Before cashing out your 401(k) for immediate funds, consider the potential long-term consequences. In this blog, we’ll discuss important factors to consider regarding your retirement savings and what you need to know to make informed decisions. You know the goal of your 401(k) plan is to save. But while you’ve been working hard to contribute […]
Factors to Consider Before Cashing Out Your 401(k) Read More »
Tax Day is tomorrow! Are you prepared? These last-minute tax tips will help you handle Tax Day like a pro and potentially save you some cash and stress along the way. We all dislike paying taxes. Still, the saying coined by Ben Franklin more than 200 years ago—“Nothing is certain except death and taxes”—rings true
Last Minute Tax Filing Tips for Iowans Read More »
Retirement is a time that many people look forward to. It’s time to finally sit back and enjoy some well-deserved rest and relaxation. However, with any major life change it’s important to plan ahead and help be prepared for the unexpected. To help retirees in Iowa face these financial challenges with confidence, Johnson Wealth and
Planning for Unexpected Expenses in Retirement Read More »
The key to building the right retirement portfolio is to balance risk and rewards. Planning for retirement is vital for helping to secure your financial future, and investing plays a critical role in building your nest egg. But did you know that it’s equally important to balance the risks and returns of your investments for
Investing Strategies: Balancing Risk and Return Read More »
April is Financial Literacy Month, which provides an opportunity to focus on the complexity that an aging America faces as they transition to their golden years. Discover how financial literacy can help you secure a fruitful retirement here. At Johnson Wealth and Income Management, we understand the unique challenges that Iowa retirees face and are
Celebrating Financial Literacy Month with Johnson Wealth and Income Management Read More »
Iowa may not be the first place that comes to mind when considering retirement destinations, but this Midwestern state has a lot to offer retirees. With its affordable cost of living, beautiful natural scenery, and friendly communities, Iowa can be an excellent choice for those looking to settle down and enjoy their golden years. In this
Your Guide To Retiring In Iowa Read More »
As we age, planning for the future becomes increasingly important. One area that many retirees may overlook is long-term care planning. Long-term care is essential for retirees in Iowa, and planning ahead is crucial to help ensure a comfortable and secure retirement. According to the U.S. Department of Health and Human Services, an estimated 70%
Planning for Long-Term Care in Iowa Read More »
As you approach retirement age, one of the most important decisions you’ll have to make is selecting the right Medicare Coverage. With so many healthcare options available, it can be overwhelming to navigate the Medicare system and choose the best plan for your needs and budget. Below, we’ll take a look at some key factors
Navigating Medicare: How to Choose The Best Coverage for Your Needs Read More »
As we age, our financial well-being becomes increasingly important. Retirement planning is crucial, especially for women who tend to have longer lifespans, lower retirement savings, and fewer pension benefits than men. In Iowa and across the nation, women just like you face unique challenges in retirement, but there are ways to help empower yourself and
Empowering Women In Retirement Read More »
Individual retirement accounts (IRAs) are one tool in the retirement planning toolbox that help you save money for retirement in a tax-advantaged way. But many are underutilizing them. When it comes to saving for retirement, you might already be on your way with automatic contributions into a 401(k) account. But that’s not your only retirement
3 Ways to Demystify IRAs Read More »
All written content on this site is for informational purposes only. Opinions expressed herein are solely those of Retirement Income Source and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. Investing involves risk. There is always the potential of losing money when you invest in securities. Asset allocation, diversification and rebalancing do not ensure a profit or help protect against loss in declining markets. All information and ideas should be discussed in detail with your individual advisor prior to implementation. Investment Advisory Services offered by Sound Income Strategies, an SEC Registered Investment Advisory Firm. Johnson Wealth and Income Management and Sound Income Strategies, LLC are not associated entities. Johnson Wealth and Income Management is a franchisee of Retirement Income Source. Retirement Income Source and Sound Income Strategies, LLC are associated entities.
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