This month, my newsletter explores the following topics:
- How to beat inflation in 2021
- How to get more financial aid for college
- Using RMDs when filing estimated taxes in retirement
- How to avoid individual retirement account deduction mistakes
At this time of year, we look at our progress to find timely adjustments we can still make. Please contact me if you would like to discuss your finances.
How to Beat Inflation in 2021
The impact of inflation on stocks and bonds remains a concern for many investors, especially those who are planning to retire soon and will need the income from their portfolios. Here’s how to protect your portfolio from elevated inflation.
How to Get More Financial Aid for College
The Covid-19 pandemic and economic downturn that followed made it even more difficult for many students and their parents to afford college just as costs went up. In order to obtain a four-year degree, nearly all students rely on some sort of financial aid. How to get more?.
The RMD Solution to the Hassle of Filing Estimated Taxes in Retirement
If you don’t need the money to live on, wait until December to take your RMD and ask the sponsor to withhold a big chunk for the IRS.
How to Avoid Individual Retirement Account Deduction Mistakes
As the year winds down, those looking to trim their tax bill may consider an individual retirement account contribution. Before transferring the funds, however, there are rules and limits investors need to know, financial experts say.
Michael M. Silverman is a Financial Representative of The Guardian Life Insurance Company of America, New York, NY. Strategies for Wealth is not an affiliate or subsidiary of Guardian.
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2021-129317 Exp. 11/23