Life-Changing Events That Reduce Your Medicare Premium (Apr 27, 2020)

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 Administration (SSA) uses the most recent Federal tax return provided by the IRS to make this determination, but that might reflect your income from two years prior. If you have experienced a life-changing event that has caused an income decrease, you can request that Social Security revisit its decision.

 

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Long Term Care Insurance (Nov 26, 2019)

Jennifer Myers of SageVest Wealth Management recently offered insights about long term care insurance, which is an increasingly challenging financial consideration for Americans. Jennifer and the author of the article “Long Term Care Insurance: Is It The Right Move…?” discuss some of the key points individuals and families should consider when buying long term care insurance, such as weighing resources for retirement versus what’s needed to protect your family should a care need arise. SageVest Wealth Management proudly serves as a fee-only financial advisor, allowing us to give unbiased advice on insurance products and other financial considerations, always acting in our clients’ best interests.

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A Simple Way To Estimate How Much You Need For Retirement (Mar 1, 2019)

Without  a doubt, the most common question SageVest Wealth Management advisors hear is “How much do I need to retire?”

In reality, there’s no universal answer. Retirement dreams are different for everyone, and they change as life constantly evolves. However, there is a universal objective to be financially comfortable. The amount of income you need today can offer insights into what you’ll need to replicate tomorrow. If you haven’t already explored retirement planning, we offer a quick and easy chart as an initial gauge of your preparedness.

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Sorting Fact From Fiction – Retirement Myths (Apr 19, 2018)

When it comes to your retirement finances, there’s a lot to think about and plan for, whether you’re retiring soon, or are several years from retirement. SageVest Wealth Management creates personalized, dynamic retirement plans for each of our clients, supporting their lifestyle, both now and in the future. Without the guidance of an experienced financial advisor, it can be difficult to know where to start, what to focus on, and how to sort fact from fiction when it comes to retirement myths.

Jennifer Myers was recently quoted in US News & World Report, discussing ‘7 Myths About Finances In Retirement’.

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9 Ways To Know If You’re Saving Enough For Retirement (Aug 11, 2017)

Just about everyone thinks about retiring, from what we’ll spend our time doing, to where we’ll live, and more. However, only some of us adequately prepare and save for retirement.

Saving for retirement doesn’t happen overnight, and it can’t be achieved in just a few years beforehand. It typically takes years of focusing on your retirement objectives and capturing savings in support of those goals. If the following characteristics sound like you, congratulations! You’ve successfully embraced the immediate and long-term benefits of saving and are effectively focused on your long-term financial needs.

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Pension Options – Payout Or Payments (Apr 22, 2016)

Retirement is an exciting time, full of choices to make and plans for the future. If you’re entitled to a pension, you’re fortunate. You also have more financial decisions to navigate. It’s time to decide if you should take your pension as a monthly payment, as a lump sum rollover, to elect survivor benefits, and more. These are irrevocable decisions, so it’s important to make the right one for you and your loved ones. While everyone’s retirement circumstances and objectives are unique, there are some common considerations that can help you to evaluate what’s the best option for you.

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The Roth 401(k) (Aug 28, 2012)

Some employers offer 401(k) plan participants the opportunity to make Roth 401(k) contributions.

A Roth 401(k) is simply a traditional 401(k) plan that accepts Roth 401(k) contributions.

If you’re lucky enough to work for an employer who offers this option, Roth contributions could play an important role in maximizing your retirement income.

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The Transition Into Retirement (Feb 24, 2012)

Are you ready to retire? The question is actually more complicated than it first appears, because it demands consideration on two levels. First, there’s the emotional component: Are you ready to enter a new phase of life? Do you have a plan for what you would like to accomplish or do in retirement? Have you thought through both the good and bad aspects of transitioning into retirement? Second, there’s the financial component: Can you afford to retire? Will your finances support the retirement lifestyle that you want? Do you have a retirement income plan in place?

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