Navigating the intersection of Social Security and taxes can be a complex yet important aspect of retirement planning. Understanding how Social Security benefits are taxed and the strategies available to minimize tax liabilities can significantly impact your financial...
As we approach the midpoint of 2024, it’s an opportune time to review our financial health. Larry Roby, CEO and financial advisor at SFA Wealth Management, recently shared valuable insights on NewsChannel5 about the essential steps to ensure your finances are on track...
Planning for a sustainable income in retirement is a crucial aspect of financial stability. One effective approach to achieving this goal is the retirement bucket strategy. This method divides your savings into distinct categories or “buckets” based on...
As you approach retirement, securing your financial future becomes paramount. While investments and savings are critical, income protection must often be noticed. At SFA Wealth Management, safeguarding your income is crucial to ensure a stable and comfortable...
As a high-income beneficiary, you might be subject to a surcharge on your Medicare Part B premiums known as the Income-Related Monthly Adjustment Amount (IRMAA). This can be a significant additional cost, so it’s essential to understand how it works and explore...
