The Seaside Blog

You have worked your whole life saving and preparing for retirement and the next season of your life. This is a time when you can enjoy the fruits of your labor, travel, spend time with the grandkids, explore new hobbies, volunteer and do anything you did not get to do while working. Avoiding common retirement mistakes and pitfalls or misjudging retirement income needs is crucial for a stress-free retirement. Ensuring your retirement plan includes thoughtful estate and tax planning while steering clear of emotional investment decisions and frequent financial mistakes can set a solid foundation. We'll explore how to create a reliable safety net through diversification and the importance of regular reviews to adjust your nest egg, aiming to steer clear of the biggest retirement planning pitfalls and ensuring your social security benefits work effectively for you.

Receiving an inheritance can open doors to financial growth and stability, placing you at a critical juncture where well-considered choices can profoundly impact your future. We understand that inheriting money comes with its emotional weight, often connected to the loss of a loved one. It's more than just an abrupt financial gain; it's a continuation of a legacy. That's why we recommend allowing yourself space to grieve and to recognize the significance of this transition before leaping into any major monetary decisions.

Presidential elections in the United States are often regarded as pivotal moments that can shape the future of the country. With each election cycle, investors and retirees may find themselves concerned about the potential impact on their investments and retirement savings. However, it's essential to separate political noise from long-term investment strategies and make informed decisions based on historical data and market fundamentals.

Social Security benefits can provide a nice income stream during retirement or in the event of a spouse's death. There are over 1800 rules to the system and understanding how benefits actually work can go a long way in helping you maximize your Social Security benefits. Today, we are going to explore two facets of Social Security program: Spousal benefits and survivor benefits and help you better understand them to help you make good decisions around your Social Security strategy.

Here are "24 Things To Consider In 2024" regarding your finances & planning.

You've worked tirelessly your whole life, diligently saving for retirement. Every time you hear someone discuss tax strategies, you get excited, only to realize they mainly apply to business owners and real estate investors. But here's the thing: even in retirement, there are plenty of tax planning opportunities that can save you a significant amount of money. Oftentimes, retirees don’t take advantage of these strategies and instead make big mistakes with their taxes. Today, we'll explore 3 common tax planning mistakes retirees make and show you how to avoid them.