Will you be paying more in taxes next year? Let’s ask the question in another way. Since politicians have taken aim at high earners: Are taxes going to rise for the wealthiest taxpayers? Clients usually ask, “How will this affect me?” Or, “Will I be ensnared by Congress’… Read More »Will Tax Law Changes Increase Your Taxes? Plus Market Update Through September
We were pleased to be featured in a podcast with DPL Financial, one of our insurance partners, on using commission-free annuities in your financial plan. For a listen, please head to https://url.emailprotection.link/?bVdmsXuVWd4IXmQYveVehYZ8dsW2VWQT5Gi7g87IBNDoereonznfmRfDuuZN6kgbsoQoOreat4Z4OyREkKvS8RMY4cuA0ojPZCTtRUP2XGTnBhqRd6tWqtJrxNPHShMXz. If you have an annuity that needs a review for fit with your financial plan, or… Read More »Kulig Financial Featured in DPL Financial Podcast
Secure Act In late 2019, the president signed the SECURE (Setting Every Community Up for Retirement Enhancement) Act into law. Required minimum distributions (RMDs) for employer-sponsored plans and IRA accounts were raised from 70 ½ years to 72 years old. It was a welcome change. The act also… Read More »Secure Act 2.0 and Market Review
Are you on track to retire comfortably? What are your financial goals? How much income will you need to generate each month when you have retired? What might be some of your longer-term goals outside the financial arena, but goals that would be aided by a larger pool… Read More »7 Ways to Stay on Track to Meet Your Retirement Goals and Market Update
I was pleased to participate in a panel at the Women’s Advisor Summit sponsored by Investment News in June. The topic for the panel was “Expand Your Offerings and Grow Your Practice with Commission-Free Annuities.” It was great a great panel of women in the business, including moderator… Read More »Nola Kulig was a Panelist for Women’s Advisor Summit in June 2021
A Look Back and a Look Ahead The year 2020 presented us with unique challenges. Never has a singular event had such wide-ranging repercussions as the Covid pandemic. It has touched nearly every area of our lives: schooling, socializing, family gatherings, travel, and more. And the restraints from… Read More »Review of 2020 and Financial Resolutions for 2021
It’s been a tough year for many in 2020, but it’s not over yet. There is still time to take care of financial planning moves before year-end, which are covered in this month’s newsletter. We also have a short recap of the markets through November. The planning moves… Read More »Checklist for Year-End Planning and YTD Market Recap
2019 saw the passage of the SECURE (Setting Every Community Up for Retirement Enhancement) Act at the eleventh hour. We wrote late last year about some key provisions to the act that have potential to impact your retirement accounts, depending on your finances (please see https://kuligfinancial.com/the-secure-act-and-its-potential-impact-on-your-retirement-accounts/). This post… Read More »SECURE Act Passes in Congress
Roth IRAs and 401(k)s are wonderful savings vehicles. Although you cannot claim a tax deduction for them, their earnings are untaxed and there is no income tax due when withdrawn in retirement, providing some requirements are met. Whenever possible, we recommend some portion of savings be devoted to… Read More »Roth Savings Strategies for High Earners: Strategy #1 – the Back Door Roth IRA
This month’s post is a short, but potentially important follow up note on Social Security benefits. Last November, I wrote to make sure my readers were aware of the fact that Social Security “file and suspend” strategies were being significantly altered. Essentially they were eliminated for the vast… Read More »Social Security Issues Procedures and Deadline for File and Suspend Social Security Strategies