| UPAL | Physicians Financial Service | Tulsa investment Advisor

Retirement in Sight – June 2022

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 age 65 and have funded an HSA, you can utilize

July 19, 2022

Social Security by the Numbers

Facts about the federal Old-Age, Survivors, and Disability Insurance (OASDI) program. February 26, 2019 Social Security has been a pillar of retirement life for several decades, but how much do you really know about it? Here are some facts that might surprise you: The Social Security trust fund exceeds the gross domestic product of every major economy in the world, except the nine largest: China, the European Union, the United States, India, Japan, Germany, Russia, Indonesia, and Brazil.1 For 61% of retirees, Social Security is a major source of income.1 Benefits are subject to federal income taxes, but it wasn’t

February 26, 2019

Retirement in Sight – October 2018

Monthly News and Information for Current and Future Retirees Presented by UPAL- OCTOBER 2018 QUOTE OF THE MONTH “Know how to listen, and you will profit even from those who talk badly.” Plutarch THREE YEARS OR LESS TO RETIREMENT? GET READY If retirement feels less like a possibility and more like an oncoming certainty, then it is time to respond. This is the time to firmly decide whether you want to “age in place” in your current home or relocate. This is when you work on sustaining the friendships you have made in your career, while also figuring out how

October 17, 2018

When Is Social Security Income Taxable?

To find out, look closely at two factors. September 28, 2018 Your Social Security income could be taxed. That may seem unfair or unfathomable. Regardless of how you feel about it, it is a possibility. Seniors have had to contend with this possibility since 1984. Social Security benefits became taxable above a certain yearly income level in that year. A second, higher yearly income threshold (at which a higher tax rate applies) was added in 1993. These income thresholds have never been adjusted upward for inflation.1 As a result, more Social Security recipients have been exposed to the tax over

September 28, 2018

Tag: Social Security

In This Section

ACCOUNT LOGINS

ABOUT UPAL

EXPLORE YOUR 401(K) OPTIONS

CONTACT UPAL TODAY FOR A NO-COST, NO-OBLIGATION PLAN REVIEW.

Retirement

Education

Partners

Membership

News & Insights

About UPAL

Contact Us