Financial Planning for Retirement

As you progress through life, your retirement planning strategies must evolve:

• Reality Check: Strategies for retirement at age 40 differ significantly from those at 60 or 80.
• Start Early: Set clear savings goals and estimate how much you’ll need for your retirement nest egg.
• Account for Inflation: Inflation can erode purchasing power, so your plan must include strategies to grow your assets and maintain your lifestyle.

Investment Strategies and Risk Management

Tailoring your investment strategy to your life stage is crucial:

• Aggressive Investments: Younger individuals may benefit from higher-risk, growth-oriented portfolios.
• Conservative Approach: As retirement nears, shift toward income-focused and lower-risk investments.
• Combat Inflation: Growth-focused investments can help counteract inflation’s impact on purchasing power.

Social Security and Medicare Planning

Understanding and maximizing benefits is key to financial security:

• Social Security Timing: Claiming Social Security at 62 reduces benefits, while delaying until 70 increases lifetime income.
• Medicare Essentials: Sign up for Medicare at 65 to avoid penalties. Understand the different parts (A, B, C, D) and consider supplemental insurance to fill coverage gaps.

Withdrawal Strategies and Tax Planning

A well-thought-out withdrawal strategy ensures your retirement savings last:

• The 4% Rule: Use this guideline to determine sustainable annual withdrawals from your portfolio.
• Tax Efficiency: Plan withdrawals to minimize tax burdens by leveraging tax-free accounts, Roth conversions, and charitable contributions.

Common Triggers for Early Retirement

Unexpected events often lead to early retirement:

• Health Issues: These are the leading cause of early retirement.
• Job Layoffs: Economic downturns or corporate changes can force earlier-than-planned retirements.
• Be Prepared: Have a contingency plan in place to manage savings and adjust spending if you retire earlier than expected.

Financial Reality Check and Tools

Staying on track requires regular evaluations and resources:

• Checklist: Use tools like a Retirement Reality Checklist to assess progress and make necessary adjustments.
• Plan Ahead: Regularly evaluate your savings goals, risk tolerance, and retirement income strategies to stay aligned with your objectives.

Conclusion

Adapting your financial plans as you move through different life stages is essential to achieving a secure and fulfilling retirement. By accounting for changing needs, inflation, and potential setbacks, you can build a plan that evolves with you and supports your goals. Take action today to ensure your financial future remains on track.

Intended for educational purposes only. Opinions expressed are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Neither the information presented, nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Consult your financial professional before making any investment decisions. Opinions expressed are subject to change without notice.

IMPORTANT DISCLOSURES:

• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC. A Registered Investment Advisor.

• Pure Financial Advisors, LLC. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.

• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.

• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.

The post Adjust Your Financial Plans to Fit Every Stage of Life appeared first on ROI TV.

Prioritizing Retirement Savings and Reducing Expenses

To boost your retirement savings, start by evaluating your current spending and identifying areas to cut back, freeing up funds for investment.

1. Review and Adjust Your Budget: Analyze your expenses to distinguish between needs and wants. Reducing discretionary spending—such as dining out or entertainment—can free up funds for retirement savings.
2. Pay Down High-Interest Debt: Focus on eliminating high-interest debts like credit card balances. Reducing debt decreases financial stress and allows more resources to be allocated toward retirement.
3. Automate Your Savings: Set up automatic transfers to your retirement accounts to ensure consistent contributions. Treat these savings as non-negotiable expenses to build your nest egg steadily.
4. Consider Downsizing: If feasible, downsizing your home or vehicle can significantly reduce expenses, allowing you to redirect savings toward retirement.

Maximizing Contributions to Retirement Accounts in 2025

In 2025, take advantage of increased contribution limits and catch-up provisions to accelerate your retirement savings.

1. 401(k) Contributions: The IRS has increased the annual contribution limit for 401(k) plans to $23,500 in 2025. If you’re 50 or older, you can make an additional catch-up contribution of $7,500, bringing the total to $31,000. U.S. News Money
2. Enhanced Catch-Up Contributions for Ages 60-63: Starting in 2025, individuals aged 60 to 63 can make catch-up contributions of up to $11,250, providing an opportunity to significantly boost retirement savings during these years. U.S. News Money
3. IRA Contributions: The IRA contribution limit remains at $7,000 for 2025, with an additional $1,000 catch-up contribution for those 50 and older, totaling $8,000. U.S. News Money
4. Health Savings Accounts (HSAs): If you have a high-deductible health plan, consider contributing to an HSA. Contributions are tax-deductible, and withdrawals for qualified medical expenses are tax-free. After age 65, HSA funds can be used for non-medical expenses without penalty, though they are subject to income tax.

Exploring Additional Income Streams and Delaying Social Security

Supplementing your income and strategically timing Social Security benefits can enhance your retirement readiness.

1. Part-Time or Freelance Work: Engaging in part-time employment or freelance opportunities can provide additional income to invest in retirement accounts.
2. Passive Income Investments: Consider investments that generate passive income, such as dividend-paying stocks or rental properties, to supplement your retirement savings.
3. Delaying Social Security Benefits: For each year you delay claiming Social Security beyond your full retirement age (up to age 70), your benefits increase by approximately 8%, resulting in higher monthly payments during retirement.

Calculating Retirement Needs and Adjusting Investment Risk

Understanding your retirement income needs and aligning your investment strategy accordingly is crucial.

1. Estimate Retirement Expenses: Calculate anticipated retirement expenses, including housing, healthcare, and lifestyle costs, to determine your savings target.
2. Adjust Asset Allocation: As retirement approaches, consider shifting to a more conservative investment mix to protect against market volatility. However, maintaining some growth-oriented investments can help combat inflation.
3. Consult a Financial Advisor: A financial advisor can provide personalized guidance on investment strategies, retirement income planning, and tax-efficient withdrawal methods.

