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Coronavirus & More

Coronavirus & More The 24-Hour News Cycle moves from Impeachment to COVID-19 to the Primaries – What’s next?  In recent weeks, we’ve seen several major stories in the news. On the political front, in addition to the arrival of the presidential election through the 2020 caucuses and primaries, we have just experienced the third presidential impeachment in American history. In international news, the latest coronavirus outbreak has hit China, now referred to as COVID-19, leading to closed borders and heightened [...]

By |2020-03-23T13:40:31-04:00March 12th, 2020|Business/Economic News|Comments Off on Coronavirus & More
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A Retirement Fact Sheet

A Retirement Fact Sheet Some specifics about the “second act.”      Does your vision of retirement align with the facts? Here are some noteworthy financial and lifestyle facts about life after 50 that might surprise you. Up to 85% of a retiree’s Social Security income can be taxed. Some retirees are taken aback when they discover this. In addition to the Internal Revenue Service, 13 states currently levy taxes on some or all Social Security retirement benefits: Colorado, Connecticut, Kansas, [...]

By |2020-03-23T13:42:56-04:00February 20th, 2020|Retirement, Savings and Investing|Comments Off on A Retirement Fact Sheet
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Health Care Costs are Cutting into Retirement Preparations

Health Care Costs Are Cutting into Retirement Preparations This is happening in subtle and not-so-subtle ways.  You may have seen this statistic before or one resembling it: the average 65-year-old retiring couple can now expect to pay more than $250,000 in health care expenses during the rest of their lives. In fact, Fidelity Investments now projects this cost at $285,000. The effort to prepare for these potential expenses is changing the big picture of retirement planning.1 Individual retirement savings strategies [...]

By |2020-02-13T13:29:23-05:00February 6th, 2020|Financial Fitness, Healthcare|Comments Off on Health Care Costs are Cutting into Retirement Preparations
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The Major Retirement Planning Mistakes

The Major Retirement Planning Mistakes Why are they made again and again?  Much is out there about the classic financial mistakes that plague start-ups, family businesses, corporations, and charities. Aside from these blunders, some classic financial missteps plague retirees. Calling them “mistakes” may be a bit harsh, as not all of them represent errors in judgment. Yet whether they result from ignorance or fate, we need to be aware of them as we plan for and enter retirement. Leaving work [...]

By |2020-01-28T16:07:01-05:00January 23rd, 2020|Retirement|Comments Off on The Major Retirement Planning Mistakes
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New I.R.S. 2020 Contribution Limits

New I.R.S. Contribution Limits Changes for 2020.   The I.R.S. just increased the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at the changes. *Next year, you can put up to $6,000 in any type of IRA. The limit is $7,000 if you will be 50 or older at any time in 2020.1,2 *Annual contribution limits for 401(k)s, 403(b)s, the federal Thrift Savings Plan, and most 457 plans also [...]

By |2020-01-02T11:29:45-05:00January 2nd, 2020|Investing, Retirement|Comments Off on New I.R.S. 2020 Contribution Limits
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Photo Credit

Thank you to Salmon Falls Photography in Plymouth for use of their lovely photo in our header!

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Disclaimer

Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and North Light Financial Services are not affiliated. Cambridge does not offer tax advice. Office of Supervisory Jurisdiction: 46 Accord Park Drive / Norwell, MA 02061 Phone: 781-878-4063 Due to various state regulations and registration requirements concerning the dissemination of information regarding investment products and services, we are currently required to limit access of the following pages to individuals residing in states where we are currently registered: CA, FL, GA, HI, KY, IL, LA, MA, ME, NC, NE, NM, OR, RI, SC, TX, VT, WV. If we are not currently registered in your state please email us at info@northlightfinancialservices.com. We may be able to refer you to a representative in your area, or we may become registered in your state, at which time we could further discuss our services with you.

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