Many retirees assume their portfolios are “conservative,” but without a proper risk assessment, they may be exposed to more downside than they’re comfortable with. That blind spot can lead to more than just stress — it can have long-term financial consequences that affect your income, lifestyle, and legacy. At Financial Services of America, we help […]
Are You Taking Too Much Risk With Your Retirement Savings? Read More »
Whether you’re just getting serious about your retirement savings or approaching the transition out of the workforce, one thing is clear: having a well-structured retirement plan is essential to long-term financial security. At Financial Services of America, we help individuals nearing or in retirement build personalized strategies that account for income needs, taxes, healthcare, and
Essential Steps for Effective Retirement Planning Read More »
Getting older has its nuisances as your health starts to decline, eyesight and hearing can deteriorate, you start having aches and pains in unexpected body parts. However, it does have its perks. Some of those benefits are in the form of tax breaks that come as you get older. For effective tax planning for seniors,
Creating a lasting legacy means more than just passing on your assets — it’s about ensuring your values, beliefs, and intentions live on through the people and causes you care about most. At Financial Services of America, we’re often asked how to approach legacy planning in a way that balances financial responsibility with personal meaning.
When you’re saving for retirement, the goal is clear: grow your wealth. But as you near retirement, the strategy needs to shift. At this stage, it’s not just about how much you can earn — it’s about how much you can keep. Market volatility, hidden fees, and aggressive investment allocations can all chip away at
Many retirees are talking about new tariffs in 2025 and wondering how this affects everyday spending. These policies do not just affect trade partners. They can ripple into prices of goods, household budgets, and what retirees pay for essentials. It is useful to understand where these effects are showing up. Prices on Everyday Goods Tariffs
Tax policy matters for retirees, especially when new legislation like the Big Beautiful Bill becomes law. Although some provisions are still being clarified, many retirees may benefit from understanding how recent changes could connect with their finances. Income Tax Brackets One key element of the Big Beautiful Bill is making certain tax cuts from the
One Big Beautiful Bill at a Glance: What to Know Read More »
July is officially here, which means you’re probably enjoying the nicer weather and the fact that you don’t need to worry about filing your taxes for another 9 months. However, July is actually the perfect time to assess whether you can improve your tax efficiency when you’re filing your taxes next year. You can begin
As we head into the summer months, it’s a perfect time to remember that financial planning isn’t just about long-term savings and retirement plans. We are a family-oriented business, and we know that spending the summer months having fun with your loved ones is one of life’s greatest joys. That’s why we work with each
Turn Your Retirement “Soon” Bucket Into Summer Income Read More »
There is no simple answer to the question ‘how much money do I need to retire?’ It depends on many factors, including at what age you plan to retire, your lifestyle, current and future spending habits, types of assets in your portfolio, and much more. While it is difficult to assign a dollar amount that
