Cravitz Financial & Insurance Solutions

When is the best time to do a Roth conversion?

In this video, we cover 5 smart times to consider converting to a Roth IRA, including during market downturns, in years with lower income, and in the gap between retirement and required minimum distributions.

It's important to plan now to help lower your taxes in the future.

5 Smart Times to Do a Roth Conversion Retire with Confidence: https://cravitzfinancial.com/our-process/CONTACT ☎️Website: https://CravitzFinancial.com/Phone: 714-462-9155Email: Ryan@CravitzFinan...

Retirement planning usually takes place over decades. Checking in with yourself throughout the planning process can keep you on track, but you also need to give your finances a hard look.

In this video, we lay out 5 steps you need to make before you tell the boss goodbye:

1. Decide when to claim Social Security
2. Determine whether you have adequate savings
3. Decide on a withdrawal strategy
4. Schedule check-ins
5. Consult an Advisor

Retiring in 2025? 5 Money Moves to Make Before You Retire. Retirement planning usually takes place over decades. Checking in with yourself throughout the planning process can keep you on track, but you also need to g...

According to the Bureau of Labor Statistics, the average annual expenses for people 65 plus in 2021 was about $52,141.00, which works out to about $4,345 a month.

But as we talk about here, no two people are alike, so figuring out how much money YOU will need depends on your lifestyle and your unique retirement goals. To determine what you'll need for a comfortable, monthly retirement income, first walk through these prompts:

1. Picture your ideal retirement
2. Create a spending plan
3. Consider common risk factors
4. Build a robust nest egg
5. Create a legacy plan

What is a Good Monthly Retirement Income For You in Retirement? According to the Bureau of Labor Statistics, the average annual expenses for people 65 plus in 2021 was about $52,141.00, which works out to about $4,345 a m...

The 2.5% cost of living adjustment reflects a steady decline in inflation.

However, it looks like the standard Medicare Part B premium is going up almost 6%!

That likely doesn't mean you'll see a smaller Social Security check in January, but if you're wondering how this will affect you we will walk through the following in this video:

➡️Does the COLA affect when we should claim our Social Security benefits?
➡️How does this jump in the cost of Medicare Part B affect my Social Security check?
➡️How will this COLA affect the taxes we pay on our SS benefit?

Social Security COLA up 2.5% for 2025...Medicare Part B projected to jump 5.9% The 2.5% cost of living adjustment reflects a steady decline in inflation. However, it looks like the standard Medicare Part B premium is going up almost 6%!...