Let’s face it – saving for retirement can sometimes feel like a puzzle with missing pieces One question that often pops up is whether you can dump a large chunk of money into your Roth 401(k) all at once Maybe you received a bonus, sold some property, or have extra cash sitting around. Whatever the … Read more
Many people assume that when they tie the knot, their spouse automatically inherits everything if they pass away But is this really true? The answer might surprise you – and potentially save you from some serious legal headaches down the road The Quick Answer: No, Not Always Contrary to popular belief, a spouse is not … Read more
Being named both an executor and beneficiary of an estate can feel like wearing two hats at once. It’s actually more common than most people think yet it comes with unique challenges and responsibilities. If you’ve found yourself in this position—or are considering naming someone to serve in both roles—you need to understand how these … Read more
If you dont properly protect your assets, they can potentially be lost in a lawsuit, bankruptcy, or to other creditor actions. Its important to understand the laws that can provide asset protection and to know what measures you can take to protect your savings. Are you worried about potential creditors coming after your hard-earned money? … Read more
Have you ever wondered how your super compares with people your age? Use this guide from the Association of Superannuation Funds (ASFA) to see if your super is on track with the average account balance across your age group and gender. Ever wondered if your retirement nest egg is on track? You’re not alone As … Read more
When calculating your net worth, you might wonder whether to include your pension. It’s a common question that doesn’t have a one-size-fits-all answer. As someone who’s helped many clients understand their true financial picture, I can tell you that properly valuing a pension can dramatically change how you view your wealth. What is Net Worth … Read more
Let me tell you something that might change your financial future. I’ve been studying wealth-building strategies for years, and the difference between the rich and poor isn’t just about fancy cars or big houses. It’s about where they put their money. Today, I’m gonna break down what wealthy folks invest in that others don’t. And … Read more
As a strategic partner who helps clients navigate and grow in changing circumstances, Tina is responsible for the direct management of the Citizens Wealth Management financial planning and estate planning team, including a team of CERTIFIED FINANCIAL PLANNERS™, estate and tax planners, and trust officers. Most people look forward to their retirement, dreaming of a … Read more
NOTE: The Social Security Fairness Act was signed into law on January 5, 2025. As a result, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) have been repealed. This article reflects information prior to the repeal and may no longer be applicable. If you will be subject to the Windfall Elimination Provision … Read more
While inflation has been cooling, the higher prices of essentials are still weighing on household budgets after years of sticky inflation, and other economic hurdles and uncertainties are also looming, adding to the financial struggles people are facing right now. And, when you factor in the recent stock market downturns, which have been making even … Read more
