10 Ways to Increase Your Social Security Payments
If you are looking to maximize your Social Security retirement benefits, here are 10 ways to do so, with commentary from our associate advisor, Leah Woodly.
Will Social Security be there When I Retire?
With the state of the economy, there are many concerns regarding the sustainability of Social Security. We've had countless nurses and other health care professionals tell us that they don't believe they can count on Social Security when they retire. The Social Security debate has been going on for decades, and while the pandemic showed us that anything can happen, we believe Social Security is here to stay.
The New SAVE Plan and Different Student Loan Repayment Options for Nurses and Other Public Service Professionals
Unless you’ve been living your best, unbothered life on a remote island in Bali, then you know, the Supreme Court made the decision to block the Biden administration’s student debt relief plan. This plan would have permitted the discharge of up to $20,000 of federal student loans for approved applicants. The ruling, which was issued on June 30th, may have disrupted the plans of what the White House estimated to be $26 Million people2 who applied or were eligible for one-time debt relief. If you are one of those borrowers, here’s what you need to know about the new SAVE Repayment Plan and other Repayment Options to help you finally get rid of your student loans.
Should I Rollover My Old Company Retirement Plan?
Investing Outside of Retirement Accounts
Contributing to your employer-sponsored retirement plan is now a no-brainer. You’ve gotten settled with contributing and you are contributing enough to get your employer match. You feel like you should be doing more, but what does that look like? This is a common question we get, especially from young nurses. There is an urge to feel like you should be doing something else instead of just contributing to your 401(k).
Should You Be Concerned About the Bank Failures?
The recent failure of Silicon Valley Bank along with a couple other at-risk financial institutions has been well publicized in our crisis-du-jour media. We also learned Credit Suisse was bought out by UBS through a Swiss government facilitated sale. These tremors in the banking system have rightfully caused some concerns about the safety of cash reserves and potential impacts on markets.