Entries by Agemy Financial Strategies

Your Full-Service Financial Planning for the Year Ahead

Agemy Financial Strategies December 22, 2021 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 for financial success in 2022. At Agemy Financial […]

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Financial New Year’s Resolutions to Keep

Agemy Financial Strategies December 15, 2021 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. If you’re someone who likes to make New Year’s resolutions, you already know how […]

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Do You Need to Rebalance Your Portfolio?

Agemy Financial Strategies December 07, 2021 After a second year of a bull market in stocks, the end of the year could be a great time to rebalance your portfolio. However, be sure to manage the levels of risk in your portfolio, which is often a major concern for those in or near retirement. Here’s what […]

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Understanding RMDs and What You Need to Know for 2022

Agemy Financial November 26, 2021 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  A required minimum distribution (RMD) is the amount of money that must be withdrawn from an employer-sponsored retirement plan, traditional IRA, SEP, or SIMPLE individual retirement account […]

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2022 Tax Inflation Adjustments

Agemy Financial December 08, 2021 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 to the alternative minimum tax, estate tax exemption, earned income tax credit and […]

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The Update on the Proposed Reconciliation Bill

Changes are again said to be underway at the Whitehouse level. And it could severely 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 offer a retirement plan and automatically enroll employees, diverting 6% of their pay to a […]

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Planning for Higher Tax Bills for Retirees

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 what they could mean for your golden years. There’s a common misconception that when you retire, your tax bills shrink, […]

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The Pros and Cons of an Early Retirement

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 retirement may be as young as 65.  A healthy savings portfolio and debt-free living can potentially give […]

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