by SDP Team | Feb 1, 2024 | Financial Principles To Live By
Do you need a life insurance policy in retirement? One school of thought questions this decision. Perhaps your kids have grown, and the need to help protect the household against the loss of an income-earner has passed. If you are thinking about dropping your coverage...
by SDP Team | Feb 1, 2024 | Financial Principles To Live By
Tax-loss harvesting means taking capital losses (selling securities for less than what you initially paid for them) to offset any capital gains you may have. While this doesn’t get rid of your losses, it can help you manage your tax liability. Keep in mind that...
by SDP Team | Feb 1, 2024 | Financial Principles To Live By
Joint Ownership Durable Power of Attorney Living Trust What does it do? Enables you to own property jointly with another person Authorizes someone to handle legal and financial decisions if you become incapacitated Holds your belongings until your death Can it...
by SDP Team | Feb 1, 2024 | Financial Principles To Live By
Age 50 At age 50, workers in certain qualified retirement plans are able to begin making annual catch-up contributions in addition to their normal contributions. Those who participate in 401(k), 403(b), and 457 plans can contribute an additional $7,500 per year in...
by SDP Team | Feb 1, 2024 | Financial Principles To Live By
Social Security is a critical component of the retirement financial strategy for many Americans, so before you begin taking it, you should consider three important questions. The answers may affect whether you make the most of this retirement income source. When to...
by SDP Team | Feb 1, 2024 | Financial Principles To Live By
According to the most recent information available, Americans have individual life insurance with a total face value of $14 trillion.1 Due to a variety of factors, these individuals may find themselves in circumstances where the specific life insurance policy or...
