Blog

Retiring with ample wealth is a goal we all share, and saving our cash is a common strategy to achieve a carefree retirement. But is it possible to over-save for your golden years? The answer could surprise you. 

In a world where technology is rapidly advancing, many are turning to virtual advisors for things like retirement planning. But is this a sustainable long-term solution? Let's find out! There's no doubt that technology has become an...

If you're approaching retirement, you're likely exploring avenues to fine-tune your financial strategy.  One option worth considering is the Self-Directed Individual Retirement Account (SDIRA). While traditional IRAs and 401(k)s...

Navigating investments at any stage in life can be complex, but as retirement approaches, the stakes become even higher. During retirement, the main goal is to minimize risk, generate income, and protect your assets from inflation. So...

You might be familiar with Required Minimum Distributions (RMDs) if you're approaching retirement. However, the rules surrounding RMDs are changing, and this might leave you wondering, what's next? The biggest change is a 3-year...

Picture your financial journey as a scenic hike up a challenging mountain. Just as climbers prepare with practice hikes, gear, and their safest route, retirees must also meticulously plan for the ups and downs of their retirement journey.

Planning for healthcare in retirement can be daunting, as it often comes with substantial costs that need careful consideration. To navigate this complex landscape, you need the right strategy. Here's how you can secure a financially stable

Renewable energy has garnered widespread popularity across various industries, sparking innovation and sustainability. What is we approached wealth-building with a similar mindset?

Creating intergenerational wealth is a goal many retirees aim to achieve. However, with the wealth landscape undergoing a seismic shift, it's leaving many investors feeling unprepared. Here’s how you can get organized.

Managing your money effectively during retirement requires a combination of strategic decisions and a solid financial plan. Let’s explore some key strategies to help you maintain financial control throughout your golden years.

September is National Preparedness Month, a great reminder of the importance of preparing for unexpected events. Whether you face natural disasters or sudden health setbacks, it’s essential to have a plan. Here’s what you need to know.

The state of Connecticut has a lot to offer retirees. If you’re considering retiring here, you’ll need a well-thought-out plan. Here’s what you need to know.

Unlocking additional income streams during retirement is not only about financial security but also about embracing newfound passions and experiences.

As America continues to age, the financial landscape evolves with it. This demographic shift, often dubbed the "silver tsunami," brings unique challenges and opportunities to wealth management.

The current health and economic crisis has a severe impact on women’s financial and retirement security. Here’s why a number of other financial priorities can get in the way and how to overcome them.

Retirement presents a distinctive challenge for business owners and leaders: ensuring their organization's continuity and prosperity. This is where succession planning becomes crucial. Succession planning is identifying and...

Retirement is a milestone that many people eagerly anticipate, and attaining a sizeable nest egg is the goal for many. Even with substantial savings, it is crucial to manage retirement risks effectively to protect and grow your nest egg.

You’ve made it to retirement, the golden phase of life when you can finally relax and pursue hobbies, travel, spend time with loved ones, and embrace a slower pace. However, being retired doesn't mean the end of financial planning. 

Building a solid retirement portfolio is essential for several reasons. Below will help you understand the fundamentals of building your retirement portfolio and the critical investments that can make it robust and sustainable.First...

Amidst the excitement and anticipation of retirement, it is crucial not to overlook an essential aspect of retirement planning: estate planning. 

Retirement marks a significant turning point in our lives, representing the culmination of years of hard work and the beginning of a new chapter. However, ensuring financial security during this phase is paramount. For retirees, having...

Retirement is a huge milestone, symbolizing the shift to a chapter of tranquility and leisure. As we bid farewell to the demands of the working world, retirees need to safeguard their financial well-being to ensure a comfortable lifestyle.

Retirement presents a unique opportunity to de-stress, revel in the fruits of your labor, and leave a lasting impact on the world through charitable giving.It’s a time when many retirees aspire to create a legacy of generosity,...

Inflation continues to be a significant concern for investors worldwide as consumer prices rise, and many are searching for ways to address it. You're not alone if you're among those looking for a solution.Many investors seek...

Retirement is an exciting phase of life that allows you to enjoy the fruits of your labor and pursue your passions. However, your retirement dreams can quickly become nightmares without proper planning.Retirement planning involves...

Retirement is when most people look forward to enjoying their golden years and living on their terms. However, it can also be a time of financial uncertainty if you have yet to plan for it properly. With the right retirement...

