19 Ways Congressional Tax Action (or Inaction) Could Hit Your Wallet
by Christie Whitney, CFP®Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income. 19 Ways Congressional Tax Action (or Inaction) Could Hit Your Wallet by: Ron Lieber and Tara Siegel Bernard At the end of February, the House of Representatives passed a budget calling for up to $4.5 trillion in tax cuts over… Continue reading
Seven Lessons for New Retirees, From a New Retiree
A former Kiplinger editor shares financial lessons from his first year of retirement. Seven Lessons for New Retirees, From a New Retiree By Mark Solheim, August 21, 2024 I retired as editor of this publication a year ago, and although I miss the writers and editors I worked with for many years — and the… Continue reading
The 401(k) Rollover Mistake That Costs Retirement Savers Billions
WSJ Columnist Jason Zweig, as he returns from a lengthy sabbatical, excellently illustrates Rebalance’s tried and true mantra: think long-term and turn off the “noise”. The 401(k) Rollover Mistake That Costs Retirement Savers Billions Much of the money moved into IRAs misses out on market returns By Anne Tergesen, July 22, 2024 Workers miss out on… Continue reading
Roth IRAs Can Transform Your Retirement Planning
by Christie Whitney, CFP®Savers maxing out their 401(k) plans are likely to hear about one strategy preached endlessly: open a Roth IRA or get taxed to death in retirement. It can get overblown, but there is a kernel of truth here. Having tax flexibility in your later years is a gift that keeps on giving. That is because… Continue reading
Artificial Intelligence and the Rise of the Machines (in Your Portfolio)
by Christie Whitney, CFP®The era of Artificial Intelligence is here, and boy are people freaking out. AI is the application of mathematics and software code to teach computers how to understand, synthesize, and generate knowledge in ways similar to how people do it. AI is a computer program like any other – it runs, takes input, processes, and… Continue reading
What I Learned When I Stopped Watching the Stock Market
WSJ Columnist Jason Zweig, as he returns from a lengthy sabbatical, excellently illustrates Rebalance’s tried and true mantra: think long-term and turn off the “noise”. What I Learned When I Stopped Watching the Stock Market Over-reacting to the news can poison your portfolio and sour your life. Here’s how to keep your investment plan on track.… Continue reading
A Simple Way to Get Workers to Save More for Retirement
Discover an approach to retirement savings that balances convenience with individual choice, offering insights into strategies for boosting retirement preparedness. In this Wall Street Journal article, Shlomo Benartzi’s proposal of automated account setup sheds light on a nuanced solution to increase retirement savings rates. A Simple Way to Get Workers to Save More for Retirement… Continue reading
The Value in Automating Required Minimum Distribution Payments (RMDs)
by Christie Whitney, CFP®As we approach the end of 2023, it is important to look at one’s entire financial picture and decide if any actions must be taken to optimize one’s finances in the coming year. One such action that our Rebalance team prioritizes is reminding our clients ages 72 and over to automate their RMDs. You might… Continue reading
Four Lucrative Tax Deductions That Seniors Often Overlook
Attention seniors: there are several tax deductions available that can greatly affect one’s financial planning at year end. This Wall Street Journal article explains each of these tax breaks, and how to go about taking advantage of them. Four Lucrative Tax Deductions That Seniors Often Overlook There are a host of tax breaks available to… Continue reading
