3 Ways to Avoid Unnecessary Losses and Expenses Build a Strong Financial Foundation During Retirement
Our utmost priority is to preserve your wealth and reduce your risk of unnecessary losses. We’ve heard stories from clients who endure heartbreaking experiences that cost them thousands of dollars — and we don’t want that to happen to anyone else! An area discussed frequently is retirement and how you can prepare. Sometimes, uncertainties arise that cause our retirement plans and goals to shift. And many have concerns about their finances during retirement and how they can make it last throughout their golden years.
Security.” To download the book and view the interactive video, please visit TinyURL.com/5n83ps6j .
STAY UP TO DATE WITH REQUIRED MINIMUM DISTRIBUTIONS (RMDS).
RMDs are the minimum amounts you must withdraw from your retirement accounts each year. If you don’t take out any money, you could face a hefty tax penalty! According to the IRS, you must begin taking withdrawals from your IRAs, SEP IRAs, or SIMPLE IRAs when you’re 73. For those with 401(k)s or other profit-sharing plans with your employer, you can delay taking out RMDs until you retire. PREPARE FOR LONG-TERM CARE COSTS. Did you know that, on average, a married retired couple could spend more than $300,000 on medical fees and other expenses? Because of this, it’s essential to consider these expenses in advance and ensure you have enough money saved to cover these costs or have an insurance policy to help you pay for them. We understand how stressful this can be for you. Luckily, you don’t have to do it alone! Please contact us today to speak with a trusted financial advisor at DuPont Wealth Solutions and help get your retirement funds on the right track.
Today, we wanted to share our top tips on keeping your finances strong during retirement.
MAXIMIZE YOUR SOCIAL SECURITY. While you can’t rely on Social Security to carry you throughout your retirement, there are some methods you can use to ensure you’re getting the most out of your benefits. Some strategies include taking your benefits at the right time and not using them all at once, waiting until the full retirement age to start collecting, claiming spousal, dependent, or survivor benefits, and more. If you want more information on the topic, Greg DuPont provides excellent resources in his new e-book, “How to Maximize Social
SUDOKU
WALNUT AND BLUE CHEESE TOMATO SALAD
Inspired by FeastingAtHome.com
This salad makes a unique side dish and healthy next-day lunch!
INGREDIENTS
1/2 cup walnuts
Chopped fresh Italian parsley, to taste
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2 lbs ripe heirloom tomatoes
Kosher salt, to taste Black pepper, to taste
3 tbsp olive oil
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2 tbsp red wine or balsamic vinegar 1 garlic clove, finely minced
1/4 cup smoked blue cheese, thinly sliced
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1 tbsp fresh dill
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1. Preheat oven to 350 F. On a baking sheet, toast the walnuts in the oven for 12–14 minutes. 2. Wash and slice the tomatoes. Place slices on a platter, slightly overlapping. Sprinkle with salt and pepper to taste. 3. Scatter toasted walnuts and blue cheese on top, followed by dill and preferred amount of parsley. 4. In a small bowl, whisk olive oil, wine or vinegar, and garlic to make the dressing. 5. Spoon dressing evenly over salad and serve. DIRECTIONS
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