Planning for retirement can be overwhelming, primarily when investing your hard-earned savings. While there are countless formulas and strategies, taking a step back and considering the big picture is essential.This blog will review...

For high-net-worth individuals looking to safeguard their assets and ensure their legacy lives on, estate planning is paramount. One effective tool that can aid in achieving these goals is a trust. In this blog, we'll delve into the...

As a retiree, you have worked hard to accumulate a significant nest egg over the course of your career. However, as you move into retirement, you must navigate a series of financial requirements designed to ensure that you are using your sa

Retirement is a highly anticipated phase of life, yet it often comes with financial challenges.Preparing for retirement has become more demanding, given the increased risks and rising costs associated with healthcare, housing, and...

With the tax filing deadline of Tuesday, April 18th, quickly approaching, retirees must plan their taxes carefully. Having a solid tax plan in place is essential to maximize retirement income and avoid any unexpected tax liabilities....

Estate planning may not typically rank high on a person's priority list, but it is crucial to create a plan for the benefit of your family's future and your peace of mind. Continue reading below to discover how to safeguard your assets...

As we celebrate Financial Literacy Month in April, it's an excellent time to reflect on the importance of retirement planning. At Agemy Financial Strategies, we understand that retirement planning can be intimidating. To help you,...

As you approach retirement, protecting your wealth becomes increasingly important. After all, you've spent decades building up your nest egg, and you want to ensure that it lasts as long as you do. After years of hard work, you've...

Spring is the perfect time to take a fresh look at your finances and make some changes that can help you achieve your financial goals. 

Women often put estate planning on the backburner to cater for more immediate needs, but this could have serious financial consequences for you and your family's future.

Don't leave your retirement income to chance this St. Patrick’s Day; take control of your financial future by planning Social Security into your retirement plan.

Over the next two decades, an enormous amount of wealth is set to change hands as baby boomers pass on their accumulated assets to their adult children in Generation X and millennials. In fact, it's estimated that this Great...

Setting up a good nest egg may seem intimidating, but there are steps you can take to make the process painless.

Long-term caregiving can be a challenging, yet rewarding experience. As a caregiver, you play a critical role in providing support and assistance to a loved one who is unable to care for themselves. While it can bring a lot of joy...

Wealth management is a critical aspect of retirement planning. In this blog, we will explore why wealth management is an important aspect of retirement planning and how it can help couples in Colorado and Connecticut achieve their financial

Inheriting wealth and managing an estate can be a complex and emotional process. It is important to remember that inheriting wealth is not just about the money, but also the responsibility that comes with it.One of the most important...

In our ever-changing world, financial literacy is more important than ever. There are so many ways to learn about money—from your parents, your teachers, and the internet—but what's most important is that you take it...

It’s almost that time of the year… tax season. For the vast majority of Americans who aren't tax-savvy, dealing with it can be overwhelming. Here's our top tips to make this year's tax returns as stress-free as...

Big changes are likely coming for Americans' retirement savings. From RMD changes to 401(k) financial incentives, here's what you need to know.

Over the last couple of years, we have realized how important it is to be financially prepared. Financial preparedness is all about setting goals, but how often are these goals being reached? When it comes to financial goal...

Our firm exists for the purpose of helping people achieve their personal and financial goals. Our philosophy is to deliver quality financial programs and teach principles for successful living. Here's a look back at 2022 and what to expect

Having a comprehensive retirement plan is one of the most important ways to help ensure financial freedom. But don't forget to include an Estate Plan.Retirement planning paves the way for achieving life goals, managing medical...

“Before anything else, preparation is the key to success” - Alexander Graham BellThere are some key economic indicators pointing to a recession in 2023. The most prominent being the Fed’s decision to continue to raise...

Many Americans nearing retirement may think they have all their I's dotted and t's crossed. But what many fail to recognize is the importance of maximizing their 401(k)s and IRAs. Here's how to make sure you're not missing out on...

The IRS recently announced a number of changes to retirement savings accounts, social security and tax brackets for 2023. Additionally, the IRS issued technical guidance regarding the cost-of-living adjustments affecting dollar...

‘Tis the season to surround yourself with your loved ones to enjoy one another’s company. With family together this holiday season, now is a perfect time to discuss estate planning. It's also an ideal time to plan for the...