Final Thoughts

While starting retirement planning later in life presents challenges, proactive steps can significantly improve your financial outlook. By prioritizing savings, maximizing contributions, exploring additional income sources, and aligning your investments with your retirement goals, you can build a more secure future. Remember, it’s never too late to take control of your retirement planning.

Intended for educational purposes only. Opinions expressed are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Neither the information presented, nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Consult your financial professional before making any investment decisions. Opinions expressed are subject to change without notice.

The post Retirement Planning for Late Starters: Strategies for Your 40s and 50s in 2025 appeared first on ROI TV.

• Retirement Savings Crisis: A Bankrate survey reveals that 55% of Americans are behind on their retirement savings, with 10% uncertain about their savings status. Alarmingly, 66% of working millennials have nothing saved for retirement, despite two-thirds having access to employer-sponsored retirement plans. Only about one-third participate in these plans. NIRS Online
• Financial Challenges for Millennials: Our generation faces significant financial hurdles, including high inflation, unstable banking systems, and escalating living costs. The soaring cost of education has led to substantial student debt, while housing affordability remains a distant dream for many. In cities like New York, saving for a down payment on an entry-level apartment could take over seven years, assuming no other debts.
• Retirement Planning Recommendations: Financial experts suggest having savings equivalent to your annual salary by age 30, three times by 40, and six times by 50 to stay on track for retirement. To secure a $50,000 annual retirement income, approximately $1 million in well-invested assets is necessary. Starting early is crucial; investing $100 monthly from age 20 can achieve this goal, but delaying increases the required monthly contributions significantly.
• Human Nature and Financial Planning: It’s understandable that many prefer to focus on immediate needs and experiences rather than distant retirement goals. However, this mindset, coupled with the reality that 20% of Americans don’t live past 60, poses challenges to long-term financial planning. Notably, 74% of millennials surveyed express doubt about ever affording a home.
• Investment Challenges and Mistakes: The average investor achieves only a 4.25% return compared to the market’s 10%, often due to emotional decisions like buying high and selling low. Additionally, investments in volatile assets, such as cryptocurrencies, can lead to significant losses, further hindering financial progress.
• The Reality of Long-Term Investing: Long-term investing requires discipline and patience, qualities that can be challenging to maintain over decades. Achieving a $50,000 annual retirement income with a 4.25% return necessitates $2.5 million in investments—a daunting target for individuals earning $50,000 annually.
• The Changing Nature of Financial Security: The traditional 40-year career providing financial security is becoming increasingly rare. While this shift presents challenges, it also encourages us to rethink our financial goals and strategies, potentially leading to more innovative and personalized approaches to financial security.

In conclusion, the convergence of inadequate savings, economic pressures, and evolving career landscapes suggests that many millennials may need to extend their working years beyond traditional retirement age. Addressing this issue requires a multifaceted approach, including increased financial literacy, proactive retirement planning, and systemic changes to support long-term financial security.

All writings are for educational and entertainment purposes only and does not provide investment or financial advice of any kind.

The post The Looming Retirement Crisis: Why Many Millennials May Need to Work Indefinitely appeared first on ROI TV.

1. Understanding the Impact of Age Differences

Couples with substantial age gaps often face:

• Staggered Retirement Dates: The older partner may wish to retire earlier, while the younger continues to work, affecting income streams and lifestyle dynamics. Great Oak Advisors
• Extended Retirement Periods: A younger spouse may experience a longer retirement, necessitating a more robust financial plan to ensure longevity. Fool Wealth

2. Case Study: Fred and Lisa

Consider Fred (64) and Lisa (53), a couple navigating retirement planning with an 11-year age difference. Their situation highlights common challenges and potential solutions for age-gap couples.

3. Coordinating Retirement Timelines

Fred plans to retire at 67, while Lisa aims for 65, aligning with Medicare eligibility. This staggered approach requires careful planning to manage:

• Income Disparities: Maintaining financial stability as one partner retires earlier.
• Healthcare Coverage: Ensuring continuous health insurance, especially for the younger spouse before Medicare eligibility.

4. Social Security Strategies

Timing Social Security benefits is crucial. For age-gap couples:

• Maximizing Survivor Benefits: The higher-earning spouse delaying benefits can enhance survivor benefits for the younger partner. Kiplinger
• Individual Timing: Each spouse should consider their optimal claiming age based on life expectancy and financial needs.

5. Investment and Savings Allocation

Fred and Lisa’s differing investment strategies reflect their retirement timelines:

• Fred: 100% in stocks, aiming for higher returns before retirement.
• Lisa: A balanced mix of 45% stocks and 55% bonds, focusing on stability.

Couples should tailor investment portfolios to their individual timelines and risk tolerances, ensuring alignment with overall retirement goals.

6. Healthcare and Long-Term Care Planning

Healthcare expenses are a significant concern, particularly with age differences:

• Pre-Medicare Coverage: Planning for private insurance costs if retiring before age 65.
• Long-Term Care: Preparing for potential long-term care needs, considering the likelihood that the younger spouse may outlive the older. PlanCorp

7. Lifestyle and Travel Goals

Fred and Lisa aspire to travel extensively in their early retirement years. Budgeting for such goals is essential to prevent financial strain:

• Travel Budgeting: Allocating funds for travel while ensuring core expenses are covered.
• Adjusting Plans: Being flexible with travel plans based on financial assessments and health considerations.

8. Communication and Joint Decision-Making

Open dialogue about retirement expectations and concerns is vital:

• Aligning Goals: Ensuring both partners have a shared vision for retirement.
• Regular Financial Reviews: Periodically assessing financial plans to accommodate changing circumstances.

