by Mosaic WSG, Ltd. | Aug 24, 2021 | Financial, Retirement, Taxes
The Setting Every Community Up for Retirement Enhancement (Secure) Act fundamentally changed the rules governing distributions from inherited retirement accounts. Inheriting an IRA or 401(k) under the new administration could create several adverse tax consequences...
by Mosaic WSG, Ltd. | Aug 17, 2021 | Financial, Investments, Retirement, Social Security, Taxes
Each type of retirement benefit has a different eligibility age. Your age plays a significant role in how much you can expect to receive from Social Security and what you need to do to avoid retirement account penalties. Key Milestones for Retirement: 49 — Max out...
by Mosaic WSG, Ltd. | Aug 10, 2021 | Financial, Health, Retirement, Taxes
Pre-tax contributions, tax-free withdrawals, and tax-free gains = the Holy Grail of savings opportunities. If you estimate yourself at the 25% tax bracket when you retire, and you put $60,000 into a savings account, you lose $15,000 to taxes; but if you put it in an...
by Mosaic WSG, Ltd. | Jul 20, 2021 | Financial, Retirement
The 2019 Employee Wellness survey by PwC found that 73% of Millennials, 70% of Generation X, and 61% of Baby Boomers think health care costs will adversely affect their retirement. If a healthy 65-year-old couple retiring in 2019 expected to spend more than $387,000...
by Mosaic WSG, Ltd. | Jul 22, 2021 | Financial, Mosaic Minute, Retirement, Videos
Carrying consumer debt into retirement can quickly reduce the monthly cash flow available to spend on healthcare, travel, and leisure activities or could necessitate drawing down retirement accounts faster than planned. Either situation puts you at risk for running...
by Mosaic WSG, Ltd. | Mar 16, 2021 | Financial, Retirement, Videos
This past year highlighted small businesses more than any other. The impact from a struggling economy has not gone unnoticed and the support from local shoppers has made the difference between open and closed for many small business owners. If you own a small...