Understanding your risk tolerance is essential in developing a successful strategy. The overarching principle of risk is that the higher it is, the greater your potential for growth, but also the greater your potential for loss. Risk...

Estate Planning can be a difficult topic to prepare for but nonetheless, it's essential to have. Estate Planning is about more than just managing your assets and wealth. It's also about making sure that your wishes are carried out,...

For every investor, the world has become a hard place. But for those reaching retirement, pressure is significantly mounting. Here's how to cope with a roller-coaster market on the lead up to your golden years. When you think of...

We've said it before and we'll say it again: Diversify your portfolio! This practice is designed to help reduce the volatility of your portfolio over time. Let's take a deeper look. What does it mean to have a diversified...

If you're like most Americans, you may be wondering where all of your money is going at the end of the month.Inflation has taken a toll on many Americans this past year. Inflation is at an all time high coming in at a rate of 8.6%,...

A 401(k) plan is an employer-sponsored retirement savings account that allows you to make pre-tax contributions to your retirement fund. One of the biggest perks about having a 401(k) through your employer is that you can set up...

Retirement plans can be affected by many factors, such as job loss, health or family responsibilities. These issues can lead people to leave the workforce and retire sooner than expected. However, if you're lucky enough to be in...

Retirement planning is a process that maintains your finances throughout the course of your post-career years. This process essentially has 5 steps, knowing where to start, seeing how much money you'll need, setting your priorities,...

Are you looking for financial tips to help you save this fall? Agemy Financial Strategies has put together a fall financial checklist to help you save. Having a fall financial checklist in place will allow you to make fall a productive...

Connecticut is a state with a lot to offer. As you near retirement, your mind may wander to fulfilling your life's dreams; and for many, that involves relocating. Here's what you need to know about taxes if you're moving to the Nutmeg...

If you're planning on retiring in Colorado, the Centennial State has a lot to offer. Colorado is home to some of the most beautiful landscapes in the country, with mountains and plains stretching as far as the eye can see. And if you'd...

There is no doubt that we are in a bear market. When this happens, we naturally look for all the causes. Each bear market or recession has its own cause and effect. As the stock market swings wildly, investors will be looking for more de...

Happy Women's Equality Day! On August 26, 1920, the 19th Amendment was ratified, giving women the right to vote. One hundred years later, women still strive for equality in many areas, and retirement planning is one of them...

Retirement can be a time of great joy, but it can also be a time of great stress. Many people spend their whole adult lives anticipating the independence of retirement, but saying goodbye to one’s constant source of income may be...

Are YOU ready to retire? As you get closer to retirement, it becomes increasingly important to have in-depth conversations with your financial planner about the years ahead. Here are some important questions to consider in your...

Did you know that some of the world's greatest mountaineers relied on sherpas? Sherpa’s have been credited with high achievements for assisting mountaineers throughout history. In the financial world, we often see the same...

If you hear the phrase “estate planning” and immediately tune out, you’re not alone. If you dont think estate pkanning is a priority, here's 5 reasons you might change your mind.Think estate planning isn't for you?...

Divorce is hard, but a divorce later in life presents a unique set of challenges. Understanding how your finances are affected by your gray divorce can save you a great deal of worry and stress.Bill and Melinda Gates are separated...

From retirement security to living debt-free, turning 50 is your chance to make big moves in reaching your financial goals.Turning 50 is a huge milestone for many reasons. Your children have left home and may have a family of their own...

When it comes to inheritance, there are no guides to help you objectively determine who should get your money and assets when you’re gone. It’s a decision every person should have a right to make for themselves. Depending...

Worrying about having enough retirement savings can keep you up at night. The good news is there are some hacks that can make it easier.Is there a secret to retiring on time? Well, maybe. But it probably isn’t what...

Americans nowadays are feeling a lack of confidence when it comes to investing. A study conducted by the U.S. Bank, found women were less confident and less engaged with managing money compared to men. Investing is not something that...

Father's Day is upon us, and no matter what type of gift you decide to purchase, if you are not giving Dad the opportunity to retire soon, you are missing out on the most important Father's Day gift — financial independence...

There is no one-size-fits-all when it comes to saving and investment strategies. However, there are best practices that can help you achieve your financial goals while minimizing risk. Here's some tips on how to make the best financial...

