The Complete Cardinal Guide
TO PLANNING FOR AND LIVING IN
RETIREMENT
WE HELP YOU EMBRACE THE 7 WORRIES IN RETIREMENT
The 2 Paths of Medicare Explained
When it comes to Medicare coverage, there is a fork in the road: you either have to go left or right. There are 2 coverage options you can choose from. While you can rethink this decision every year, you can only be on one path at a time. Neither path is “good” or...
Understanding your Social Security Statement
In the past, Social Security statements were mailed to beneficiaries every few years, giving them updates on their benefits. Now, statements are updated yearly, and beneficiaries can access them at any time online. Your Social Security statement provides valuable...
2021 Taxes for Retirees Explained
When most people think of retirement, they are not thinking about taxes, but almost all forms of retirement income are taxed. With Tax Day around the corner, we want to give you a breakdown of tax brackets, standard deductions, and how retirement changes your tax...
Yours, Mine, and Ours: Estate Planning and Life insurance for Second Marriages
Estate planning in retirement is critical to finishing well. It guarantees the people you love are taken care of after you die. Estate planning for blended families is especially important. Starting this process can be complicated, hard, and emotional; no one wants to...
What does diversification mean, especially in retirement?
Diversification is a term thrown around a lot in discussions of investments, stocks, and money, but do you know what it really means? Like the meaning of the saying “don’t put all your eggs in one basket”, diversification is a form of risk management. What many...
Age 70 or 71? Where you should put your retirement savings now
In 2020, the Secure Act made sweeping changes to retirement savings, affecting not only how you can save but also how you can distribute these savings. Right as the Secure Act went into effect, the Cares Act was passed as a response to the Coronavirus. The Cares Act...
Planning on self-insurance for long term care? What that means for you and your family
The Federal Interagency Task Force on Long-Term Care Insurance recently found that only 10% of people who could purchase some form of long term care insurance actually hold a policy. That leaves 90% of people self-insured against long term care, meaning they are...
Medicare Advantage Open Enrollment Period: Can I still change my Medicare coverage?
Every fall, the Medicare Annual Enrollment Period allows seniors to prepare their Medicare coverage for the upcoming year. This is the Medicare enrollment period most beneficiaries are familiar with, as every aspect of Medicare coverage can be adjusted. There is...
Social Security Cost Of Living Adjustment (COLA) 2021: What it means for you
In January 2021, Americans will see an increase in their Social Security benefits. Most years, Social Security beneficiaries receive what is called a COLA, or a cost of living adjustment. How much is the increase and why is important? Read on to find out! What was...
How Required Minimum Distributions Increase your Taxes in Retirement
In retirement, you are on a limited budget. You are living off your life savings and your Social Security check. Any unexplained increase in your tax bill could dramatically affect your finances and cause you to outlive your money. RMDs, or required minimum...
