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Nov 26, 2024 | 
financialsymmetry.com | Grayson Blazek |Mike Eklund |Chad Smith |Allison Berger
Early retirement presents unique financial planning challenges, particularly regarding health insurance and tax strategies. For people who retire before age 65, finding affordable and adequate health insurance adds another layer of complexity to their financial plans. The ACA and Health Insurance for Early RetireesBefore reaching the Medicare-eligible age of 65, early retirees find themselves navigating a limited selection of health insurance options.
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Nov 13, 2024 | 
financialsymmetry.com | Chad Smith |Grayson Blazek |Matthew Schulman |Allison Berger
An inherited IRA is essentially an IRA received by a beneficiary after the original owner passes away. Whether it’s a spouse, child, or another loved one, the key characteristic of an inherited IRA is that it transitions ownership upon death. As Grayson Blazek explains, the funds are transferred intact, but the way you handle and withdraw these funds comes with specific rules and timelines. Grayson and Matthew dig into the new rules in this episode.
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Sep 10, 2024 | 
financialsymmetry.com | Chad Smith |Grayson Blazek |Allison Berger |Angela Keeley-White
Retirement planning is a delicate process, and you need to carefully consider your various income streams, including Social Security benefits. For those of us who plan to continue working during retirement while claiming Social Security, it’s important to understand how this decision can impact the monthly benefits you receive. In this episode, we’re sharing how to avoid financial shocks in retirement.
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Jun 24, 2024 | 
financialsymmetry.com | Grayson Blazek |Allison Berger |Angela Keeley-White |Bill Ramsay
When considering your retirement income plan, Social Security will be one of the sources you rely on. For some, this may be all their income, while for others, it will be just part of what they will live on in retirement. While much consideration is placed on when the optimal age to claim is, have you ever wondered how your Social Security benefit is calculated? There are two main criteria for determining your eligibility and calculating your Social Security benefit amount, which we explore below.
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Jun 3, 2024 | 
financialsymmetry.com | Chad Smith |Grayson Blazek |Allison Berger |Angela Keeley-White
So today we’re diving in to a specific path that many retirees consider as they move away from the “corporate” world and enter their second act – which is starting a business. With increased life expectancy, cost of living increases and a desire for continued fulfillment, many retirees are excited to begin a new experiment in an area they are passionate about.
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May 13, 2024 | 
financialsymmetry.com | Grayson Blazek |Allison Berger |Angela Keeley-White |Bill Ramsay
Whether your tax documents are filed away or in a folder on your desktop, you may be wondering, “Just how long do I really need to keep all of this?” As with many tax topics, the answer is: it depends! The length of time you should maintain tax records depends on your personal tax situation and can vary depending on the actions, expenses, or events that are included on your returns. General RecommendationsFor most returns, the IRS statute of limitations for auditing a tax return is three years.
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Jan 15, 2024 | 
financialsymmetry.com | Chad Smith |Grayson Blazek |Allison Berger |Angela Keeley-White
As part of our efforts to bring you actionable strategies to help you reach your ideal retirement, we’re tackling a complex question today. If you have rollover IRA accounts, and have wondered if you should roll these to your 401k, this episode is for you. Today we walk through five considerations you should think through before you implement a backdoor Roth strategy.
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Dec 4, 2023 | 
financialsymmetry.com | Grayson Blazek |Allison Berger |Angela Keeley-White |Bill Ramsay
Do you have access to your Company’s Employee Stock Purchase Plan (ESPP)? Beyond your base pay, bonuses, and potential for stock compensation, participating in an ESPP is potentially a great opportunity to enhance your overall compensation package. Prior to enrolling, it is important to consider your personal financial situation and the terms of the plan.
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Oct 23, 2023 | 
financialsymmetry.com | Grayson Blazek |Allison Berger |Angela Keeley-White |Bill Ramsay
It is that time of year again! As we approach the holiday season, many employers will open their employee benefits enrollment period for the year ahead. Are you prepared to take full advantage of the benefits that are offered? Beyond your base pay, understanding and taking full advantage of the benefits your employer offers is an important step in maximizing your overall compensation package.
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Sep 5, 2023 | 
financialsymmetry.com | Will Holt |Allison Berger |Grayson Blazek |Chad Smith
When reaching out to a financial advisor, people are looking how to save more, invest better or reduce taxes. While a financial plan can be a great start in answering these questions, there are limitations to creating a one-time financial plan. In this episode, a few of our wealth advisors break down how wealth management works from the tax planning, retirement planning and risk planning perspectives. What is Wealth Management?
