So much of your retirement preparation focuses on saving money. But, at some point, you need to take that money out, and how you do that is an integral part of your retirement income strategy. The Secure Act 2.0 contained changes that affect your retirement distribution strategy and timeline. We’ve compiled a deep dive into […]
The government is making a wide range of adjustments across the board for the coming year. Changes impactMedicare premiums, Social Security COLA, tax brackets, and retirement plan contribution limits. The changes could mean higher income and tax savings for some next year. Medicare Medicare Part B Premiums have decreased. The base monthly premium for […]
Today, we’re seeing more people retiring early than ever before. Research from the Federal Reserve uncovered that more than 3 million people retired early because of the pandemic and that 2.7 million people over 55 are “contemplating” an earlier exit from the workforce. Given the recent market turbulence, those who started their golden years a […]
When, Why, and How to choose a plan that’s right for you (especially if you’re already enrolled). Whether you’re looking into Medicare for the first time, or taking advantage of annual enrollment to update your strategy, we’ve broken down the critical choices you must make into a simple decision-making tool (including the easy-to-understand questions you […]
Let’s start this post off with a question: Can you pay less for Medicare? Lowering your premiums is no small feat, especially for high-income earners who are subject to Medicare IRMAA. Read on in this article to learn more about “Medicare IRMAA” and how you can take action to potentially decrease its impact on your […]
Entrepreneurs already know that there are plenty of options to create a retirement account. These plans, SEP and SIMPLE IRAs, can be the right answer for some business owners. However, the Solo 401(k) (also known as Solo-k, Uni-k, One-participant k) may allow you to set aside more money for retirement. You have the opportunity to […]
Have you ever seen a GROUNDHOG poking its head out of the ground? What you see is a cute little groundhog poking his head out of his burrow. What you don’t see is the complex web of precisely engineered burrows — hidden from sight. These “hidden strategies” are what allow the groundhog to live a […]
The COVID-19 pandemic has many near retirees re-examining their retirement dates. Here at Wingate Wealth Advisors, we’ve seen an increase in retirement planning services as more clients ask whether they must go back to the office at all post-pandemic, wary of whatever the new normal will be. Whether you have been offered an early retirement […]
In our last post, we reviewed some of the key differences between a SEP IRA and a Solo 401(k) for business owners with no employees (if you have 1099 income from a side gig, this includes you). In some cases, a SIMPLE IRA may be a better option than a SEP IRA and a Solo […]
If you and/or your spouse own a business and you are the only employees, or you have 1099 income and want to maximize your retirement savings, you should consider contributing to a SEP IRA or an Individual/Solo 401(k) Plan. Which plan is right for you? Here are some highlights of each plan. SEP IRA-Simplified Employee […]
Wingate Wealth Advisors is honored to have been named to CNBC’s 4th annual Financial Advisor 100 list for 2022, which ranks and recognizes the top-rated investment advisors in the country.
The list is based on a methodology developed by CNBC in partnership with data provider AccuPoint Solutions, taking into consideration data that’s culled from more than 39,000 RIAs. There was no direct or indirect compensation exchanged in connection with obtaining our ranking. To learn more about the methodology, click here.