Conclusion

Retirement planning for couples with significant age differences demands a tailored approach, considering unique timelines, financial needs, and lifestyle goals. By addressing these factors collaboratively, couples can craft a retirement plan that ensures financial security and personal fulfillment for both partners.

You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns.

Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost.

Related Articles:

• 6 Considerations for Age-Gap Couple Retirement Success
• Retirement Planning for Spouses with an Age Difference
• Retirement Planning for Couples with an Age Difference

The post Navigating Retirement Planning for Couples with Significant Age Differences appeared first on ROI TV.

As the founder of Root Financial, I believe a common pitfall in traditional retirement planning—over-optimizing for financial security at the expense of enjoying life. Through the story of Tim and Jennifer, he shows how a personalized approach can transform the retirement experience.

Client Case Study: Tim and Jennifer
Tim (60) and Jennifer (60) sought deeper planning after working with another advisor. Their financial snapshot includes:

• Tim’s 403(b): $190,000
• Jennifer’s 401(k): $505,000
• Roth IRA: $58,000
• Joint accounts and home equity

Their retirement goals include $8,000 per month for basic expenses and $10,000 annually for travel over the next decade.

Income and Savings Projections

• Tim’s annual income: $76,000 (teacher)
• Jennifer’s annual income: $160,000 (director)
• Social Security: $2,500/month (Tim), $3,100/month (Jennifer)
• Tim’s pension: $4,000/month

They currently save 10% of their salaries into retirement accounts, with Jennifer receiving a 3% employer match.

Retirement Projections and Assumptions
Their current investable assets of $915,000 are projected to grow to $1.86 million by age 67, assuming a 6.9% annual return pre-retirement and 6.3% post-retirement. This portfolio will complement their Social Security and pension income to cover their expenses.

Cash Flow and Expense Analysis
Their retirement income sources will provide $9,600 per month, while their living expenses, including taxes, total $169,165 annually. Expenses account for:

• $24,000/year in mortgage payments until 2034
• $10,000/year for travel until 2039
  With inflation-adjusted projections, their plan is sustainable.

Probability of Success and Risk Management
Monte Carlo analysis shows a 100% success probability, suggesting untapped opportunities. James recommends exploring options such as:

• Retiring earlier (at 62 instead of 67)
• Increasing spending to enjoy retirement years more fully

Adjusting Retirement Plans
While Tim enjoys his job and may work until 65, Jennifer is experiencing burnout and might retire earlier or work part-time. Even with these changes, their financial plan remains robust, maintaining a high probability of success.

The Importance of the Last Five Years Before Retirement
The final five years before retirement are critical for maximizing compound interest and preparing for retirement costs. Examples include:

• Warren Buffett’s wealth doubling after age 56
• The potential for portfolios to double in value during these years

I advise using this period to pay for major expenses, handle medical procedures, and clarify retirement dreams.

Final Takeaways
Retirement planning should go beyond maximizing terminal portfolio value. Instead, focus on optimizing life experiences:

• Consider retiring earlier or adjusting spending habits.
• Balance financial prudence with personal fulfillment.
• Explore options like gifting money to children or charities during your lifetime.

You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns.

Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost.

A personalized, thoughtful approach to retirement ensures that financial and emotional goals are both achieved. For expert guidance, visit Root Financial to design a plan tailored to your needs.

Related Articles:

• How to Adjust Retirement Plans for Maximum Enjoyment
• The Importance of Balancing Financial and Emotional Retirement Goals
• Monte Carlo Analysis in Retirement Planning

The post Rethinking Retirement: Balancing Financial Security with Enjoying Life appeared first on ROI TV.

Medicare Options: Original Medicare vs. Medicare Advantage
When it comes to Medicare, individuals typically have two main options:

• Original Medicare with a Supplemental Plan: This option requires additional coverage to fill gaps in Medicare Parts A and B, along with a standalone drug plan for medications. Supplemental plans provide broad access to healthcare providers and predictable costs.
• Medicare Advantage Plans: These plans replace Original Medicare with private insurance, often bundling drug coverage into the package. While they may have zero premiums, they involve network restrictions, co-pays, and out-of-pocket costs.

Understanding Medicare Costs
Medicare Part B premiums are expected to rise from $174.79 in 2024 to approximately $185 in 2025. Higher-income individuals may face additional costs through the Income-Related Monthly Adjustment Amount (IRMAA), which has five income brackets determining the surcharge amount.

Supplemental plans require monthly premiums, offering predictable costs and minimal additional charges. In contrast, Medicare Advantage plans may feature no premiums but involve co-pays, co-insurance, and an annual maximum out-of-pocket limit.

Provider Access and Policy Terms
Supplemental plans provide unrestricted access to any provider that accepts Medicare, without the need for pre-authorizations or referrals. They are guaranteed renewable for life and portable across all states, making them ideal for those who prioritize flexibility and stability.

Medicare Advantage plans, on the other hand, have network restrictions (HMO or PPO models) and often require pre-authorizations for services. These plans are annual contracts that may change or terminate each year, and they are not portable across service areas.

Switching Plans and Medical Underwriting
Switching from one supplemental plan to another typically requires medical underwriting, except during the initial six-month enrollment period tied to your Medicare Part B start date. Medicare Advantage plans can be switched twice a year, but transitioning from Medicare Advantage to a supplemental plan later may also require medical qualification.

Top Three Supplemental Plans: F, G, and N

• Plan F: Covers all Medicare gaps but is only available to those who started Medicare before January 1, 2020.
• Plan G: Covers all gaps except the Part B deductible, making it the most comprehensive option for new enrollees.
• Plan N: Covers all gaps except the Part B deductible and excess charges, with co-pays for doctor visits and emergency room visits.

Foreign Travel Emergency Benefits
Certain supplemental plans (C, D, F, G, M, N) include a lifetime foreign travel emergency benefit of $50,000. This coverage handles 80% of costs after a $250 deductible, making it a valuable feature for frequent travelers.

