Marshall Wealth Management’s Post

Here is a great article with some eye-opening information. Thanks for sharing Scotty Hendricks, Jr. #Memphis  #RetirementPlanning https://lnkd.in/e2qqqyT7

🏖️ Planning for retirement? Discover the top 5 states to retire in for 2024! 🌟 Florida, Pennsylvania, Arizona, South Carolina, and Utah offer unique benefits for retirees. From Florida's sunny beaches and no state income tax to Pennsylvania's rich cultural scene and retiree-friendly tax policies, these states have something for everyone. Arizona and South Carolina provide great climates and affordable living, while Utah boasts excellent healthcare and outdoor recreation. Where would you settle down in 2024? Let me know in the comments! #retirementgoals #floridaliving #arizonasunset #RetirementPlanning #realestateadvice

I absolutely love that I work at a company that gives back to our military community! 🙌🏻 We often put together virtual seminars that provide fantastic information on how to prepare for your financial future. We have our next retirement series coming up and all are welcome to attend! Register below! 👍🏻 -Tuesday, May 21: Legacy planning @ 6:00pm pst -Thursday, May 23: Social Security and Medicare @ 6:00pm pst -Tuesday, June 4: Retirement Planning Strategies @ 6:00pm pst -Tuesday, June 11: Long-Term Care @ 6:00pm pst Click on the link to register for the event: 👉🏻 https://bit.ly/3wtp8Zs 👈🏻 First Command does not provide legal or tax advice, and this presentation does not contain any legal or tax advice. Should you require legal or tax advice specific to your situation, you should consult with an attorney or qualified tax advisor. The information provided to you herein is provided for informational purposes only, is not intended to be tax or legal advice, and should not be used for the purpose of avoiding tax-related penalties under the Internal Revenue Code.

From #downsizing their homes to taking up #mealplanning to slash #grocery #bills, Cheapism.com's Alina Wang are 10 expenses that can help #retirees save more than $40K a year. #seniors #retirement #frugality #moneysavingtip #cheapism #mediafeed https://lnkd.in/gfAGmyZv

Did you know that estate planning laws vary depending on which state you live (and die) in? For example, Oregon doesn’t tax estates unless they’re valued at $1 million or more. 💰Oregon also generally doesn’t allow licensed funeral services practitioners to act as executors of your will. Learn more about Oregon’s estate planning laws in our latest blog → https://bit.ly/3SWceM0 #Oregon #Retirement #EstatePlanning

Think Twice Before Spending Retirement Savings By: Thomas V. Trainer I’ve run into several situations (not created by me) where older people gave away money to their children, or grandchildren, and then needed nursing home care later on. The earlier gifts, if made within 5 years of entering a nursing home, created huge problems. Read More: https://lnkd.in/ecs8bQ8Q #Lawyer #Retirement #LawFirm

The rise of the multi-retiree family and what it means for the finances ·     By 2034, more than one million families will include at least two retired generations – an increase of nearly one third (32%) on today. ·     Multi-retiree families will need their collective finances to stretch further than ever before, and for longer, impacting both inheritances and day to day expenditure. ·     Financial advice can help the whole family look forward to a retirement on their terms, and financial security that protects the welfare and wellbeing of each generation. It can feel like a big responsibility to make sure that the right money is available at the right time for the right people – across several generations and multiple retirees. If you’d like help or support to start looking at the bigger picture for your family do get in touch https://lnkd.in/dDbNzuK To read the article in full visit https://lnkd.in/dDbNzuK > Insights > Retirement #Lifeplanning  #TakeControl  #MoneyMatters #RetirementPlanning  #BuildALegacy #FinancialEmpowerment  #IntergenerationalWealth  #IHTPlanning SJP Approved – 20.06.24

Preparing for aged care for themselves or a loved one can be a difficult and stressful task, but with the help of an expertly qualified aged care advisor, clients don’t have to face it alone. We’re here to help you provide the right advice, when your clients need it most. #agedcareadvice #agedcare #financialadvice #financialadvisors #financialplanning #retirement

What are the top regrets of retirees? More than 6 in 10 retirees say they would go back and change their retirement planning if they had the opportunity. 😥 Here are some of their top regrets: Saved More - 78% of retirees wish they would have saved more money. 💰 Spending Plan - 68% of pre-retirees have not completed a budget of anticipated income and expenses, according to Fidelity Investments. 💸 Planned for Healthcare - Medicare isn’t free. 🤔 Learned More About Personal Finance - 66% of retirees wish they were and had been more knowledgeable about financial planning. 📚 Planned for Taxes better - No one pays less taxes by accident 🏦 Had Less Debt - One third of retirees regret not paying off debts sooner. 💳 Retired Earlier - Retiring is nice, but retiring earlier is even nicer. 😁 See the comments section on how to avoid these regrets.

Thinking about retiring in Illinois? 🤔 Here’s what you need to know 👇 → You’ll have generous income tax exemptions, from your 401(k) withdrawals to your Social Security → Non-exempt income is subject to a flat 4.95% rate → The cost of living sits below national averages 🎉 → We have the best beef sandwiches in the country 🥪 Learn more with our top 8 FAQs about an Illinois retirement: https://lnkd.in/g2iGiyT4 #RetireinIllinois #PrairieState #RetirementPlanning