One Of The Few Gifts From The IRS A Qualified Charitable Distribution (QCD), available at age 70 1/2, is one of the best tax gifts that the IRS has given you. If you are age 72 or older, IRS rules require you to take required minimum distributions (RMDs) each year from your tax-deferred retirement accounts.…
Have a question about Social Security? Send your questions to Greg at Greg@2ndHalfWealth.com Q: I recently spoke with the Social Security Administration. They declined my application for Spousal Benefits. They told me the law changed in 2005 and now requires individuals to be born prior to 1954 to qualify. I am 66 and my husband…
May your days be filled with peace, hope, and joy this holiday season. As always, thank you for your business, loyalty, and support. Sincerely, All of us at Wealth Advisors Holiday Schedule We will be working from home on Friday, December 22nd, and will close early for Christmas at 2:00pm. We will…
Have a question about Social Security? Send your questions to Greg at Greg@2ndHalfWealth.com Q: I heard that delaying my Social Security could increase my benefit as much as 8% a year. Is that true? A: Yes, it is. After your Full Retirement Age, it increases 8% per year, not including any COLA. Prior to…
Silent Night is one of the most famous songs ever written. In fact, it’s officially considered a national treasure in Austria. But the origins of Silent Night are surprisingly humble. Silent night, holy night, All is calm, all is bright It was on a Christmas Eve night in 1818 that a young priest named Josef…
Words That Have Changed Me Forever Let’s talk about Memorial Day… When I was young, I remember family get-togethers and barbeques on Memorial Day. I know others take the time to visit cemeteries, pour over old photographs, or read the stories of those who died serving our country. We didn’t really do these things. As…
Let’s Celebrate! Way to Go! YOU MADE IT to May 17th! Most likely either you completed filing your taxes OR you filed an extension. Now you can relax for a little while. The last step is to get those old documents shredded that you no longer need to keep. You have 9 days. Register here…
We Are Broke! On April 15, 2021, the Truth in Accounting website updated it’s “Financial State of the Union 2021.” The website reported the financial condition of the United States deteriorated by almost $10 trillion dollars in one year. Our government has around $6 trillion in assets to pay $129 trillion in bills. We Are…
We NEED ALL The Women Out There! Happy Mother’s Day! I’ve been thinking about my mom, Anne, lately as I run my business. This picture is of her in her early twenties. She passed away almost a decade ago, but a day doesn’t go by that I don’t think of her. You see, as a…
Current Lifestyle Tube This tube supplies the cashflow necessary for you to pay for all the things that make up your standard of living. Those things could include cars, house, education for your children, food, clothing, vacations, entertainment, and everything else we spend our money on that we call life. The key thing to understand…