Enrollment Periods and Guaranteed Issue Rights
The best time to purchase a supplemental plan is during the six-month open enrollment period tied to your Medicare Part B start date. During this window, you have guaranteed issue rights, meaning you cannot be denied coverage or charged more due to health conditions. If you delay Part B enrollment due to continued employment, your open enrollment period starts when you eventually enroll in Part B.

Switching Supplemental Plans
Switching supplemental plans is allowed year-round but often requires medical underwriting. People switch plans to save money, move to a younger risk pool, or adjust their coverage needs. It’s important to review your current plan annually and consider new options that may better suit your circumstances.

Getting Help with Medicare Decisions
Choosing the right Medicare plan can be complex, but assistance is available. Independent brokers, for example, provide comprehensive guidance and ongoing support, ensuring you get the right coverage at the same premium cost as any other agent type. Their expertise can help you navigate Medicare enrollment, understand your options, and make confident, informed decisions.

Final Thoughts
Medicare supplemental plans offer valuable peace of mind and financial predictability, especially for those seeking comprehensive coverage. Whether you opt for Plan F, G, or N, understanding the differences and evaluating your personal needs is key to selecting the right plan.

For personalized assistance, consider consulting a Medicare expert or independent broker. They can help you explore your options, compare rates, and secure the plan that aligns best with your healthcare and financial goals.

The post A Comprehensive Guide to Medicare Supplemental Plans: Top Choices and Key Differences appeared first on ROI TV.

Number two, knowing your full retirement age and the impact of starting your Social Security income early or deciding to delay it. Full retirement age for most people is between 66 and 67. Delaying your benefit is actually the easiest way to increase your payment. Let’s say your full retirement age is 67; you can start taking your benefit as early as age 62, but this would reduce your monthly amount by almost 30%. For every year past age 67 that you wait, Social Security gives you an 8% annual increase in your benefit until age 70. There’s no additional benefit for waiting past 70.

Number three, pay attention to spousal benefits. Everyone’s entitled to their own benefit based on their own earnings record or half of their spouse’s benefit, whichever is higher. So, if you don’t have enough credits to qualify for your own benefit or your own benefit based on your own earnings record is less than 50% of your spouse’s benefit, you would file for the spousal benefit. You can also file for spousal benefits as early as age 62, but they would be reduced. However, unlike your own benefit, waiting past your full retirement age will not increase your spousal benefit. You may also be eligible for spousal benefits even if you’re divorced. As long as your marriage lasted at least 10 years and you’ve never remarried, you’re entitled to the same spousal benefits as if you were still married.

Number four, if applicable, apply for survivor’s benefits. When one spouse dies, the surviving spouse is entitled to the higher of their two benefits. This is an example of when waiting as long as possible to claim benefits, in the first place, can help. Unlike spousal benefits, which are based on the higher earning spouse’s full retirement age amount, survivor benefits are determined by the amount the higher earning spouse was actually receiving when they die.

Number five, pay attention to how much of your Social Security income is subject to federal taxation. Most likely you’ll pay federal tax on at least some of your Social Security income. The calculation of exactly how much is somewhat complicated, but it depends on how much other taxable income you have. So, you want to be strategic about the amount of non-social security income that you’re drawing. You may want to pull from a combination of your traditional IRA and Roth accounts in order to have some control over how much of your Social Security income is actually going to subject to federal tax.

Just a few other things to note.  If you do start taking your Social Security benefits and you decide within 12 months that it was too early, you can actually undo your claim. You would basically pay back benefits that you received to date and then you could start over at a later date and take advantage of being eligible for the higher amount that you would’ve gotten if you had waited to begin with. If you decide that you took your benefits too early, but it’s been past 12 months you can actually suspend your benefit. You stop getting payments from that point forward and then you can restart them at a later date, and you still get the 8% increase in between suspending your benefits and when you restart them.

The last thing I want to say is, check your Social Security statements, check your earnings record, and make sure that they’re accurate. Mistakes get made sometimes in reporting and they can impact your future benefit. If you look at your earnings record and you see any mistakes you want to notify the Social Security administration.

Really, understanding how things work and implementing some simple strategies can really help you get the most out of your Social Security income in retirement.

IMPORTANT DISCLOSURES:

• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.

• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations.

• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.

• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.

CFP® – The CERTIFIED FINANCIAL PLANNER certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation.

AIF® – Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation.

The post Best Ways to maximize your Social Security benefits. appeared first on ROI TV.

Why International Investing Matters

Most investors have a “home bias,” preferring domestic stocks due to familiarity. However, limiting investments to U.S. stocks can hinder portfolio growth and diversification:

• Diversification: Adding international investments can reduce portfolio volatility and provide exposure to different economic cycles.
• Potential Higher Returns: Historical data shows international markets often outperform U.S. markets at certain times, making them valuable for long-term growth.

The Power of Diversification

A globally diversified portfolio can significantly reduce risk and enhance returns:

• Broader Exposure: International portfolios can include up to 8,000 stocks from 46 countries, compared to the S&P 500’s 500 companies.
• Reduced Concentration Risk: While the S&P 500 is heavily concentrated in five companies (24% of the index), international indices offer broader exposure, with the top five stocks comprising only 7%.

Historical Performance of Global Markets

International investing has consistently demonstrated its value through historical performance:

• Global Leaders: Finland topped performance charts five times in the past 20 years, while U.S. stocks led only once.
• Emerging Market Returns: From 2000 to 2010, U.S. stocks averaged 1.4% annually, compared to 3.5% for international markets and over 15% for emerging markets.

