Entries by Agemy Financial Strategies

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You Can No Longer Ask ChatGPT for Financial Advice; How We Can Help

In recent years, Artificial Intelligence (AI) tools like ChatGPT have captured the world’s attention. From writing assistance to quick explanations on complex topics, AI has become a go-to source for instant answers. But when it comes to financial advice, especially about your investments, retirement, or estate planning, AI’s limits have become increasingly clear. OpenAI and […]

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Key Financial Tasks to Address by December 31

As the year winds down, this season is about more than celebrations and reflection—it’s an opportunity to make sure your finances are in top shape. By taking smart, proactive steps before December 31, you can strengthen your retirement savings, reduce your tax burden, and position yourself for a more secure financial future. At Agemy Financial Strategies, we emphasize the […]

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World Savings Day: Strategies for Preserving and Growing Your Wealth in Retirement

October 31st is World Savings Day, a reminder not just to save, but to strategically preserve and grow wealth, particularly for high-net-worth individuals approaching or already in retirement.  At Agemy Financial Strategies, we understand that for HNWIs, financial planning in the retirement years is less about accumulation and more about protection, tax efficiency, and legacy. Retirement is […]

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Is $1 Million Enough to Retire Comfortably in Connecticut?

“Is $1 million enough to retire comfortably in Connecticut?” It’s one of the most asked questions in retirement planning, and the honest answer is: it depends.  The short version: for some people in Connecticut, $1 million can fund a comfortable retirement if they plan carefully and have low housing or health-care burdens; for others, especially those facing […]

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Is $1 Million Enough to Retire Comfortably in Colorado?

Retirement planning is a deeply personal journey, and one of the most pressing questions many Coloradans face is: “Is $1 million enough to retire comfortably in Colorado?”  The answer is nuanced and depends on various factors, including lifestyle choices, healthcare needs, housing decisions, and tax considerations. At Agemy Financial Strategies, we believe in providing personalized financial guidance. This blog delves […]

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What the Latest FOMC Meeting Means for Your Money

The latest Federal Open Market Committee (FOMC) meeting delivered the Fed’s first quarter-point move in a direction many markets had been expecting: the Committee lowered the target range for the federal funds rate by 25 basis points to 4.00%–4.25%.  The decision, and the supporting materials released alongside it, reflected a shift in the Fed’s assessment […]

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RMDs and Capital Gains: Planning for a Tax-Efficient Retirement Income

One of the most critical aspects of retirement planning is managing taxes efficiently. Two key elements that can significantly impact your retirement income are Required Minimum Distributions (RMDs) and capital gains. Understanding these factors and implementing strategic planning can help you preserve more of your wealth and ensure your income lasts throughout retirement. In this blog, we’ll explore what […]

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Estate Leakage: How HNWIs Are Risking It All

When you’ve spent years building wealth, the last thing you want is to watch it quietly drain away at the finish line. Yet that’s exactly what happens to many high-net-worth individuals (HNWIs): not through one catastrophic mistake, but through dozens of small, fixable gaps, what professionals call estate leakage. Estate leakage is the unintended loss of net […]

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