It’s an unfortunate fact that there are criminals out there whose only job is to part you from your hard-earned wealth. They work around the clock, operating a variety of common financial scams designed to steal your personal information and/or your money. To protect your assets from exploitation, you need to remain vigilant. SageVest Wealth Management describes some of the most common financial scams and how to avoid them.
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If you shake your head and laugh at the thought of living to 100 or older, it’s time to reconsider how long you’ll live in retirement. According to the Social Security Administration, almost a quarter of all 65-year old Americans will go on to live beyond 90, and 10% will live beyond 95 [1].
People are living longer – and that costs money. If you don’t plan ahead financially, living longer may also mean living leaner. Here’s what to think about when considering how long you’ll live in retirement.
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As your teen prepares for college and beyond, it’s important that you discuss realistic life expectations together. At this juncture of their lives, some of the most influential factors on their career and future lifestyle relate to the choices your teen makes regarding study. From the grades they achieve, to what they study and where, SageVest Wealth Management’s sister site, SageVest Kids, highlights 6 key choices that’ll impact your teen’s future income, alongside statistics to support and guide these important decisions.
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It seems like one minute you’re proudly holding your new grandchild in your arms, and the next they’re heading off to college. As the College Board’s annual report, ‘Trends In College Pricing’ highlights, that college experience comes with a high price tag nowadays. If supporting your grandchild’s academic success is important to you, here are 6 ways you can help with your grandkid’s college costs.
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Helping your kids develop good money habits lays the foundation for lifelong success. To help parents teach kids, tweens, and teens about money, SageVest Wealth Management established the SageVest Kids website in 2017. Now, a survey from Charles Schwab has reinforced the importance of financial literacy for the next generation. We highlight some of the results from the recent survey, alongside tips to help your kids develop good money habits.
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Reviewing your finances regularly helps to ensure that all your money decisions remain aligned, both with each other and with your broader life and wealth goals. If you have finance-related questions, SageVest Wealth Management is a valuable resource. Our menu of services is extensive and we can help with a wide range of wealth considerations for you and your loved ones.
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SageVest Wealth Management’s latest quarterly commentary is now available. Highlights include:
– World stock markets embark on a roller coaster ride, posting significant losses by year-end.significant losses by year-end.
– Trade war tensions intensify, with high stakes ahead.
– Bonds surprise to the upside, but with foreboding signs as the yield curve partially inverts while debt levels soar.
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Congratulations on your milestone birthday! Age 70 is Social Security’s maximum retirement age. Once you reach age 70, there’s no further advantage to delaying your Social Security retirement benefit claim. Furthermore, age 70½ is the age at which most people must begin taking Required Minimum Distributions (RMDs) from Traditional IRA and other qualified retirement plans. SageVest Wealth Management considers maximum Social Security benefits and RMDs at age 70.
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You can claim Social Security retirement benefits as early as age 62. Many Americans do so, especially women [1]. However, claiming early means that your monthly benefit checks and, potentially, your overall lifetime payout amount, will be lower than if you wait until full retirement age for Social Security. Full Retirement Age is the age at which you become eligible to receive non-reduced benefits and, if you’re still working, are no longer subject to the earnings limit. In short, Full Retirement Age means full Social Security.
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If you’re approaching age 65, now’s the time to consider your Medicare enrollment. Medicare is the Federal health insurance program for those aged 65 and older (plus other eligible adults). With healthcare costs listed as one of the top three financial worries for most Americans [1], familiarizing yourself with the Medicare program can help maximize your entitlements. SageVest Wealth Management outlines the basics of Medicare enrollment at age 65.
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