Addressing Risks of International Investing

While international investing offers advantages, it’s essential to understand the risks:

• Political Instability: Some regions may experience unpredictable political changes.
• Currency Fluctuations: Exchange rates can impact returns, especially in emerging markets.
• Regulatory Differences: International markets operate under varied regulations, requiring thorough research.

Types of International Markets

International markets fall into two categories, each offering unique benefits:

• Developed Markets: Countries like Canada, Germany, and Australia provide stability and lower risk.
• Emerging Markets: Nations like India, Brazil, and China offer higher growth potential but come with greater risks.

Investment Vehicles for Global Exposure

There are several options for gaining international exposure:

• Global Mutual Funds: Include both U.S. and international investments.
• International Mutual Funds: Focus solely on non-U.S. markets.
• ETFs: Offer transparency, low costs, and diversified exposure to specific markets.

Practical Tips for Successful International Investing

Investing globally requires due diligence and strategic planning:

• Research Thoroughly: Understand the companies, markets, and sectors within your chosen funds or ETFs.
• Consult Experts: Work with a financial advisor to create a personalized global investment strategy.
• Start Small: Gradually add international exposure to your portfolio to manage risks.

Resources for Global Investing

To help you get started, the Your Money, Your Wealth team offers a free Global Investing Guide. This comprehensive resource provides insights and strategies to help you navigate international markets with confidence. Download the guide on their website and take the first step toward a diversified portfolio.

Conclusion

Global investing is an essential strategy for achieving diversification and reducing portfolio risk. By understanding the benefits, risks, and historical performance of international markets, you can make informed decisions that enhance your financial future. Start exploring global opportunities today to build a stronger, more resilient portfolio.

Intended for educational purposes only. Opinions expressed are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Neither the information presented, nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Consult your financial professional before making any investment decisions. Opinions expressed are subject to change without notice.

IMPORTANT DISCLOSURES:

• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC. A Registered Investment Advisor.

• Pure Financial Advisors, LLC. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.

• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.

• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.

The post Diversify Your Portfolio with Global Investing appeared first on ROI TV.

Why Retirement Planning Is Critical

Retirement planning is essential, yet many people fail to take the necessary steps:

• Common Disconnect: Only 35% of individuals save the recommended 10% of their income for retirement.
• Puzzle Approach: A comprehensive plan ensures all financial elements work together toward your goals.
• Action Over Knowledge: Knowing what to do isn’t enough; actionable steps are essential for success.

How Longevity Impacts Retirement Savings

Longer lifespans require more substantial retirement savings:

• Life Expectancy vs. Savings: While many expect to live longer than their parents, only 22% consider working longer, and just 33% plan to save more.
• Cash Flow Needs: Increased cash flow is crucial for funding longer retirements. Start planning early to meet these demands.

Spending Trends in Retirement

The assumption that spending decreases in retirement is often a misconception:

• Increased Early Spending: Retirees frequently spend more in their initial retirement years on leisure activities and delayed expenses.
• Revised Assumptions: Plan for spending that could exceed pre-retirement levels instead of the commonly suggested 70-80%.

Balancing Debt Management and Savings

Debt repayment shouldn’t come at the expense of retirement savings:

• Avoid Large Withdrawals: Drawing large sums from retirement accounts to pay off debts can lead to substantial tax liabilities.
• Employer Matches: Prioritize saving in retirement accounts, especially when employer matches are available.

Planning for Long-Term Care

Long-term care planning is vital, as most retirees will need it:

• Key Statistics: 70% of individuals will require some form of care, yet only 33% have a plan in place.
• Funding Strategies: Options include savings, selling assets, or purchasing long-term care insurance.

Addressing the Fear of Outliving Funds

Outliving retirement savings is a top concern for many Americans:

• The Numbers: 45% of individuals fear running out of money, often due to a lack of financial clarity.
• Avoid Guesswork: Detailed financial planning is necessary to ensure funds last throughout retirement.

How to Estimate Retirement Needs

Understanding future financial needs is the cornerstone of successful retirement planning:

• Adjust for Inflation: Estimate future expenses and compare them to expected fixed income sources.
• Systematic Saving: Calculate how much to save monthly to meet retirement goals and stick to the plan.

Reconnecting With Your Retirement Plan

Reconnecting with your retirement plan involves actionable steps:

• Estimate Budgets: Outline realistic spending plans for retirement.
• Automate Savings: Ensure consistent contributions to retirement accounts.
• Address High-Interest Debt: Pay down debts with significant interest rates to free up more savings potential.

Audience Engagement and Takeaways

Interactive true/false questions during the discussion reinforced key points:

• Common Misconceptions: Topics included long-term care needs and historical retirement trends.
• Call to Action: Use resources like the “Reconnect Your Retirement” guide to build a personalized and effective plan.

Conclusion

Retirement planning requires a thoughtful balance of budgeting, saving, and managing debt. By addressing misconceptions, planning for longevity, and taking proactive steps, you can build a financially secure future. Start today to ensure a retirement plan that meets your unique goals and needs.

Intended for educational purposes only. Opinions expressed are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Neither the information presented, nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Consult your financial professional before making any investment decisions. Opinions expressed are subject to change without notice.

IMPORTANT DISCLOSURES:

• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC. A Registered Investment Advisor.

• Pure Financial Advisors, LLC. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.

• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.

• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.

The post Your 2025 Retirement Planning Guide appeared first on ROI TV.

The Impact of Inflation on Healthcare Premiums
Rising healthcare costs have led many Medicare enrollees to reconsider their supplemental plan choices. Plan N, with its lower premiums, is increasingly viewed as a viable alternative to Plan G for individuals looking to save money without compromising essential coverage.

