less taxes? (and who doesn't?) If given a way to legally reduce tax liability, most Americans would welcome that opportunity with open arms. But methods for doing so aren’t always obvious—and may be tricky in certain circumstances. Two such situations include working in the gig economy and navigating required minimum distributions (RMDs) [...]
Whether you are already retired or looking to retire soon, you likely know that retirement planning is a crucial aspect of financial management. It involves creating a strategy to secure a comfortable and financially stable life after your last paycheck. The goal is to ensure you have enough financial resources to maintain your desired lifestyle, [...]
As we are entering tax season, it is not too late to help reduce your tax bill for 2023. Did you know you have until April 15, 2024 to make prior year contributions to your IRA (from earned income)? That is just one of many tax strategies you may be able to take advantage of. [...]
This roundup of top financial news for the week presented by Matt Glova and the LifeTime Asset Management team: Monthly Market Update, Jan 31, 2024 Read more on: 1. Positive Start to the Year 2. Mixed Month for Bonds 3. Economic Growth Continues 4. Update from the Fed 5. Risks to Monitor 6. Solid Foundations [...]
Blog post by Brad McMillan, CFA®, Chief Investment Officer at Commonwealth Financial Network®. Markets rose last month, continuing November’s rally as interest rates pulled back even more on expectations of Fed rate cuts in 2024. Markets in the U.S. were up by mid-single digits, finishing a solid quarter and a very strong year. International markets [...]
It’s that time of year when many people set goals with the hope of changing their lives in the months to come. Some may set their sights on losing a significant amount of weight or training for a marathon, while others may want to spend more time with family or other loved ones. Whatever your [...]
At the start of 2023, we saw dire headlines about the economy and the markets despite positive economic data. Ultimately, the results this year followed the data, not the headlines. Yes, there were (and are) many concerns and risks. As long as the data stays solid, however, so should the results. And that’s worth keeping [...]
Presented by Matt Glova and the LifeTime Asset Management team: Weekly Market Update, Dec 18, 2023 Inflation continued to fall particularly on the producer side as falling energy supported the move lower. Service costs on the consumer side will be worth watching especially if this translates into lower wage growth and a softer job market [...]
Lorraine Johnson, CFP®, CFA®, ADPA® Announces Retirement at the end of 2023 It is with mixed emotions that we announce the retirement of a valued member of our LifeTime family, Lorraine Johnson, effective the end of 2023. Lorraine is not only a renowned financial advisor but also a distinguished member of the Women Business Owners [...]