Entries by Agemy Financial Strategies

Radio Webcast – “The Money Answers Show”

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 America here for more information on Jordan Goodman, Voice America and “The Money Answers Show”. Please make sure to check back […]

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Financial Goals are like Dieting

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 Slowly, has some great ideas for helping you get in shape fiscally in 2016. “Dieting […]

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Is it time for your Financial Checkup?

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 savings and life insurance. No needles or latex gloves are involved. You just need to review your finances, […]

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So You’re Retired – Now What?

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 available for specific needs, and has enacted laws to help eliminate potential abuses of these tax-advantaged investment alternatives. Retirement Plans […]

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How Social Security Works

he 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 working. Participation in the Social Security program is mandatory, with most wage earners contributing […]

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Retirement Expenses

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 contend with worrisome issues such as rising costs for medical care, long-term care, prescription drugs, and even basic necessities such […]

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Bridging The Income Gap

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 two-thirds of all seniors rely on Social Security for at least 50% of their total monthly income. Nor are […]

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IRA Conversions

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 the year you turn 70-1/2 Leaving assets to survivors that are free from income taxes Details on eligibility to convert a traditional IRA […]

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