Blog

Explaining Stretch IRAs under the New SECURE Act

The new SECURE Act of 2019 implemented important rule changes regarding the previously known “stretch IRA”. These changes have a significant effect on wealth transfer strategies. Listen in as advisor Joe Mcleod explains how the people we serve are most affected by this new law. Make sure to contact us today to check that your estate plan is still set up correctly to achieve your objectives.

Expecting a Market Downturn? Follow the “Noah Rule”.

Predicting a major economic or financial event—whether that’s a recession, market downturn or even your own retirement—requires that you also take action. Otherwise your prediction was meaningless.

Secure Act includes one critical tax change ‘that will send estate planners reeling’

On Dec. 20, President Trump signed into law the awkwardly named Setting Every Community Up for Retirement Enhancement Act (Secure Act). The new law is mainly intended to expand opportunities for individuals to increase their retirement savings. But it also includes one big anti-taxpayer change that will send some financially comfortable folks and their estate planners reeling. The Secure Act includes some other important tax changes that have nothing to do with retirement.

78% of Americans Believe They’ll Be Better Off Financially in 2020

There’s no more popular time than the end of a calendar year, or the start of a new one, to contemplate personal finances and resolve to do better. And there’s good news from investment giant Fidelity in this regard: An estimated 78% of Americans expect to be better off financially in 2020 than they are right now. And when you see what steps they’re planning to take to improve their finances, you’ll understand why.

3 Pieces of Dated Retirement Advice you Should Ignore

No matter what lifestyle you plan in retirement, preparing for it is never simple. Those who don’t put off planning altogether often look for simplified rules to follow instead. But these rules can give you a false sense of security about how prepared you are, causing you to come up short in your later years. Here are three of these rules you shouldn’t rely upon — and how to come up with an accurate retirement plan instead.

One Minute Retirement with Raleigh Wealth Solutions- Estate

The holidays are the best time to reflect on the importance of family in our lives. Have you thought about what will happen to your assets when you pass? Will your friends and family members be the beneficiaries of your money or will Uncle Sam?

One Minute Retirement with Raleigh Wealth Solutions- Risk

Retirement is not the time to take risks with your money and you can’t protect yourself if you aren’t aware of what these risks are. Tune in this week as advisor Joe Mcleod explains the risks associated with retirement income!

One Minute Retirement- Income

There are a number of different ways you can earn income in retirement. Do you have it all figured out? Tune in as advisor Joe Mcleod explains your options! Remember, some of these concepts can be a lot to figure out on your own. Call us today so we can help you feel confident that you won’t run out of money when you finish working! 919-852-1215

One Minute Retirement- Taxes Part II

Tune in to our video blog series this week as Brian Raleigh explains social security taxes. Did you know that your benefits are taxable? Make sure you understand exactly how the government determines how much of your social security benefits you get to keep, and how much you have to give back.

One Minute Retirement- Taxes Part I

Tune in to our video blog series this week as President and Founder of Raleigh Wealth Solutions, Brian Raleigh, discusses one of the firm’s core beliefs when it comes to mitigating your taxes in retirement. We know that taxes are a main concern for a lot of our select families and we provide the expertise and guidance that they need to make strategic decisions in this phase of their life.

One Minute Retirement- “Enough”

Join us for week 2 of our video blog series as advisor Jim Groves discusses what it means to have “enough” in retirement.

One Minute Retirement- RMDs

YOU WON’T WANT TO MISS THIS! Raleigh Wealth Solutions is excited to present it’s first ever video blog series “ONE-MINUTE RETIREMENT”! Tune in to hear advisors Brian Raleigh, Joe Mcleod, and Jim Groves explain common concerns of retirees in 60 seconds.

The 12 Steps You Should Take to Protect Your Money and Prepare for the Next Recession

Are you recession-ready? Shore up your safety net, improve your job prospects, work on your trouble spots, protect your retirement savings, and more: You need to protect your money now. Just four months after the current economic expansion officially became the longest in U.S. history, signs of its impending demise seem to be everywhere.

You may think you have planned for everything in retirement…but have you planned for this?

Even if you think you’re doing a good job of preparing for anything life can throw at you, there’s one commonly ignored factor that can make or break your retirement: life expectancy.

2019 is almost over…have you accomplished your financial resolutions?

Achieving financial success comes down to two things: 1. Set measurable goals. 2. Hold yourself accountable for achieving them.

Avoid Making these 3 HUGE Tax Mistakes Ahead of your Retirement

If you think you are doing a good job saving for retirement by diligently putting money in to your 401k, you might want to read this article from Market Watch by David McKnight!

The Deadline for Needing Six Figures in Savings

Are you or someone else you know near this “golden number”? If so, you should take a look at your savings and seriously consider some of the points Kevin O’Leary discusses below:

Are you nervous to spend?

The U.S. economic recovery, the longest in recorded history, has increased Americans’ wealth by $52 trillion, according to the Federal Reserve. Wall Street is bursting with new money. U.S. stocks trade near record highs.

Bubble Wrap & Protect your Portfolio!

Chances are you have used bubble wrap to protect something important and expensive. Don’t your lifelong earnings deserve the same care?

Are you Maximizing your Social Security Benefits?

If you are getting ready to retire or have already retired, you know that there are a lot of factors to consider when taking social security.

Will your savings be ok in bad markets?

No one can predict the markets with 100% certainty. However, people do want to feel confident about their retirement savings, regardless of what the markets are doing.

Would you give up having kids to retire early?

Early retirement requires careful consideration…are you prepared?

Is your Current Financial Plan Tax Strategic?

With the help of a qualified financial professional, like those at Raleigh Wealth Solutions, you might be able find specific strategies that will help you to lessen the financial blow of social security and RMD taxes.