In today’s uncertain financial environment, many people rely on 401(k)s, IRAs, and stock market investments to build wealth. However, these traditional methods come with risks—market volatility, government restrictions, and unexpected tax liabilities.
What if there was a way to grow wealth predictably, access your money anytime, and bypass banks for major purchases—all while protecting your financial future? That’s where the Bank On Yourself concept comes in. Read More
Holistic financial planning is a comprehensive and evidence-based approach to managing your finances, ensuring that all aspects of your financial life work in harmony. Unlike traditional financial planning, which often focuses on isolated goals like investment growth or retirement savings, holistic financial planning takes a big-picture view of your financial well-being. It integrates everything from income management and wealth accumulation to tax strategies, estate planning, and even emotional financial well-being.
By considering every aspect of your financial life, this approach helps individuals and families build sustainable wealth while preparing for life’s uncertainties. Read More
What if money had a life cycle? What if, instead of viewing it as just numbers in a bank account, we understood it as a journey with defined stages?
For most people, financial planning isn’t just about earning more—it’s about knowing what to do with that money at different phases of life.
Think about it. The way you handle money in your 30s should look completely different from how you handle it in your 60s. A young professional is focused on growth and accumulation, while someone nearing retirement is more concerned with protecting what they’ve built. And once you retire? The priority shifts to making that money last. Read More
Retirement planning is no longer just an individual responsibility—it has become a critical aspect of employee financial wellness programs. As companies strive to attract and retain top talent, offering comprehensive retirement plans that address financial wellbeing in retirement has become essential. Employees who feel secure about their retirement prospects are more engaged, productive, and loyal to their employers.
This article explores the key components of comprehensive retirement plans, their impact on employees’ financial wellness, and strategies for employers to optimize their retirement benefits. Read More
As we step into 2025, the IRS has implemented several updates to tax rates, retirement contributions, and savings account limits, reflecting inflation adjustments and evolving economic considerations. For individuals, families, and businesses, staying informed about these changes is essential to optimizing tax strategies and retirement planning. Here’s a comprehensive guide to the most critical updates for 2025 compared to 2024. Read More
Retirement marks a pivotal milestone—a transition from the structured world of work to a life of freedom and self-determination. But how do you know if it’s the right time to take the leap? Whether you’re eager to explore new adventures or questioning if your finances are enough to sustain you, here are eight key signs that indicate you may be ready to retire and start enjoying this next chapter of your life.
1. Your Finances Are Strong and Stable
Financial security is the foundation of a successful retirement. To feel confident in stepping away from work, you should ensure that your savings, investments, and income streams align with your desired lifestyle. Experts suggest having at least 10–12 times your annual salary saved by retirement. However, the exact amount depends on your spending habits and goals. Read More
Retirement—a phase often painted as a golden era of relaxation and leisure—can bring unexpected emotional challenges. While much focus is placed on financial readiness, the psychological and emotional side of retirement is just as important. Retirees often face identity loss, social isolation, and the daunting question: “What now?”
But what if retirement could be approached with confidence, clarity, and emotional peace? In this article, we’ll explore the emotional and psychological aspects of retirement, the profound impact of financial security on mental well-being, and actionable strategies to adjust to this new phase of life with purpose, resilience, and peace of mind. Read More
Retirement today is vastly different from the experience of previous generations. Factors such as economic uncertainty, shifting workforce dynamics, legislative updates, and increasing personal responsibility are redefining how Americans approach their golden years. To navigate this evolving landscape, retirees and pre-retirees must adopt strategies that account for longevity, market volatility, and rising costs.
This comprehensive guide explores how the modern retirement landscape has changed and offers actionable insights to help individuals prepare for a secure and fulfilling future.
1. Demographic Shifts Reshaping Retirement
The United States is experiencing unprecedented demographic changes as the population ages. According to the U.S. Census Bureau, by 2030, all baby boomers will be older than 65, marking a significant milestone in U.S. history. By 2040, it is estimated that 80 million Americans will be retirees, a dramatic increase from 55 million in 2020. Read More
When a loved one passes away, managing finances becomes an essential task, and one of the most significant decisions may involve the family home. For surviving spouses, selling a primary residence can trigger tax implications, particularly capital gains tax. Thankfully, the IRS provides a special 24-month rule that can help mitigate this tax burden.
This article will explore the fundamentals of capital gains, the benefits of the 24-month rule for surviving spouses, and practical strategies to minimize taxes during a home sale.
What Are Capital Gains and How Are They Taxed?
Capital gains occur when you sell an asset for more than you initially paid for it. For example, if you bought your home for $300,000 and sold it for $800,000, the capital gain would be $500,000. This gain is subject to federal taxes, which vary based on your income level and how long you owned the asset. Read More
The 2024 elections marked a turning point in American politics, with Republicans achieving a clean sweep of the presidency, Senate, and House of Representatives. For everyday Americans and those focused on financial security, understanding how these political changes could impact the economy, taxes, and policies is crucial.
At Safemoney.com, we’re dedicated to helping you protect your hard-earned money and achieve financial peace of mind. That’s why we’re breaking down what these election results mean, what’s happening during the “lame-duck” session, and what to expect as the new Republican-controlled government begins its work in 2025. With big changes on the horizon, staying informed is the first step toward keeping your financial future secure. Read More
Start a Conversation About Your Retirement What-Ifs
Start a Conversation About Your Retirement What-Ifs
Already working with someone or thinking about getting help? Ask us about what is on your mind. Learn More
What Independent Guidance Does for You
What Independent Guidance
Does for You
See how the crucial differences between independent and captive financial professionals add up. Learn More
Stories from Others Just Like You
Stories from Others
Just Like You
Hear from others who had financial challenges, were looking for answers, and how we helped them find solutions. Learn More
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