NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – JULY 2022 QUOTE OF THE MONTH “Often we don’t even realize who we’re meant to be because we’re so busy trying to live out someone else’s ideas.” OPRAH WINFREY WHO CLAIMS SOCIAL SECURITY AT 62, AND WHY? In a perfect world, most would consider waiting until their full retirement age to file for Social Security. The longer you wait to claim your retirement benefit, your monthly Social Security payment becomes larger. However, some seniors apply for Social…
MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – JUNE 2022 QUOTE OF THE MONTH “The question isn’t at what age I want to retire, it’s at what income.” GEORGE FOREMAN HEALTH SAVINGS ACCOUNTS FOR RETIREMENT If you have the chance to open a Health Savings Account (HSA), you might want to take a look. An HSA is a tax-advantaged account that you can use to pay for qualified medical expenses. Many people retire before age 65, the age of Medicare eligibility. If you retire before…
MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – MAY 2022 QUOTE OF THE MONTH “Age is just a number. Life and aging are the greatest gifts that we could possibly ever have.” CICELY TYSON RETHINKING RETIREMENT Some of the “conventional financial wisdom” circulating about retirement may need a second look because those assumptions may not prove true for everyone. Or, to put it another way, sometimes people think about retirement conveniently rather than realistically. Many people assume they will retire as they choose, purely on…
MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – APRIL 2022 QUOTE OF THE MONTH “To me, retirement means doing what you have fun doing.” DICK VAN DYKE A SPRING CLEANING FOR YOUR RETIREMENT STRATEGY Spring cleaning: you tidy up, organize, and put things in order. You can take a “spring cleaning” approach to your retirement, just as you can with your home or garage. It may be helpful, especially if retirement seems near. This is a good time for a review of your retirement accounts….
Join us Thursday, April 14 at 3:30 pm Key leaders in our investment management team will review the latest U.S. and global economic conditions and discuss what it means for you and your business. We’re pleased to have Liu Liu joining us for an in-depth look at international markets. Thursday, April 14, 2022 3:30 – 4:30 p.m. CT Submit a Question You may submit a question in advance using the button below. All questions will be submitted anonymously to our presentation team. Questions may also be submitted during the Q&A portion…
MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – MARCH 2022 QUOTE OF THE MONTH “The biggest adventure you can ever take is to live the life of your dreams.” OPRAH WINFREY A STRATEGY FOR MONETARY GIFTS FOR FAMILY Have you ever thought about giving financial gifts to your kids or grandkids? Many affluent retirees and pre-retirees do this, often with an eye toward furthering family wealth. First, the basics. The Internal Revenue Service for 2022 increased the yearly gift tax exclusion to $16,000, so as…
MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES Presented by UPAL – FEBRUARY 2022 QUOTE OF THE MONTH “You can’t be that kid standing at the top of the waterslide, overthinking it. You have to go down the chute.” TINA FEY GUARDING AGAINST THE FOUR COMMON MONEY BIASES Our attitudes about investing, saving, spending and financial matters are shaped by a variety of influences, both early and later in life. These attitudes can foster some very good habits, ones that may promote smart financial choices, early investment, and the…
MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – JANUARY 2022 QUOTE OF THE MONTH “We contain all the ages we have ever been.” ANNIE LAMOTT HOW MUCH WILL SAVING AN EXTRA $1K EACH YEAR HELP YOU? Did you ever wonder what might result from such a small boost to your retirement saving effort, even in midlife? While there is no ready answer to this question thanks to the many variables inherent in financial markets and investment choices, some ballpark math offers an illustration of the…
MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – DECEMBER 2021 QUOTE OF THE MONTH “Often when you think you’re at the end of something, you’re at the beginning of something else.” FRED ROGERS WHEN YOU ARE WITHIN FIVE YEARS OF RETIREMENT If your anticipated retirement date seems about five years away, think about some of the proactive steps you could take before that date arrives. Acting now could save you some stress later on when you move from your full-time career to the next phase…
MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – NOVEMBER 2021 QUOTE OF THE MONTH “The possible’s slow fuse is lit by the imagination.” EMILY DICKINSON IF THE SECURE ACT 2.0 BECOMES LAW, WHAT CHANGES? When the Setting Every Community Up for Retirement Enhancement (SECURE) Act became law on January 1, 2020, it altered rules for retirement accounts with a goal of helping both retirees and pre-retirees. More rule changes might be ahead, because a legislative sequel, known popularly as SECURE Act 2.0, is now proceeding…
