Big State Financial Retirement Blog
December 2019
Reminder: Don’t Forget to Take RMDs by December 31st
Tax-advantaged retirement accounts like traditional 401(k)s and IRAs offer many advantages, but some of these don’t last forever. The government eventually reaps the reward of years of tax-free compounded interest by forcing you to withdraw [...]
Strategies to Help Reduce Your 2019 Tax Bill
Your holiday season might be full of social plans, shopping, and traveling, but it’s important to take time to make important financial decisions before the end of year. Even though April 15th seems far away, [...]
November 2019
3 Ways to Give Thanks in Retirement
Thanksgiving is a good time to think about how you express gratitude. Some people donate their time or money to a charitable organization, or just enjoy the simple pleasures of retirement. The great thing about [...]
3 Retirement Costs to Watch Out For
Some surprises are great, like birthday parties, winning the lottery, and getting two candy bars from the vending machine. Others may not be as much fun, like taxes and unforeseen expenses. However, there are ways [...]
4 Reasons to Plan for Long-Term Care Costs
There’s a 70% Chance You’ll Need Long-Term Care We can all celebrate an increasing life expectancy as we look forward to our golden years. In 1950 the life expectancy for American men was 65.6, and for [...]
Will Inflation Erode Your Social Security Benefit’s Buying Power?
In 2019, Social Security benefits received a 2.8% increase[1] – the largest since 2012. But in 2020, benefits will only see a 1.6% increase[2]. Even though inflation is low right now, the cumulative effect of [...]