Retirement
Turning Your Nest Egg into a Retirement Paycheck
The 6-5-4 Retirement Bucket Strategy One of the most common questions we hear from pre-retirees is: “How do I turn my retirement savings into reliable income?” At Paradigm Wealth Partners, we use a simple but...
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How to Turn a Beneficiary IRA into a Tax-Free Retirement Strategy
How We Turned a $52,000 Beneficiary IRA into a Tax-Free Retirement Strategy Introduction: The Power of Strategic Planning John inherited a $52,000 IRA from his mother at age 47. Like many beneficiaries, he followed the...
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Do I Need Long-Term Care Insurance?
Do I Need Long-Term Care Insurance? While our lifespans continue to increase, there is a gap between lifespan and health span. Those who live longer often need more care than those who die younger. And...
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The Basics of Social Security
By 2030, just six years from now, every Baby Boomer will be 65 or older—all 73 million of them. You become eligible to begin receiving Social Security benefits at age 62, so if you’re not...
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The Power of Catch-Up Contributions: Accelerating Retirement Savings After 50
Why consider catch-up contributions? Ask 100 financial advisors how much money you need to retire, and you’ll get 100 different answers. There are so many variables between people; lifestyle, health, location. And there are so...
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The Secure Act 2.0 and Its Impact on Your Retirement
The Secure Act 2.0 and Its Impact on Your Retirement With the clock ticking fast on 2022, President Biden signed the omnibus spending bill into law on December 29, 2022. Part of that bill includes...
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Stuck in the Middle: The Sandwich Generation
Stuck in the Middle: The Sandwich Generation Parenting children of all ages has its challenges, but research shows that children aged 12 to 14 are the most difficult. Unfortunately for some parents, this difficult age...
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Are Qualified Charitable Distributions Right for You?
Are Qualified Charitable Distributions Right for You? It’s always great when you find a tool that can do two jobs at once. Do you want to save on taxes? Is charitable giving one of your...
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How to Maximize Your Impact with a Donor-Advised Fund
Many of us have causes that we care about and charities that we want to support. And it’s been found that making charitable donations, be they donation of your money or your time, makes us...
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