Opportunity Bank of Montana’s Post

Private pensions can be an efficient way to pass on wealth, but it is important to consider what, if any, tax will be payable on a private pension you inherit. The person who died will usually have nominated you by telling their pension provider that you should inherit any monies left in their pension pot. If the nominated person can’t be found or has since died, the pension provider may make payments to someone else instead. #Pensions #InheritedPensions

You can usually claim tax relief on private pension contributions worth up to 100% of your annual earnings, subject to the overriding limits. Tax relief is paid on pension contributions at the highest rate of income tax paid. #TaxPensionContributions #PensionsTaxRelief

You can usually claim tax relief on private pension contributions worth up to 100% of your annual earnings, subject to the overriding limits. Tax relief is paid on pension contributions at the highest rate of income tax paid. #TaxPensionContributions #PensionsTaxRelief

Carer’s credit is a National Insurance credit that can help carers to fill gaps in their National Insurance record. Carers who don’t qualify for Carer’s Allowance may qualify for Carer’s Credit. This may also help carers increase their State Pension entitlement. #Carers #CarersAllowance

Carer’s credit is a National Insurance credit that can help carers to fill gaps in their National Insurance record. Carers who don’t qualify for Carer’s Allowance may qualify for Carer’s Credit. This may also help carers increase their State Pension entitlement. #Carers #CarersAllowance

Grandparents...this one's for you! Feel free to access this Barron's article using the link below, and if you'd like to get more of this content straight to your inbox, make sure to sign up. #FinancialAdvisor #Glendale #Barrons

What’s the valid criteria for retirement for a person? What’s the valid criteria for retirement for you? What does being “retired” even mean, particularly in your case? How old is it acceptable to be before you retire? Why is that a valid age for retirement versus any others? (And a big thanks to Meagan Thrift for helping me ideate through these topics. And to Meagan Boson and Brian M. Rodgers for their recent thoughts on the subjects.) Webster’s Dictionary tells us that “retired” means “withdrawn from one's position or occupation : having concluded one's working or professional career” (https://lnkd.in/gr697k9b) So that’s one definition. But #retirement means something different to every individual. What happens when you’re spending most of your time doing unpaid volunteer work or pro bono work or both? And what’s the psychological impact and meaning of all of these terms, specifically to you? I think that each person - and frequently a couple - has to figure out these answers for themselves. But it is a complex and complicated problem to unravel. And an individual can feel immense pressure to continue to be productive and not retire, particularly in our American culture. I’ve had the opportunity to coach several individuals lately as they make a pivot or transition in their careers and lives. Inevitably, in one of the conversations as they look for what they want or need to do next, is what do they need to keep their family comfortable and going. Many of these individuals have kids who are probably headed to college. College is incredibly expensive and almost every one of the folks I speak with doesn’t want their children to finish higher education and be indebted from the experience. That is incredibly awesome and definitely something that each person must consider. But we really need to have hard conversations and considerations. I love the Kenny Chesney song “The Life” for the thoughts he shares about running the rat-race to make enough to retire and fish, particularly when he comes across a fisherman in the process. (https://lnkd.in/gz7EQ9RP) This is certainly something to consider in the process. I'd love to hear you share your thoughts on these questions at topics below. #executivecoaching #leadershipdevelopment #leadershipcoaching #leadership #retirement 

Wealth, Family, and Legacy: A Guide for High-Net-Worth Individuals in the Sandwich Generation https://hubs.li/Q02DT3_G0

In honor of President’s Day, let’s take a moment to reflect on the wisdom of our forefathers. If the American Dream is about making something of ourselves and living financially healthy lives, then it seems reasonable to say that a stress free retirement is that dream coming to fruition. We all want to retire comfortably one day, and many Americans actually have the power to make it happen if they set clear saving and investing goals – and work hard to meet them. This President’s Day, we could all afford to take a cue from America’s leaders and founding fathers: “There is no dignity quite so impressive, and no independence quite so important, as living within your means,” Calvin Coolidge, 30th U.S. president. “Things do not happen. Things are made to happen,” John F. Kennedy, 35th U.S. president. “Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish,” John Quincy Adams, 6th U.S. president. You are in control of your own destiny. Take inspiration from the wisdom of former American leaders and use it to prepare your financial future. By making a few sacrifices today to pay off your high-interest loans and make saving and investing a part of your budget, you’ll move the needle toward achieving financial health and fulfilling the American Dream.

In honor of President's Day, let's take a moment to reflect on the wisdom of our forefathers. If the American Dream is about making something of ourselves and living financially healthy lives, then it seems reasonable to say that a stress-free retirement is that dream coming to fruition. We all want to retire comfortably one day, and many Americans actually have the power to make it happen if they set clear saving and investing goals – and work hard to meet them. This President's Day, we could all afford to take a cue from America's leaders and founding fathers: "There is no dignity quite so impressive, and no independence quite so important, as living within your means," Calvin Coolidge, 30th U.S. president. "Things do not happen. Things are made to happen," John F. Kennedy, 35th U.S. president. "Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish," John Quincy Adams, 6th U.S. president. You are in control of your own destiny. Take inspiration from the wisdom of former American leaders and use it to prepare your financial future. By making a few sacrifices today to pay off your high-interest loans and make saving and investing a part of your budget, you'll move the needle toward achieving financial health and fulfilling the American Dream.