Maximizing Your Finances: Year-End Tax Planning Tips for Retirees

Introduction: The year ending is an opportune time to engage in strategic financial planning, especially in terms of managing your taxes. Year-end tax planning could impact your financial well-being and help preserve your retirement savings. In this guide designed specifically for retirees, we’ll explore year-end tax planning tips designed to help you make the most […]

Embracing Gratitude: Finding Fulfillment Beyond Finances in Retirement

Introduction: As Thanksgiving approaches, it’s a perfect time to reflect on the essence of gratitude, especially in the context of retirement. While financial preparedness is crucial, finding fulfillment in retirement extends far beyond monetary considerations. In this blog post, we’ll explore finding gratitude in retirement, offering insights about how cultivating appreciation and contentment to help […]

Halloween Horror Stories: Avoiding Common Retirement Pitfalls

  As the leaves change color and the air turns crisp, Halloween reminds us of the spooky and supernatural. But in the spirit of the season, here are some Halloween-themed retirement pitfalls we think could be scarier than ghosts and ghouls and could even haunt your financial future. In this bone-chilling blog post, we’ll shed […]

Retirement Planning for Single Individuals: Strategies and Tips

  Retirement planning is an important endeavor, but it may present unique challenges for single individuals. In this guide, we’ll explore strategies and tips designed to help single individuals navigate their retirement planning journey with confidence. 1. Establish Clear Financial Goals for Single Retirement Planning The first step in retirement planning for singles is to […]

Navigating the Retirement Risk Zone: Tips for Saving During Crucial Years

Are you approaching retirement or already in the early stages of this exciting phase of life? The years just before and after retirement mark a critical period that requires careful planning and consideration. We believe this “retirement risk zone” is a period of transition that necessitates comprehensive planning encompassing monetary and non-monetary considerations. Here are […]

Preserving Your Legacy: Navigating Estate Planning

Estate planning can be critical to help ensure that your assets, values and wishes are protected and carried out after you pass away. This process involves making important decisions about the distribution of your assets, who will manage your affairs, and how your legacy will be preserved. From devising a thorough plan to considering the […]

Catch-Up Contributions: Exploring the Effective Retirement Savings Tool

Amid the ever-changing policies around retirement, it’s crucial to stay informed about the latest updates and identify the best strategies to help secure your financial future.  In recent years, catch-up contributions have gained traction as a means for individuals, especially those nearing retirement, to boost their savings. To make the most of catch-up contributions, it’s […]

Retirement Planning: Tips to Help Maximize Social Security and Other Considerations

By Shawn Stone, CRPC®, Retirement Planner for Retirement Planners of America Social Security has provided beneficial income to retirees in the United States since 1935. According to the Social Security Administration, about 50 million retired workers collected benefits in 2020 alone. At RPOA, we believe this is best utilized in conjunction with other means of […]

Tips For Funding IRAs And Understanding The Secure Act 2.0

Are you interested in funding an IRA? If so, are you aware of the current contribution limits and tax implications? There’s been quite a bit of legislation in the last few years affecting retirement savings. First was the Secure Act passed at the end of 2019. This sweeping legislation had lots of provisions. The legislation allows […]

‘Tis The Season For Tax Planning: Tips For The End Of The Year

By Shawn Stone As the year draws to a close, getting your finances in order is a great way to end on a high note and have a strong start for the new year. When the holidays approach and you’re in the festive spirit, it can be very tempting to put financial planning for the […]

New COLA rate and its impact in the New Year

By Shawn Stone A big question on seniors’ minds earlier this year was: How much of a e Social Security increase is coming in 2023? By mid-October, they had their answer. In 2023, Social Security benefits will be eligible for an 8.7% cost-of-living adjustment (COLA) based on third quarter inflation data. Social Security hasn’t seen […]

What Does Veterans Day Mean to You?

PLEASE NOTE: Statements made in this blog post are direct quotes from employees of Retirement Planners of America as of the date of publication. The views and opinions expressed by the quoted employee do not necessarily reflect the official position of Retirement Planners of America. Veterans Day is a day to recognize and express our […]