Currently browsing:

Gifting Strategies for the Holidays: How to Gift Smartly and Reduce Estate Taxes
November 4, 2024

The holiday season is not only a time for celebration but also a valuable opportunity to review your financial and estate planning strategies. Smart gifting allows you to provide for loved ones while reducing the taxable value of your estate, benefiting both you and your recipients. These tips can help…

Read More

Eased Inflation Brings Some Relief, but Financial Challenges Persist for Many Workers
October 14, 2024

Recent data shows that easing inflation and an improving economy have provided some relief for working individuals. However, many still face obstacles when it comes to achieving their financial goals. According to a new survey from Goldman Sachs, while the impact of the “financial vortex” has lessened slightly, workers continue…

Read More

Get Ready Early: The Key to a Hassle-Free Tax Season
October 7, 2024

As the year comes to a close, it’s common for people to delay thinking about their taxes. However, getting started on your tax preparations early is essential for avoiding unnecessary stress and maximizing your tax benefits. Whether you’ve experienced significant life changes or just want to stay ahead, preparing early…

Read More

Avoiding Costly RMD Mistakes: What You Need to Know
September 17, 2024

Required Minimum Distributions (RMDs) are a crucial part of managing retirement accounts, yet they can be a source of significant blunders that may have costly consequences. Understanding the common pitfalls associated with RMDs is essential to protect your retirement savings. Here are seven common mistakes to avoid: 1. Missing the…

Read More

Understanding the Impact of the 2025 Social Security COLA on Your Retirement
September 9, 2024

The Social Security cost-of-living adjustment (COLA) for 2025 is anticipated to be 2.6%, a modest increase that reflects the current economic environment. While this adjustment is intended to help beneficiaries keep up with inflation, it’s essential to understand its potential impact on your retirement income and whether it will meet…

Read More

Financial Planning for People Without Children
August 12, 2024

Financial planning is a deeply personal process, and the approach for those who don’t plan to have children can be markedly different from that for those with children. Without the need to save for college tuition or leave a financial legacy for offspring, priorities and goals often shift, allowing for…

Read More

What is Holistic Financial Planning?
August 5, 2024

When it comes to finances, a lot can happen in a short amount of time. Because different areas of your life—financially and otherwise—are interrelated, what happens in one area will impact another area. That’s why focusing on just one goal can often undermine your overall long-term strategy. Holistic financial planning…

Read More

How Debt Can Force Difficult Decisions for Retirees
July 15, 2024

Bankruptcy is often viewed as a last resort for those facing severe financial difficulties. But what if you’re 80 years old, saddled with over $100,000 in medical debt, and solely reliant on Social Security? The choices are far from simple. Some seniors opt to carry their debt to the end…

Read More

Leaving a Home to Your Children Isn’t Always the Best Idea
July 8, 2024

Deciding what to do with your property after you pass away is a crucial part of estate planning. While leaving your house to your children might seem natural, it’s not always the best decision. Various factors could make this choice less advantageous or even problematic for your heirs. From financial…

Read More

Three Crucial Tax Rules for Retirees
June 10, 2024

As retirees begin a new chapter in their lives, understanding tax rules is essential for effective financial planning. The last thing you want is a surprise at tax time in the spring! If you’re preparing to retire in the next few years, it’s vital to understand how your tax situation…

Read More

Have questions? Need assistance?

Use the form below to schedule an appointment.

    Call 877-281-8282 or email kevin@infinitewealthadvisors.com to speak with an agent.