by Hans E. Scheil | Dec 14, 2020 | Social-Security
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...
by Hans E. Scheil | Dec 14, 2020 | Income Taxes
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...
by Hans E. Scheil | Dec 14, 2020 | Life Insurance and Legacy
In retirement, you are transitioning to a new phase of life. Your need for life insurance will be transitioning as well as you go from the working and family rearing years to the empty nest years. You need life insurance no matter what phase you are in, even if it is...
by Hans E. Scheil | Dec 13, 2020 | Assets
In retirement, you are moving from the accumulation years to the spending years. You’ve put money away your entire working life for retirement and now you need a plan for how to make this money an income. Annuities are one place to put your money in retirement. Not...
by Hans E. Scheil | Dec 10, 2020 | IRA
Many people, especially in retirement, choose to give some of their savings to charities that are close to their hearts.Whether that is weekly tithings to the church, monthly recurring donations to your alma mater, or holiday giving at the end of the year, if you are...
