J. Hagan & Warren Wealth Advisors
Protecting Your Wealth
Why Seniors Face Retirement ‘Perfect Storm’ in 2013 An estimated 7 million Americans will reach the age of 65 by the start of 2013, and many will no doubt be thinking about retiring. But even if falling off the “fiscal cliff’ is avoided, some financial experts are warning anyone thinking about trading in their paycheck for [...]
The Internal Revenue Service isn’t usually a place that retirees turn for help with their financial planning. But it turns out the agency’s rules for required withdrawals from retirement accounts could provide a framework for retirees trying to calculate how much of their savings they can safely withdraw every year and minimize the risk of [...]
by Andrew Greer I am going to tell you something right now that will not surprise anyone reading this: We are going through incredibly uncertain times. We are in the middle of the most unpredictable economy we have experienced since the Great Depression. Over the past 12 years we’ve been through some pretty scary [...]
Investors’ 10 Most Common Behavioral Biases by Robert P. Seawright Barry Ritholz (of The Big Picture and a Sunday Business columnist at The Washington Post) recently contributed Investors’ 10 most common mistakes to The Washington Post Business Section quarterly investing section. It’s a commentary that he has been working on for a while — the ten topics are listed with links [...]
For those weighing what to do with the assets they have accumulated over a lifetime, the next few weeks may be time to make the final call. That’s because the current federal tax exemption on estates and gifts is set to roll back on Jan. 1, 2013, from $5.12 million to $1 million—the same level [...]
What is the last thing you were wrong about? If you can’t remember or have to think hard – don’t worry. That’s perfectly normal. Humans are conditioned to avoid being wrong. And even when we are wrong we will often fight tooth and nail trying to convince ourselves that we are right. It’s a natural [...]
High earners will be hit by tax hikes as the costs of ObamaCare kick in on Jan. 1. Here are four strategies for softening the blow. Basing investment decisions on forecasted tax changes is about as surefire a strategy as asking the Ouija board for stock tips. But whether the Bush tax cuts are allowed [...]
A single financial misstep right before retirement can mean the difference between peace of mind and constant money worries in later years. Misinterpreting a spouse’s retirement dreams, failing to plan for emergencies and spending too much are just a few of the mistakes folks approaching retirement may make. Below, financial advisers weigh in on how [...]
You really can hit the “pause” button on your Social Security retirement benefits—and if you do, it will increase their value later. Weekend Investor mentioned the “file and suspend” strategy in a recent cover story about new services that financial planners are starting to provide for their clients, including Social Security counseling. Growing numbers of [...]
New Investment Tax Slated for 2012 The recent Supreme Court health-care ruling paves the way for a 3.8% tax on investment income. Through the end of 2012, the Bush tax cuts are locked in. But unless Congress takes action and the president approves (whoever he happens to be at the time) those breaks will expire, [...]
