Gain Peace of Mind and Empowerment with These Meaningful Financial Moves Widowhood is one of the highest financial risk factors women can face, with an increased risk of falling into poverty after losing their late spouse’s income. Social Security benefits are also cut, anywhere from 33% to 50%, and further losses can be accrued […]
Keep these aspects of estate planning in mind to better prepare for the future. Estate planning is all about looking toward the future and preparing a strategy that accomplishes your goals and meets your loved ones’ needs. Planning your estate often includes, but is not limited to, a will and/or revocable living trust and […]
Retirement Can Be an Exciting Period of Life, You Just Have to Plan Accordingly When you think of planning for your transition into retirement, your focus may be mostly on the financial aspects. This is necessary, of course, to be sure you have enough saved to last your entire retirement, fund your healthcare costs, keep […]
Are You Taking Advantage of These Four Tax Opportunities to Achieve Significant Savings? There are many benefits that come with having a high net worth, but it also means tax planning is a bit more complex. If you don’t have a thoughtful tax strategy in place, you could miss out on key tax benefits and, […]
Now is The Time to Strengthen Your Finances and Finalize Your Retirement Plans While it’s true that it’s better to begin saving earlier rather than later, it’s not too late to start building wealth in your 50s. In this decade of life, there are still smart moves you can make to help strengthen and grow […]
How to Make Smart Choices in the First 10 Years of Retirement October is Financial Planning Month and it’s a good time to consider your financial future and take steps to avoid the top financial planning challenges many retirees face. The start of your golden years may seem like the right moment to put away […]
Enjoy the Financial Benefits of Your Philanthropic Efforts Charitable giving tax advantages are probably not the first thing on your mind when you decide to make a philanthropic gift. After all, deciding to give to an organization or cause that you care about is a personal decision reflective of your values, passions, and hopes for […]
If You Find Yourself Struggling to Adjust to Retired Life, You’re Not Alone Most of the advice surrounding retirement planning pertains to the financial aspects, like creating reliable income streams and devising a Social Security strategy. These are certainly crucial planning considerations, but there’s more to retiring than making smart money moves. After all, leaving […]
Smart Retirement Planning Lets You Enjoy Life Now While Setting You Up for Success in the Future, Too When it comes to your retirement plan, it can be difficult to strike the right balance between saving and investing enough to ensure you reach your future goals, while also allowing yourself to spend enough money to […]
Wouldn’t you love to live like it’s summer vacation forever? With a strong financial retirement strategy, you can. How? When it comes to finances, looking at the long-term game is often the smartest course of action. That’s why we suggest setting up your own personalized “retirement strategy scorecard,” a method that can help you get […]
Contact us today to speak to one of our trusted advisors and learn how our team can partner, educate, and guide you on your path to financial confidence.
Check the background of this firm on
Copyright © 2023 H&R Wealth Management
Securities and Investment Advisory Services offered through Brokers International Financial Services, LLC. Member SIPC. Brokers International Financial Services, LLC is not an affiliated company.
This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of services referenced on this site are available in every state and through every advisor listed.
H&R Wealth Management does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.
Not associated with or endorsed by the Social Security Administration or any other government agency.
Fixed Annuities are long term insurance contacts and there is a surrender charge imposed generally during the first 5 to 7 years that you own the annuity contract. Withdrawals prior to age 59-1/2 may result in a 10% IRS tax penalty, in addition to any ordinary income tax. Any guarantees of the annuity are backed by the financial strength of the underlying insurance company.
Converting an employer plan account or Traditional IRA to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may have several consequences including but not limited to, a need for additional tax withholding or estimated tax payments, the loss of certain tax deductions and credits, and higher taxes on Social Security benefits and higher Medicare premiums. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.
