Blog
Medicare in 2023: Here’s What You Need to Know
The 2023 Medicare premiums, deductibles, and coinsurance amounts were released at the end of September, and for the first time in several years, some premiums are lower. Open enrollment starts on October 15th and ends on December 7th, 2022. During enrollment, you can...
Debt and Retirement: Can You Handle Both?
Saving enough for retirement while carrying and paying off debts can be an uphill battle. For some pre-retirees, debt repayment is the primary focus over savings, leading them to delay or reduce their retirement lifestyle. But if you’ve been struggling to save, It’s...
Informed Donating
If you want to make charitable donations before the end of the year, you’re not alone. According to Giving USA, an estimated $484 billion was given to charity in the U.S. in 2021, a 4% increase from 2020. Regardless of the causes you support, there are a few...
Unwrap a Holiday with Less Financial Stress
The stores are decorated, the lights are strung, and the holiday events have started. Even though everything is shiny and cozy, it’s hard to ignore that tiny feeling that the holidays seem to feel more expensive each year. But you’re not alone; holidays are a...
Retiring Abroad
If you dream of living abroad, retirement may be the best time. Over half a million Americans living outside the US receive some Social Security, and that number is expected to grow. Many retirees cite cost of living as their reason for moving, while others say...
Personal Finance Mistakes to Avoid
There are hundreds of articles on the so-called “biggest financial mistakes” that people make and some tips on avoiding them. We’re used to seeing common examples of how peoples’ activities, like overspending or making minimum payments, may get people in trouble....
The 2023 Cost-of-Living Adjustment
If you’re one of the approximately 70 million retired Americans collecting Social Security benefits, you’ll see an 8.7% Cost-of-Living Adjustment (COLA) increase in 2023. Supplemental Security Income (SSI) beneficiaries will see increased payments starting December...
Thoughtful Fiduciary Managed 401(k) Plan
Thoughtful Advisors is very proud to announce our new Thoughtful Retirement Plan portal is online! If you haven't opened a 401(k) plan because you thought they were too expensive, too time consuming or didn't want someone bothering you, take a moment...
Retirement Plan FAQs
We get a lot of questions about investments, especially retirement plans. While everyone has different needs and goals, here are a few common questions we receive, and some basics to consider. When should I start investing? Every person is different, but the general...
Preparing for What Is Coming Your Way
We are in the middle of a historic financial situation. Take a moment and look at this chart. Through mid October, stocks (S&P 500) AND bonds (10yr US Treasury) AND 60-40 allocation are negative. The yellow indicates this is the...