About Becca Mack

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So far Becca Mack has created 96 blog entries.

Reviewing Your Healthcare Needs in Retirement

Your healthcare needs can change in retirement, as can the way you pay for them. At 65, most Medicare beneficiaries must start navigating a new system. If you are or will be a Medicare beneficiary, one important date that should make it onto your calendar is October 15th. This is the beginning of the Medicare [...]

2019-10-14T18:38:00-05:00October 14th, 2019|Financial Planning, Healthcare|

Be Aware of 401(k) Fees

Do you know how much you’re paying in 401(k) fees? Or that you’re being charged fees at all? According to a TD Ameritrade Survey, 27% of participants didn’t know how much they were paying. And, 37% of those surveyed didn’t know they were charged fees at all. This doesn’t quite square with the fact that [...]

2019-10-07T14:48:22-05:00October 7th, 2019|Financial Planning, Retirement Planning|

Age Can Have Its Benefits

We typically don’t think of the word “aging” as having a positive connotation. It may bring to mind graying hairs, aching backs, and slowing down. But these things don’t always have to be true, and they don’t necessarily tell the whole story when it comes to getting older. In fact, in most cultures older people [...]

2019-09-30T14:17:54-05:00September 30th, 2019|Financial Planning, Retirement Planning|

Will Your Tax Burden Decrease in Retirement?

Most people don’t expect their taxes to disappear in retirement, but they may assume they’ll decrease substantially. However, this may not be the case. Between collecting Social Security, interest, dividends, and Required Minimum Distributions, your retirement income could be substantial. All of these types of income can be subject to tax, and there are strategies [...]

2019-09-23T23:29:13-05:00September 23rd, 2019|Retirement, Tax Strategies|

Reasons to Update Your Retirement Account Beneficiaries

Your retirement account has a long life, and it doesn’t necessarily end when yours does. If you’ve contributed to a 401(k) or IRA throughout your career, you’ve probably accumulated a substantial nest egg. Then once you turn 59 ½ you can start withdrawing. And at 70 ½ you must start withdrawing. Required Minimum Distributions (RMDs) [...]

2019-09-17T01:11:40-05:00September 17th, 2019|Retirement Planning|

A Social Security Claiming Strategy to be Eliminated

Updated Thursday, September 12th, 2019 Did you know that there are many ways you can claim Social Security benefits? On one hand, this means that people may choose a strategy based on their unique lifestyle, income needs, and family situation. On the other hand, it means that there can be potential room for error: A [...]

2019-09-13T00:53:25-05:00September 9th, 2019|Social Security|

Preparing for a Bear Market

Between the trade war heating up, and the recent market volatility, there’s no telling what kind of market we’re heading into. After enjoying a 10 year long bull market, there could be rougher times ahead in the near future, or down the road after you’re retired. Many experts are looking at the fact that China [...]

2019-09-01T19:28:20-05:00September 1st, 2019|Stock Market|

Common Social Security Scams

Turning 65 means a lot of great things – you’re eligible for Medicare, you’re at or near your full Social Security age, and of course you can get into some museums, buy Amtrak tickets, and eat at certain restaurants for a discounted price. Unfortunately, you may also be targeted by criminals trying to steal your [...]

2019-08-26T20:23:28-05:00August 26th, 2019|Fraud Protection, Social Security|

When it Comes to Taxes, Plan for Your Future Self

Retirement is a major event that can drastically change your day-to-day life, your financial strategies, and even your tax burden. Retirees may no longer receive taxable income from an employer, but they will likely receive income from other sources which can be taxed. This is why when it comes to taxes, it’s important to help [...]

2019-08-19T15:24:52-05:00August 19th, 2019|Tax Strategies|

Make the Most of Your 401(k)

We all know that a 401(k) is one of the most important retirement planning tools we have: The potential tax benefits and power of compound interest can make it a great savings and investment tool for anyone who practices financial discipline and contributes regularly. But your contributions aren’t the only things to consider when figuring [...]

2019-08-05T17:23:38-05:00August 5th, 2019|Investment Strategies, Retirement Planning|
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