Retiring from work? Congratulations! But before you tick off your retirement bucket list, you need to tick off your retirement to-do list. If there’s one thing this year has taught us, it’s that things can change...

We've covered the pros and cons of retiring in Connecticut and Colorado, but in today's blog, we compare the two to help make that life-changing decision a little easier on your and your unique circumstances. Many people choose to...

For over 31 years, Agemy Financial Strategies has helped our clients plan and prepare. This way, when the unforeseen occurs, their clients are uniquely positioned for success. As we enter the new year, here's what you need to keep on top of

2021 is winding down, which means it’s time to think about resolutions for the coming year. With the rising taxes and out-of-control inflation, financial resolutions are foremost in the minds of many pre-retirees and retirees alike.

On Nov. 10, 2021, the IRS announced inflation adjustments for 2022 affecting standard deductions, tax brackets, and more. The changes (effective when you file in 2023) are the result of higher inflation in 2021. There are also changes...

If you’re proactive about retirement savings or want to up your savings game this year, you may already know that retirement contribution limits stayed the same for 2022. Here's how you can still save more for retirement. High...

How well do YOU understand RMDs? With the RMD deadline looming, you need to take action now before it costs you big bucks. A required minimum distribution (RMD) is the amount of money that must be withdrawn from an employer-sponsored...

An inheritance tax is a state levy that Americans pay when they inherit an asset from someone who’s died, and is deemed a tax on your right to transfer property at your death. Inheritance tax is different from estate tax, and...

Changes are again said to underway at the Whitehouse level. And it could affect your retirement. Here's what you need to know... Under the Reconciliation proposal, starting in 2023, employers with five or more employees would have to...

Bringing up money with family can be uncomfortable and even be seen as taboo. But this year, instead of avoiding the issue, there is no better time to address it head on than when the family is all together over Thanksgiving. Family...

As fall arrives, the changing of the season can be an ideal time to revisit your financial plans with a fresh perspective. This includes what you can expect for your income and expenses for the year ahead. Social Security beneficiaries...

Are you ready to retire earlier than anticipated? The dream of leaving the workforce earlier in life may have hidden pitfalls. Here’s what you need to know. Many Americans plan to retire early, depending on your profession, early...

Tax planning and financial planning go hand-in-hand. As you near retirement, avoiding tax planning could create major hurdles for your financial future. Here’s what you need to know about the potential impending tax hikes and...

The last two years have made it exponentially harder to stick to those retirement savings goals. As a result, many Americans dipped into the largest chunk of money they have — their workplace retirement savings accounts. Despite...

Should you max out your 401(k)? Whether you're nearing retirement or still in the workforce, you probably wonder if there’s enough in your 401(k) to sustain your post-work years. The answer really depends on your personal...

Simply the word 'Estate' alone can throw most people off including an estate plan in their retirement strategy. However, there is a lot more to who gets your belongings when you die. Estate planning is a financial strategy that...

More than 5.9 million people were receiving Social Security survivor benefits in May 2021. Typically, monthly payments go to the spouse, or children of the person who was receiving Social Security benefits. In certain situations,...

Now that the dog days of summer are winding down, there are many reasons why you should make financial planning a priority this fall. Start by revisiting your savings goals and getting your financial health in tiptop shape before the...

There's more to estate planning than simply writing a will. There are many questions that come to mind when it comes to estate planning. Most people want to provide as much as they can so their family isn't left wondering or...

Both men and women want to achieve long term financial security. So how is financial planning for women different? No matter whether you are young, mature, married or single, financial planning should be a top priority for you. It's no...

Retirement planning is one of the most important financial goals for your future. When executed correctly, you’ll be guaranteed financial independence later in life. When done incorrectly, you’re facing a future full of...

Being good with finances is about more than just making ends meet. And when it comes to managing your financial future, there really is no time the present. There are many factors that come into play when managing your finances. Such...

If you’ve built substantial savings in your tax-advantaged retirement accounts, you may become a victim of your own success. Proactive planning can help you avoid penalties and minimize taxes as you pull money out of your 401(k)...

The pandemic has had a big impact on saving for retirement, especially since many Americans were living on a significantly reduced income. But things are starting to change now. With the economy rebounding, it’s a good time to...

The road to retiring early isn't easy. It takes time and discipline to earn, save, and invest as much as you possibly can. Many Americans dream of having more free time in their later years. Perhaps you want to relocate some place...