Common Features of Plan G and Plan N
Both Plan G and Plan N share several benefits, making them attractive options for those seeking dependable Medicare supplemental insurance. These include:

• Participation in the Original Medicare system, with broad acceptance by providers nationwide.
• No network restrictions, offering Open Access to any Medicare-accepting provider.
• Freedom to see specialists without referrals.
• No pre-authorizations required for procedures like MRIs, CAT scans, or surgeries.
• Guaranteed renewable policies for life, as long as premiums are paid.
• Nationwide portability across all 50 states.

Key Differences Between Plan G and Plan N
While Plan G is the most comprehensive option available to new Medicare enrollees after January 1, 2020, Plan N offers slightly less coverage but still substantial protection.

• Plan G: Covers all Medicare gaps except the Part B deductible, leaving minimal out-of-pocket expenses.
• Plan N: Covers fewer gaps, requiring co-pays for doctor visits and emergency room visits, along with potential exposure to excess charges.

Understanding Medicare System Gaps
Medicare Parts A and B have notable coverage gaps, including deductibles, co-insurance, and excess charges.

• Plan G: Covers five out of six gaps, leaving only the Part B deductible as an expense.
• Plan N: Covers four out of six gaps, with additional responsibilities for co-pays and potential excess charges.

Excess Charges and Their Frequency
Excess charges occur when non-participating doctors bill up to 15% above Medicare’s approved amount. Fortunately, less than 5% of doctors impose these charges, and certain states, including Connecticut, Minnesota, and Massachusetts, prohibit them entirely.

Why Consider Plan N?
For many, Plan N’s lower premiums make it an appealing choice. Additional benefits include:

• Lower monthly costs compared to Plan G.
• More stable rate increases when entering a new block of business.
• Substantial savings, depending on your state, with potential annual reductions ranging from $300 to $780.

Switching to Plan N
New Medicare enrollees can select Plan N during their initial enrollment period without underwriting. If switching plans later, underwriting may be required, involving health questions and medication checks. If the application is denied, the current policy remains unaffected, offering peace of mind during the process.

Sample Rate Comparisons
Rates for Plan G and Plan N vary significantly by state, with Plan N often offering considerable savings. Reviewing personalized rate comparisons can provide a clearer picture of the financial advantages of switching plans.

Assistance with Medicare Decisions
Navigating the complexities of Medicare can be overwhelming, but you don’t have to do it alone. Personalized assistance is available through trained Medicare guides and online comparison tools. These resources can help you evaluate your options, compare rates, and make an informed decision tailored to your unique healthcare needs and financial goals.

Final Thoughts
Both Plan G and Plan N provide valuable coverage, but the choice ultimately depends on your personal circumstances, budget, and willingness to take on minor additional costs for lower premiums. By understanding the key differences and leveraging available resources, you can confidently choose the plan that best aligns with your healthcare priorities and financial goals

The post Medicare Plan G vs. Plan N: Features, Differences, and Cost Savings appeared first on ROI TV.

1. Understanding the Challenges

Single women often encounter hurdles such as:

• High Fixed Costs: Property taxes, utilities, and mortgages remain constant, regardless of marital status.
• Lower Social Security Benefits: Single individuals lack the advantage of spousal benefits.
• Tax Inefficiencies: A lower standard deduction can lead to higher tax liabilities.

2. Beth’s Case Study

Beth, at 63, faces the following financial scenario:

• Assets: Checking/savings accounts, Roth IRA, rollover IRA, investment account, and a home worth $1.8 million with a $360,000 mortgage.
• Goals: Retire at 67, live on $6,000/month, purchase a car every seven years, contribute to grandchildren’s education, and travel to visit family.
• Challenges: High expenses totaling over $132,000/year, with liquid assets projected to deplete by age 80.

3. Analyzing Income and Expenses

Beth’s income will cease at retirement, leaving her dependent on Social Security and assets. However, her Social Security benefits are lower due to time spent out of the workforce raising children. This creates a liquidity issue despite her substantial home equity.

4. Proposed Solutions

To address Beth’s financial concerns, James Canole recommends:

• Downsizing and Relocating: Selling her California home and moving to Tennessee to unlock home equity and reduce living expenses.
• Adjusting Contributions: Redirecting Roth IRA contributions to her 401(k) for pre-tax benefits.
• Optimizing Social Security: Exploring strategies to maximize potential spousal or survivor benefits.
• Investment Reallocation: Aligning her portfolio with her new financial priorities.

5. Practical Adjustments

Beth must adapt her retirement plan to meet her individual needs, including:

• Cutting back on discretionary spending, such as travel.
• Considering semi-retirement or part-time work to extend her financial longevity.
• Reassessing her financial goals to align with her post-divorce circumstances.

6. Final Thoughts

Beth’s story highlights the critical need for personalized retirement planning, particularly after significant life changes like divorce. By addressing liquidity issues, optimizing her Social Security strategy, and leveraging home equity, Beth can achieve her financial goals while maintaining her desired lifestyle.

For single women like Beth, retirement planning is not just about managing numbers but about creating a plan that aligns with their unique challenges and aspirations.

You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns.

Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost.

Related Articles:

• How Women Can Close the Retirement Savings Gap
• Maximizing Social Security for Single Retirees
• Divorce and Retirement Planning: What You Need to Know

The post Retirement Planning Challenges for People who are Single appeared first on ROI TV.

1. Overcoming Perfectionism

Perfectionism often convinces us that if something can’t be done perfectly, it’s not worth doing at all. Here’s how to break free from that mindset:

• Start Where You Are: Even small, imperfect steps move you closer to your goals.
• Embrace Failure: View setbacks as part of the learning process rather than signs of defeat.
• Progress Over Perfection: Focus on consistent action instead of flawless execution.

2. Setting and Achieving Financial Goals

Achieving financial goals starts with realistic planning and grace for yourself along the way:

• Small Steps Matter: Begin by listing your debts, creating a basic budget, or setting a manageable savings target.
• Show Yourself Grace: Understand that progress won’t always be linear and mistakes are part of the journey.
• Focus on the Essentials: Prioritize goals like paying off debt and building an emergency fund to establish a strong foundation.

