by Fullerton FP | Feb 20, 2023 | Blog
From a young person’s perspective, the ideal 401(k) strategy is usually to start as early as possible and maximize employer match if it’s available. Compound growth is a hugely powerful tool in retirement savings, which means dollars saved in a person’s early 20s will...
by Fullerton FP | Feb 13, 2023 | Blog
Potentially yes – in two important ways. First, the extra income you earn during those final working years can go toward savings and help sustain you in retirement. Properly invested, those dollars can continue growing long into the future. Second, you can put off...
by Fullerton FP | Feb 6, 2023 | Blog
An Exchanged-Traded Fund (ETF) is essentially a bundle of stocks traded under a single fund – similar in many ways to a mutual fund. Funds often track a specific index, like the S&P 500. They’re traded under a symbol like any other equity in exchanges. The first...
by Fullerton FP | Jan 27, 2023 | Blog
All gambling winnings are technically considered taxable income, but you’ll only automatically be provided with a Form W2-G (or 1099-MISC) if you meet certain winnings thresholds at a single gaming establishment over the course of a year. Those include:...
by Fullerton FP | Jan 23, 2023 | Blog
Planning for a successful and fulfilling retirement isn’t easy. In addition to establishing predictable and adequate income for the next several decades, you also need an estate plan, a reliable health care plan, including long-term care and nursing policies, and a...
by Fullerton FP | Jan 20, 2023 | Blog
Universal advice about maximizing tax savings in retirement is hard to come by because every retirement saver and retiree’s situation is different. For example, does it make sense to delay Social Security benefits for you or your spouse until 70, or is the upside of...
by Fullerton FP | Jan 16, 2023 | Blog
The United States has made some huge strides toward equality in the past several decades, but women still face unique challenges when it comes to retirement. These disadvantages don’t necessarily apply to all women, but income and retirement inequalities are still a...
by Fullerton FP | Jan 13, 2023 | Blog
If you’re a retiree, your income may be largely or entirely derived from specific retirement savings tools you invested in during your working years. Common examples include Roth and traditional IRAs, 401(k)s and annuities. If you’re unsure of how to report that...
by Fullerton FP | Jan 9, 2023 | Blog
Have you and your spouse discussed when you’ll begin claiming your Social Security benefits? Do you know how much SSI you’ll receive each month and the potential consequences of taking your benefit early? How much you can rely on Social Security depends on your birth...
by Fullerton FP | Jan 6, 2023 | Blog
The basic steps for preparing taxes ahead of Tax Day, whether you’re still working or retired, should include: Gather all necessary tax documents, such as W-2s and 1099s Determine your filing status and exemptions Ensure that you have the necessary forms and...
