Milford Financial Blog
At Milford Financial, we’re committed to helping you make informed financial decisions. Our blog offers insights on retirement planning, tax strategies, and more—designed to provide clear, valuable guidance for your financial journey.
Understanding how Required Minimum Distributions (RMDs) impact your retirement taxes is an essential part of retirement planning. Beginning at age 73, retirees are required to withdraw a minimum amount from their retirement accounts each year, which is then subject to taxation. While RMDs ensure retirement funds are taxed,
For those approaching or in retirement, protecting retirement wealth is a top priority. While accumulating savings is critical, ensuring those savings endure is just as essential. A well-designed strategy incorporating diversification and thoughtful planning can help manage the challenges of market fluctuations, inflation, and potential unexpected expenses. By combining diversification
Including life insurance in estate planning is an important step for many, offering more than just financial protection for beneficiaries after the policyholder’s passing. It also serves as a flexible tool within a larger financial strategy. This approach can assist with liquidity needs, enhance tax planning,
Deciding on your ideal retirement lifestyle is a big step that can shape the quality of your life in your golden years. For many, this includes moving into a retirement community surrounded by others at a similar stage of life. Choosing the right retirement community goes beyond simply finding a
Thinking about retirement? It’s all about creating a plan that keeps you financially steady and able to enjoy the lifestyle you’ve worked hard for. A reliable, clear, written retirement income plan is key, and building one means considering various income sources, inflation, taxes, and even unexpected expenses. In this article,
Effective estate planning is crucial for ensuring that your intentions are honored and your financial legacy is preserved. While it may seem complex or unnecessary to some, careful planning is vital for individuals of all wealth levels. Without a clear plan, your estate could be distributed according to
As part of comprehensive healthcare planning, it’s essential to consider the possibility of needing long-term care. Long-term care insurance (LTCI) …
Retirement is often viewed as a time to explore new experiences, pursue long-held interests, and potentially enjoy the fruits of …
With advancements in healthcare and improvements in living standards, people are living longer than ever before, making longevity risk a …
Retirement is a time to embrace new interests and a more relaxed pace, yet maintaining good health in retirement and …
When preparing for retirement, it’s essential to consider all factors that could impact your savings, with inflation being a critical …
When you’re planning for retirement, Social Security should play an integral role in your strategy. Yet, optimizing <a …
The Birth of a Grandchild
Congratulations! The arrival of a grandchild is always an exciting time. Since many grandparents wish to assist in covering their grandchildren’s future financial needs, it’s also a good time to consider financial preparations for the future. If you hope to provide funds to your grandchildren, both 529 plans and trusts are beneficial options.
Past performance is not indicative of future results. The material above has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed, and Milford Financial makes no representation or warranty as to the accuracy or completeness of the information, which should not be used as the basis of any investment decision. Information contained on third party websites that Milford Financial may link to are not reviewed in their entirety for accuracy and Milford Financial assumes no liability for the information contained on these websites. Opinions expressed in this commentary reflect subjective judgments of the author based on conditions at the time of writing and are subject to change without notice. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission from Milford Financial.