3. The Role of Accountability and Community

Support and accountability can make a significant difference in staying on track:

• Find Accountability Partners: Share your goals with someone who can encourage you and hold you accountable.
• Join a Supportive Community: Programs like Financial Peace University provide resources and a sense of belonging for those working toward financial stability.
• Seek Encouragement: Surround yourself with people who motivate you to keep moving forward.

4. Psychological Aspects of Failure and Progress

Your mindset around failure can either hold you back or propel you forward:

• Understand the Difference: Guilt focuses on specific behaviors, while shame attacks your sense of self. Avoid letting shame define your worth.
• Reframe Failure: See setbacks as opportunities to learn and grow rather than reasons to stop trying.
• Shift Your Perspective: Focus on what you can do next instead of dwelling on what didn’t go as planned.

5. Encouragement and Personal Stories

Personal experiences often illustrate the power of perseverance:

• A Story of Growth: One parent shared how helping their child overcome perfectionism taught them the value of moving forward despite mistakes.
• Be Kind to Yourself: Treat yourself with the same compassion you would show a friend. Remember that life continues even when things don’t go perfectly.
• Keep Moving Forward: Progress, not perfection, is the goal. Celebrate small wins and use them as motivation to keep going.

Conclusion

Overcoming perfectionism is about giving yourself permission to be imperfect and taking consistent steps toward your goals. Whether it’s setting financial targets, finding community support, or shifting your mindset around failure, progress is always possible. Start where you are, embrace the journey, and share these strategies with others who may need encouragement to move forward.

The post Overcoming Perfectionism and Achieving Your Financial Goals appeared first on ROI TV.

Medicare Costs for 2025
Medicare Part A remains premium-free for individuals who have paid Medicare taxes for at least 40 quarters. However, those with 30–39 quarters of coverage will pay $285 per month, while those with fewer than 30 quarters will pay $518 per month.

Medicare Part B premiums are increasing from $174.79 to $185 per month in 2025. High-income earners will face additional costs due to the Income-Related Monthly Adjustment Amount (IRMAA). For single filers, the income threshold for IRMAA will rise to $106,000, and for married couples filing jointly, it will increase to $212,000.

Medicare Part A and Part B Costs and Coverage Gaps
The Medicare Part A deductible for inpatient care will be $1,676 in 2025, covering up to 60 days of hospitalization. Beyond this, co-pays will be $419 per day for days 61–90 and $838 per day for days 91–150. For skilled nursing facilities, co-pays will be $209.50 per day for days 21–100.

Medicare Part B will have a deductible of $257, with Medicare covering 80% of costs after the deductible is met. Patients are responsible for the remaining 20%, along with any excess charges, which occur in less than 5% of cases and can reach up to 15%.

Supplemental Plans (Medigap)
To help cover Medicare gaps, many opt for Medigap plans. Plan F covers all gaps but is only available to those who started Medicare before January 1, 2020. Plan G, the most comprehensive option for new enrollees, covers all gaps except the Part B deductible. Plan N covers the 20% co-insurance but excludes the Part B deductible and includes co-pays for certain services.

Social Security and Medicare Taxes
The Social Security tax rate for 2025 remains unchanged at 6.20% for employees and employers (12.40% for self-employed individuals). Similarly, the Medicare tax rate remains at 1.45% for employees and employers (2.90% for self-employed individuals).

High-income earners will continue to pay an additional 0.9% Medicare tax on incomes above $200,000 for single filers and $250,000 for married couples filing jointly.

Social Security Earnings Limits and Adjustments
The maximum earnings subject to Social Security tax will increase from $168,600 to $176,000 in 2025. There is no cap on Medicare earnings, but additional taxes apply to high earners.

To earn a Social Security quarter of coverage in 2025, individuals must make $1,810 per quarter, with 40 quarters required for full eligibility.

Cost of Living Adjustment (COLA)
Social Security benefits will see a 2.5% COLA in 2025, boosting the average retiree benefit from $1,927 to approximately $1,975. Other benefits, including survivor and disability benefits, will also increase proportionately.

Earnings Test for Early Social Security Claimants
For individuals claiming Social Security benefits before reaching full retirement age, the earnings test limit will increase to $23,400. For every $2 earned above this limit, $1 will be deducted from benefits. In the year an individual reaches full retirement age, the limit increases to $62,160, with $1 deducted for every $3 earned above the limit. Once full retirement age is reached, there is no earnings test, and beneficiaries can earn unlimited income without reductions to their Social Security benefits.

Final Thoughts
These updates to Medicare and Social Security for 2025 underline the importance of staying informed and planning ahead. Whether it’s adjusting for higher premiums, understanding deductible increases, or leveraging COLA adjustments, proactive management of your benefits can help maximize your financial security in retirement.

Consult with a Medicare or Social Security advisor to ensure you’re making the most of these programs and preparing effectively for the changes ahead.

The post Medicare and Social Security Updates for 2025: What You Need to Know appeared first on ROI TV.

Social Security

Understanding the Impact of the Repeal

Prior to this legislation, the GPO reduced Social Security spousal or survivor benefits for individuals receiving pensions from non-Social Security-covered employment. Specifically, the GPO reduced these benefits by two-thirds of the amount of the non-covered pension, often resulting in a complete elimination of the Social Security benefit for the surviving spouse.

Retroactive Benefits: A Closer Look

With the repeal of the GPO effective December 2023, individuals previously affected by this provision are now eligible for retroactive Social Security benefits dating back to January 2024. This means that surviving spouses who were denied benefits due to the GPO will receive lump-sum payments covering the period from January 2024 to the present.