Life insurance, first and foremost, is about protecting loved ones after you’re gone. But some insurance types can actually help you in retirement as well. Most people think of life insurance in terms of the payout it provides...

Not working with a financial planner? You could be missing out. If you are serious about building long-term wealth, Agemy Financial Strategies can offer plenty of services you aren't getting that you may not even know about. Deciding...

Volatility Returns to the Stock Market, and May Well Stick Around

Andrew A. Agemy, MRFC®Founder and CEOInvestment Advisor

Thursday, October 1, 2020

September was a rocky month for the stock market and may have offered a stark preview of what the final weeks leading up to the presidential election will be like for Wall Street. Towards the end of the month, both the Dow Jones...

Big Tech & the Fed are Still Keeping Wall Street Happy — For Now

Andrew A. Agemy, MRFC®Founder and CEOInvestment Advisor

Tuesday, September 1, 2020

Two down and one to go. Or should I say two up and one to go? I’m talking, of course, about the top three major stock market indexes. In August, the S&P 500 joined the Nasdaq in surpassing its record peak high from before the...

With Markets Holding but the Virus Still Spreading, What’s Next? In last month’s newsletter, I noted that July could be a pivotal month for the coronavirus crisis and the economy, and it was. Two big questions were...

Market May Keep Building Up, Blowing Off ‘Froth’ for Some Time July could be a pivotal month in the coronavirus crisis for many reasons. With the infection rate spiking in several states as June ended, we’ll find out...

What's New? In this crisis, Agemy has ventured into new areas of media that we may not have otherwise tried. On Saturday, June 6th we aired the first episode of our new radio show. The show airs on Saturdays at 8:00am in Denver,...

Ongoing Crisis Illustrates Exactly Why Protection Should Be Priority Number One In late March the U.S. surpassed every country in the world in reported cases of the coronavirus.* If you think about it, that’s not surprising. The...

I was honored to be chosen for the Five Star Wealth Manager Award recognized for service to clients! Look for “Wealth Managers You Need to Know” in: Your May subscriber issues of ”Forbes, Fortune, Money and...

This past Wednesday, March 16, Andrew had the honor of being a featured guest of the internet radio webcast, “Money For Lunch,” hosted by Bert Martinez. Listen to the webcast by clicking here and for more information on...

This past Monday, February 22nd, Andrew had the honor of being the featured guest of the nationally syndicated internet radio show, “The Money Answers Show” hosted by Jordan Goodman. Listen and visit the website for Voice...

We all work hard to keep our personal resolutions through the start of a new year. What we often overlook is how we should extend those goals to financial and, specifically, retirement planning as well. Richard Barrington of Get Rich...

Every year, you get poked and prodded by your doctor to ensure you’re in good health. You should take similar care of your financial well-being with an annual checkup of essentials, such as your credit situation, retirement...

While there are many ways to help plan for your child’s college education, here are three easy plans to institute to ease the road to the Ivy League! Three Solid Ways to Save for College & Retirement – Forbes.com

Most qualified retirement plans offer significant tax benefits - if you're willing to follow a few IRS-specified rules, that is. The federal government wants to make plans such as 401(k)s, Keoghs, SEP-IRAs and traditional IRAs...

The Social Security program was signed into law in 1935 after the nation had endured more than a half-decade of the Great Depression. It was intended to provide a safety net of income for individuals too old or disabled to continue...

How Living Expenses Change During Retirement There are some upsides to being a retiree - senior discounts, lower taxes, subsidized healthcare, and regular Social Security checks among them. On the other hand, mature Americans must...

Social Security was never designed to be an individual's sole source of retirement income. Instead, it was meant to bridge the gap between people's income from pensions and savings and their monthly expenses. Today, however, nearly...

The Roth IRA offers a number of advantages over its traditional counterpart. These include: Tax-free distributions at retirement Ability to continue making contributions beyond age 70-1/2 No required minimum distributions beginning in...

CLUChartered Life Underwriter A CLU is a professional advisor in all of the areas of business and family financial security that are encompassed by life insurance. To become a CLU, an individual must successfully complete a...

Planning for The "Golden Years" There's a saying that if you have your health, you have everything. Well, that's not exactly true - without adequate resources, you could enjoy a long, healthy retirement at a far lower standard of...