Brace for Big Tax Hikes in 2026 Unless Congress Acts
Starting in 2026, if Congress does nothing, income taxes will rise significantly. This means higher tax brackets, lower standard deductions, reduced child tax credits, and much higher estate and gift taxes. These changes can impact your financial planning, so it’s crucial to understand what’s coming and how to prepare. Understanding the Impending Tax Changes The […]
68% of Retirees Fear Outliving Their Savings: How to Secure Your Financial Future
Happy Father’s Day! As we spend time today celebrating and being celebrated, just some for thought. A recent Schroders survey reveals that 68% of retirees fear outliving their savings. If you’re approaching retirement, this might be a concern for you too. Understanding how to secure your financial future can alleviate these fears and help you […]
Social Security and Medicare Insolvency: What You Need to Know and Why Action is Urgent
According to the Annual Trustees Report released in May, Social Security will be insolvent by 2035 and Medicare by 2036. These looming deadlines should be a significant concern not just for financial and insurance professionals, but for every American citizen. With over 100 million people relying on these programs, the urgency to address their future […]
Shoppers Are Taking on Credit Card Debt to Buy Groceries. That’s a Canary in a Coal Mine.
Paying for healthcare is becoming more difficult for most Americans. Now, paying for food and gasoline for your car is becoming so difficult that Americans are using credit cards, lines of credit, and even withdrawing from their 401(k)s to pay for food and gas to run their vehicles. One article shared that one in five […]
Rising Healthcare Costs in 2024: What Families Need to Know and How Grandparents Can Help
Every May since 2005, Milliman, an actuarial firm, has released the Milliman Medical Index, a comprehensive report that tracks healthcare costs for American families and individuals. This year’s report reveals that the cost of healthcare for a family of four in 2024 is a staggering $32,066, while for an individual, it stands at $7,151. Additionally, […]