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Illustrative Scenario

Consider the following example:

• Maximum Benefit Scenario: In 2024, the maximum Social Security benefit at age 70 was approximately $5,000 per month.
• Surviving Spouse with Non-Covered Pension: A surviving spouse, whose deceased partner was eligible for the maximum benefit but had not filed before passing at age 70, would typically be entitled to the full $5,000 monthly survivor benefit.
• Impact of a Non-Covered Pension: If this surviving spouse received a non-covered pension of around $7,400 annually (approximately $616.67 per month), the GPO would have reduced their survivor benefit by two-thirds of their pension amount.
• Calculation: Two-thirds of $616.67 is about $411.11. Subtracting this from the $5,000 survivor benefit would result in a monthly benefit of $4,588.89.
• Retroactive Payment: With the GPO repeal, the surviving spouse is now entitled to the full $5,000 per month retroactively from January 2024. Over 12 months, this equates to a lump-sum payment of $60,000.

Is This Scenario Common?

While the specific circumstances described may be uncommon, they highlight the substantial financial impact the repeal can have on affected individuals. The Social Security Administration is currently evaluating the implementation process for these changes and will provide guidance to beneficiaries.

Social Security

Conclusion

The repeal of the GPO under the Social Security Fairness Act represents a significant shift in Social Security policy, offering substantial retroactive benefits to eligible individuals. Beneficiaries are advised to stay informed through official Social Security Administration communications to understand how these changes may affect their benefits.

You should always consult a financial, tax, or legal professional familiar about your unique circumstances before making any financial decisions. This material is intended for educational purposes only. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns.

The post Unlocking Retroactive Social Security Benefits appeared first on ROI TV.

Controlling Taxes in Retirement

Taxes can be one of the largest expenses in retirement, with the average American paying $533,000 in taxes over their lifetime. Joe and Alan emphasize the importance of proactive tax planning to keep more money in your pocket. Implementing strategies to manage taxes effectively can significantly impact your financial stability in retirement.

Understanding Tax Deductions and Brackets

Knowing your tax deductions and brackets is essential for strategic planning:

• Standard vs. Itemized Deductions: For 2023, the standard deductions are $14,000 for single filers, $30,000 for married filing jointly, and $20,800 for heads of household.
• Tax Brackets: Understanding marginal and effective tax rates is crucial. Current brackets range from 10% to 36%, with changes expected in 2026.
• Future Planning: Anticipate and plan for bracket increases to minimize tax liabilities.

Maximizing Retirement Contributions

Joe and Alan highlight the importance of maximizing retirement contributions:

• Contribution Limits: For 2023, 401(k) contributions are capped at $22,500, with a $7,500 catch-up for those over 50. IRA contributions are limited to $6,500, with a $1,000 catch-up.
• Pre-Tax vs. Roth Contributions: Choose based on your current and expected future tax brackets to maximize savings.
• Solo 401(k) Plans: A valuable option for self-employed individuals to save more for retirement while reducing taxable income.

Health Savings Accounts (HSAs)

HSAs offer a unique triple tax advantage:

• Contributions: Tax-deductible contributions of over $3,000 for individuals and $6,000 for couples, with additional amounts for those over 55.
• Tax-Free Growth: Funds grow tax-free and can be withdrawn tax-free for medical expenses.
• Long-Term Benefits: HSAs serve as an excellent tool for covering healthcare costs in retirement.

Tax Loss and Gain Harvesting

Strategic harvesting of losses and gains can optimize your tax situation:

• Tax Loss Harvesting: Offset gains by selling investments at a loss to reduce taxable income.
• Tax Gain Harvesting: For those in lower brackets, selling investments to realize gains while paying zero tax up to the 12% bracket is a smart strategy.

Roth Conversions

Roth conversions provide long-term tax advantages:

• Tax-Free Growth: Move money from tax-deferred accounts to Roth IRAs by paying taxes now.
• Optimal Timing: Use your current tax bracket to determine the most advantageous time to convert.
• Backdoor Roth IRA: For high-income earners, this strategy allows indirect contributions to Roth IRAs.

Donor-Advised Funds and Charitable Contributions

Donor-advised funds combine charitable giving with tax efficiency:

• Immediate Deduction: Make large contributions in high-income years for immediate tax benefits.
• Flexible Giving: Distribute funds to charities over time while enjoying upfront deductions.

Tax Credits

Tax credits are often more valuable than deductions:

• Examples: Include foreign income tax credits, earned income credits, and education credits.
• Clean Energy Credits: Solar energy credits cover 30% of installation costs, and electric car credits offer up to $7,500.

Net Unrealized Appreciation (NUA)

For those with company stock in their 401(k) plans, NUA can reduce tax burdens:

• Cost Basis Taxation: Transfer stock to a brokerage account and pay taxes only on the cost basis.
• Capital Gains: Future gains are taxed at lower capital gains rates, making this a powerful tool for appreciated assets.

Filing Taxes and Payment Plans

Staying compliant with tax laws is crucial:

• Timely Filing: File returns on time to avoid penalties and legal issues.
• Payment Options: If you can’t pay in full, explore IRS payment plans or offers in compromise for manageable solutions.

Conclusion

Proactive tax planning is key to saving money and achieving financial stability in retirement. By understanding deductions, maximizing contributions, leveraging HSAs, and exploring strategies like Roth conversions and donor-advised funds, you can significantly reduce your tax burden. Take control of your taxes today and secure a financially stable retirement future.

Intended for educational purposes only. Opinions expressed are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Neither the information presented, nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Consult your financial professional before making any investment decisions. Opinions expressed are subject to change without notice.

IMPORTANT DISCLOSURES:

• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC. A Registered Investment Advisor.

• Pure Financial Advisors, LLC. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations.

• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.

• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.

The post 10 Ways to Save on Taxes in 2025 appeared first on ROI TV.