cmouchet's blog

Four Ways to Plan Ahead for Social Security’s 2022 Cost-of-Living Adjustment

On October 13th, the Social Security Administration announced a 5.9% cost-of-living adjustment (COLA) that will take effect in January 2022.  This announcement could be welcome news for many retirees, while it could be less impactful for others due to rising living costs.

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Four Ways to Use “Excess” RMDs

If you expect your Required Minimum Distribution to exceed your expense needs in 2021, consider these four ways to put your extra proceeds to use before year-end.

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Retiring Soon? Ask Yourself These Four Questions about Your Charitable Giving

If charitable giving will be an important part of your retirement, here are four questions to ask yourself as you approach giving in this next phase of life.

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Elements of Retirement: Home

The Home element encompasses more than just the physical structure where we reside.  Our memories, desires, and goals can all influence how we approach our housing choices.

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Signing Up for Medicare Soon? Keep These 3 Rules in Mind if You Own a Health Savings Account

If you are nearing Medicare enrollment and own a Health Savings Account, keep these three rules in mind to ensure you make the most of your HSA while avoiding potential Medicare enrollment pitfalls.

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The Olympics and Lessons on Longevity

Of the 613 U.S. athletes competing in the Tokyo Olympics, one athlete holds a unique spot deserving special recognition as the oldest member of Team USA.  Phillip Dutton, the 57-year-old equestrian, will be competing in his 7th Olympics for his 4th medal.

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Know the Key Ages for Your Social Security Decisions

Social Security is an important bucket of income for many retirees. Here are a few key ages to keep in mind as you consider your optimal timing to begin receiving benefits.

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Add to Your Legacy through Your Travel

Many retirees consider travel as one of their most enjoyed activities.  The love of travel can therefore become an important part of legacy planning as an expression of values and priorities. Conde Nast Traveler magazine recently featured a story about a couple who passed down their passion for travel to their family in a meaningful way.  Read on to hear their story from the perspective of their granddaughter.

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Your IRA Could be a Great Source for Charitable Giving in Retirement

During their accumulation years, many givers earmark a portion of their cash earnings for charitable purposes.  But how should retirees think about generating income for charitable purposes when their cash flow comes from multiple income sources such as Social Security, pensions, deferred compensation plans, or Required Minimum Distributions (RMDs)?

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Your Home Equity in Retirement

A home equity line of credit could be a helpful temporary source of liquidity for extra cash needs in retirement, especially for retirees who generate most of their income from tax-deferred accounts like a 401(k) or IRA.  Here are four common scenarios where this line of credit could make sense.

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