by Joe Allaria CFP®, MBA | Aug 23, 2024 | Article, Retirement Planning
Can I Retire at 60 with $1 Million Dollars? Key Takeaway: Yes — if you spend carefully, manage withdrawals wisely, and adjust for longevity and market swings, retiring at 60 with $1 million can work, depending on your lifestyle and expenses. Retiring with a million...
by Joe Allaria CFP®, MBA | Jul 16, 2024 | Article, Retirement Planning
Semi-Retirement and How it Can Benefit You Key Takeaways: Phasing into retirement with a “semi-retirement” stage — reducing work hours instead of quitting cold turkey — can ease financial and emotional transitions while still generating income. Keeping some earnings...
by Joe Allaria CFP®, MBA | Nov 30, 2023 | Article, Retirement Planning, Tax Planning
2024 IRS Cost of Living Adjustments Key Takeaway: The 2024 IRS cost-of-living adjustments raised contribution and income thresholds — meaning you can earn or save more before hitting tax limits. The IRS has released its 2024 cost of living adjustments, which include...
by Joe Allaria CFP®, MBA | Jan 13, 2023 | Article, Retirement Planning, Tax Planning
Secure Act 2.0: Top 10 Changes Secure Act 2.0 has been passed and continues to build upon retirement legislation that was passed in the original Secure Act of 2019. The bill is filled with dozens of changes to previous retirement law and provisions will be phased in...
by Joe Allaria CFP®, MBA | Jan 9, 2023 | Article, Retirement Planning
Social Security Loopholes The Bipartisan Budget Act of 2015 made what some would consider significant changes to a few key Social Security filing strategies. Specifically, the legislation removed some well-known Social Security loopholes that were used by many to...
by Joe Allaria CFP®, MBA | Nov 26, 2022 | Article, Portfolio Management, Retirement Planning, Tax Planning
Year-End Strategies to Lower Taxes & Optimize Investments When a new year is approaching, that means the window for certain opportunities is closing. Taking advantage of a few simple year-end strategies can help save you taxes and increase your bottom line. The...
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