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. SageVest...
NEWS & INSIGHTS
Understanding Required Minimum Distributions (RMDs)
Required Minimum Distributions (RMDs) are essential and mandatory financial requirements for those age 73, and individuals who own any inherited IRA accounts. Understanding RMDs will help avoid penalties and optimize...
A Simple Way To Estimate How Much You Need for Retirement
One of the most common questions SageVest Wealth Management advisors hear is “How much do I need to retire?” In reality, there’s no one universal answer. Retirement dreams are different for everyone, and they change as...
The Power of a Roth Conversion
Saving for retirement takes time, diligence, and wise decision-making. This includes making smart tax investment strategies part of your planning. The more you get to keep after-taxes has a large impact on the...
Retirement Catch-Up Contributions
Most people think of retirement as a period when you live comfortably, with the time, money, and other resources available to enjoy a fulfilling lifestyle. To achieve these retirement goals, you need to plan ahead...
The Benefits of a Solo 401(k)
As true wealth managers, we are always looking for potential strategies to help our clients with their current objectives as well as their long-term goals. One of the many areas that we help with is year-end tax...
Career Changes? Don’t Forget Your Old Retirement Plans
As you transition between employers throughout your working career, make sure that you don’t leave a trail of former employers’ retirement plans in your wake. Losing track of old plans is a legitimate concern, and it...
Reversing Your 2020 RMD – August Deadline Looming
The CARES Act implemented several measures to help Americans during coronavirus, including the ability to skip taking taxable Required Minimum Distributions (RMDs) for tax year 2020. However, the Act went into effect...
Returning to Work During Covid-19: Your Finances Versus Your Health
As all 50 states begin to reopen during COVID-19, millions of people in the workforce face a new dilemma. Are they ready to return to work, balancing their finances and their health? If you’re able to work from home...
Life-Changing Events That Reduce Your Medicare Premium
If you are what Social Security considers a “higher-income beneficiary,” you pay more for Medicare Part B, the health insurance portion of Medicare, and Part D, prescription drug coverage. The Social Security...
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