- Many active adults buying into a 55+ community are also moving to different states. Whether that's for the climate, proximity to grandchildren, or the taxes, active adults are on the move. Taxes should be considered in-depth when moving to any state, including New Jersey. Here's what you need to know about taxes in the Garden State.
- Taxes are as important an aspect as any when it comes to moving states. If you're looking at a 55+ community in South Carolina here's what you need to know about ins and outs of South Carolina taxes.
- Florida has long been a destination for active adults and retirees. That's not just because of warm climate and sunny days, the state's low tax burden is also a huge plus. If you're thinking of moving to a 55+ community in Florida, here's a handy tax breakdown to guide you.
- Last month, President Trump signed into law a tax overhaul bill that divided many in Congress and around the nation. Supporters claimed that the new laws would ease financial burdens for the middle class while detractors claimed its intention was to help corporations and put the long-term burden on individuals.
- When it comes to retirement advice, you probably don’t think about sharing it with your kids because that’s something they don’t have to worry about for a very long time. But in actuality, it’s a great way to introduce to them topics about retirement planning and saving. Experts agree that talking about money and retirement will help children long term. According to a 2012 study by the LIMRA, a financial services trade association, 56% of all 18-to-34-year-olds are not saving for retirement, and one in two Americans are not saving at all for retirement. So it’s safe to assume that talking to your children early on about the importance of retirement savings can only help them with their future plans. After all, if we have good retirement tips shouldn’t it be our responsibility to pass them along to the younger generation and help them better prepare for their financial goals? Check out the retirement savings tips to pass along to your kids.
- Maintaining a good credit score is a top priority for many Americans – as it should be. It affects your ability to take out a mortgage, open a line of credit, or in some cases get a job. For those who have fallen behind on their credit score, retirement might be less comfortable than they originally envisioned
- Everyone wants to have a secure financial future but there are unforeseen events that could happen down the road. That’s why it’s important to have a plan in place when sorting out your finances for retirement. Some active adults and retirees seek the help of a financial advisor when planning for their retirement. It’s always a good idea to be prepared and informed when meeting with your financial advisor to get the most out of your planning session. Whether you are close to being retired or just a few years away, asking the right questions ahead of time can have a major impact in the long run.