Retirement Budget: Can you skip the spreadsheet for a better way?

By |2021-10-13T11:59:04-08:00August 16th, 2021|Wealth Management Resources|

Time to Read: 6 Minutes Creating a sizeable nest egg is just the start of successful retirement planning. Ensuring that an investment portfolio will be able to provide a desired level of income for several decades requires a careful ongoing strategy, and making realistic predictions about long-term expenses is a critical step. It doesn’t have to be a complex, tedious process though. There’s a simple technique we’ve used to create

The Social Security Administration Has Announced Cost of Living Adjustments & Tax Changes For 2021. Here’s What You Need to Know

By |2021-10-15T13:10:00-08:00October 27th, 2020|Wealth Management Resources|

Time to Read: 5 Minutes On Tuesday, October 13, 2020, the Social Security Administration released important facts and figures for 2021 - including cost-of-living adjustments (COLA) for retirees and tax changes for the currently employed.  Here's what you need to know: The Good? Benefits Are Increasing Those receiving Social Security benefits will see a

Roth Conversion: A Better Way to IRA

By |2021-11-23T19:40:24-08:00September 2nd, 2020|Wealth Management Resources|

Time to Read:7 Minutes Roth IRAs are known for their tax-free growth and withdrawals; however, high earners and retirees regularly overlook these dream savings accounts because they have income limits that, on the surface, prevent them from participating. At BWM Financial (BWM), we think that Roth conversions are an effective, alternative way to save

The CARES Act Has Waived RMD Distributions for 2020. Here’s What You Should Know

By |2021-10-14T13:36:59-08:00April 27th, 2020|Wealth Management Resources|

Time to Read: 5 Minutes The Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, was signed into law on March 27, 2020. This law was created in response to the COVID-19 pandemic, which has had a tremendous impact on the financial and physical health of Americans and businesses across the country. While there

Tips For Retirement Income Planning

By |2021-10-14T10:40:43-08:00April 2nd, 2019|Featured, Wealth Management Resources|

Time to Read: 10 minutes | Tips for Retirement Income Planning Much time, energy, and thought are put into the fundamentals of saving for retirement before retirement happens – how to allocate assets, understanding the benefits of tax-advantaged retirement accounts, etc.  Less emphasis is put on how to withdraw the funds once you’re in retirement.

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