Posts Tagged With ‘ retirement ’

Living The Dream Thriving in Your Golden Years: 3 Essential Strategies By Jeremy Reif, CRPS®, Financial Advisor and Owner of Point Wealth Management We work so hard to get to that incredible retirement milestone we have dreamed about for years. But once we get there, then what? There’s no doubt it’s important to plan for the financial aspect of retirement, but we can’t stop there. If you want your retirement to live up to your dreams, you need to plan for what happens when you actually cross the retirement finish line. Here are some ways to help you live well in retirement, whatever that... Continue Reading

Navigating the Five Financial Phases of Retirement By, Jeremy Reif, CRPS When we’re in our working years, we think of retirement as this vague future event. We plan for retirement, save for retirement, and dream of retirement, but we often approach it as one single phase of life. But these days, since we are living longer than ever before, our retirement could span 30 years or more. Depending on when you started your career, that’s not much less than the time you spent working.[1] The journey to and through retirement occurs gradually, like successive chapters in a book. Each chapter has its... Continue Reading

Don’t Derail Your Retirement Unraveling Three Common Misconceptions That Can Sabotage Your Retirement Dreams By, Jeremy Reif, CRPS Retirement is arguably one of the most popular topics in the personal finance world. There is a glut of information about when to start saving, what the best strategies are, and how much you’ll need. If you do a simple search on the topic of retirement calculators, you’ll have plenty of options to choose from! Unfortunately, a lot of the advice can be contradictory or overwhelming or even flat-out wrong. We are told that we need X amount for a 20-year retirement,... Continue Reading

  Which One Should I Make My Next Contribution Into? Roth Ira Or Traditional? Choosing Between Traditional and Roth IRA Contributions: Which is Right for You? By, Jeremy Reif, CRPS Traditional vs. Roth has been debated since the Roth IRA arrived in 1998.  This is almost like the age-old question, what came first, the chicken or the egg?  When should you pay your taxes, now or later? Heck, even CPAs and investment professionals will give you different answers.  The common public only wants a simple yes or no when it comes to which account to use.  The most common answer from professionals is... Continue Reading

Navigating Retirement Taxes Strategies for Reducing Retirement Taxes By, Jeremy Reif, CRPS Are you one of those people who says you will worry about taxes later? Better yet, you will move to a state where you do not need to pay taxes on your retirement money.  If so, this article is for you. Retirement is a phase of life that many look forward to. This stage of life brings new challenges, especially in the realm of financial planning and tax management. Understanding how taxes work in retirement is crucial to maximizing your income and ensuring your savings last. Explore key strategies and considerations... Continue Reading

For years, I’ve wanted to know the answer to this question. What would I do with all my free time once I no longer had deadlines and commitments? Would I go “totally ’round the bend” as my Australian friend, Bernice, used to say. Would I diligently take up one of the many causes I am drawn to and make it my life’s work? Would I start a business, write another novel, or just flake out and start sleeping 12 to 14 hours a day? Possibly all of the above? Celestial — Spirit House On 2/29/24 I leapt into my future, joining the ranks of the recently retired. I can’t say I’ve fully... Continue Reading

Ai Investing Strategies Explore AI Investing Strategies to Transform Your Financial Portfolio By, Jeremy Reif, CRPS Artificial intelligence (AI) is making a large impact on many industries in a very short amount of time.  This may be the modern-day equivalent of an industrial revolution.  How this will affect the world of finance is a story that is continuing to unfold in the present time. For the time being, trusting AI to pick investments or do your financial planning, it is advised to use caution as AI is new to the industry.  Most AI is looking back at historical data.  Some services rely... Continue Reading

Social Media Influencer Understanding Financial Influencers and the Need for Caution by, Jeremy Reif, CRPS This is the tale of the double-edged sword of financial advice.  Financial influencers are gaining a lot of traction on social media.  The landscape in the next few years will drastically change because of influencers and the development of artificial intelligence in this space.  This will increase the need to navigate all financial advice with caution. In the digital era, financial influencers have become a significant force in shaping investment behaviors and personal finance decisions.... Continue Reading

Minimize Taxes Navigating Retirement and Taxation: Strategies to Minimize Taxes by: Jeremy Reif, CRPS Retirement is different for everyone.  The commonality is that retirees face a significant change in their financial landscape.  Minimizing taxes can have one of the largest effects on retirement and is the biggest key to watch. Understanding the tax implications of your retirement income is crucial for maintaining your financial health. This article will explore how income is taxed during retirement, strategies to minimize your tax burden, and tips for staying compliant with IRS rules. Understanding... Continue Reading

Successful Retirement or Tax Trap; Will You Be The One Who Pays More In Tax During Retirement? by: Jeremy Reif, CRPS If you are/were successful in your career and saved enough to retire, congratulations!  The Internal Revenue Service (IRS) would also like to thank you.  If you knew the tax trap existed, you might not have known its full extent.  This article is focused on the hidden tax trap, which mostly affects the middle class and up. People tend to forget that the government is around indefinitely; we are only here temporarily.  How does that old saying go? There are only two things that... Continue Reading