Traditions
Wealth Insights

Part 1: Balancing Risk in Retirement Research from Capital Group shows a key insight: once clients enter the distribution phase of life, the emotional need for security often outweighs the pursuit of maximum returns. For many retirees, the fear of seeing a portfolio drop during a market correction can be more stressful than the risk of outliving savings. This heightened risk aversion shapes how retirement strategies should be structured. The Case for a More Conservative Appr

Will you pay income tax on Social Security in retirement? For now, the answer in many cases is yes. This could change in the coming years as lawmakers debate changes to Social Security, including a proposal to eliminate the federal income tax on Social Security completely. While retirees might welcome this change, the idea faces political headwinds. For now, about 2 out of every 5 Social Security recipients will pay federal income taxes on their benefits, usually because they

Employees are reaching retirement age with little preparation of what's to come. According to fintech provider IRALOGIX Retirement Readiness Index, the national retirement readiness score is 45.8 out of 100. The index measured retirement preparedness across five key areas, including savings and investments, healthcare readiness, lifestyle and spending, emotional well-being and economic and policy confidence. Scores under 50 point to a "moderate risk" zone, according to their

March Madness is not just about basketball, as you are finishing your taxes, why not re-evaluate your retirement plan. How much do you need to save for retirement? It's one of the most common questions people have. And no wonder. There are so many imponderables: When will you retire? How much will you spend in retirement? And for how long? Our savings factors are based on the assumption that a person saves 15% of their income annually beginning at age 25 (which includes any e