Century Wealth Management

12/27/2021

If taxes are not part of your financial plan for retirement, then your plan is incomplete. It's important to ask yourself if you know your tax liability or how much the amount that you owe the IRS will grow in the near future. A financial advisor can look at your unique situation and formulate a plan for the best possible outcome.

Kiplinger shares more below on the importance of planning for taxes in retirement.

If the bulk of your retirement savings is in a traditional IRA or 401(k) or other tax-deferred account, you’ve got a problem. The good news is, there are plenty of things you can do about it.

12/24/2021

Merry Christmas and Happy Holidays! We hope you’re enjoying time with loved ones over the holidays. Congratulations to our employees and clients on a successful year. Enjoy some well-deserved rest this season.

12/20/2021

It's no secret – the Great Resignation is upon us. American workers are leaving their jobs in record numbers, searching for better pay, benefits or environments. You may be tempted to join them, but you'll need to ensure your finances are in order first.

Investor's Business Daily shares three things to remember before you leave your current employer to search for another: https://buff.ly/3mlvp0S.

12/13/2021

Kiplinger shares one account that every millennial should consider having. And it's not related to the ever-growing crypto market...

A Health Savings Account (HSA) can be remarkably beneficial when used in the right way. Below, learn more about its incredible tax-fighting potential – something many people overlook or aren't even aware of.

One of the best investments you can make, with incredible tax-fighting potential, is something many people overlook or don’t even know about.

12/06/2021

inflation and supply chain shortages caused by delays are driving up the cost of goods in the U.S. That might mean your holiday shopping is more costly than it has been in the past. AARP shares 10 tips for sticking to your budget at the end of the year.

Retail shopping experts share their best ideas to control spending and beat the challenge of high prices and low inventory this gift-buying season.

11/29/2021

2020 and the ensuing global pandemic brought a host of new products to market and raised the popularity of old ones. Stocks that soared during lockdown, like Zoom and Peloton are now stumbling a bit.

Investor's Business Daily looks deeper into companies that found success in 2020, but have since waned: https://buff.ly/3xwDYu8.

11/25/2021

Happy Thanksgiving! We hope you are spending this well-deserved day off surrounded by loved ones. To our clients who entrust us with their financial matters, we are so grateful for you!

11/22/2021

Good news for taxpayers! The IRS has announced its annual inflation adjustments for the 2022 tax year, raising the thresholds for federal tax brackets for income taxes and capital gains for 2022. Most taxpayers with the same or even slighter higher income in 2022 vs. 2021 will still be in a lower bracket.

Investor's Business Daily shares more: https://buff.ly/3kAZOaB.

11/15/2021

Members of the armed forces are entitled to a multitude of special financial benefits, tax breaks, and legal protections. Be sure and speak to an experienced financial advisor about the best scenario for your family and funds.

Following the Veterans Day holiday last week, Kiplinger is sharing the 10 best financial benefits for military families. Read more at the link below!

Service members face a range of threats – from the lethal to the financial. A wide array of generous benefits and programs are meant to offset some of the risk.

11/08/2021

In September, the consumer price index — a basket of goods — rose 5.4% from a year ago, nearly hitting a 30-year high, according to data from the U.S. Department of Labor statistics. Under those headline numbers, food costs rose 4.6%, with the largest gains driven by price increases of meat, poultry, fish and eggs.

For the entire 2021 year, the USDA is also projecting that food-at-home costs will be up 2.5% to 3.5%. CNBC offers more information on how that may affect the price of your Thanksgiving dinner this year.

This year's Thanksgiving dinner is set to cost more than last year, thanks to food inflation. Here's what experts say consumers can do to keep costs low.

11/01/2021

Historically, the best three-month stretch out there for stocks begins in November. As of Friday, the stock market took off, with all three of the main U.S. indexes at record levels.

Barron's shares more insight into the best time to buy and what makes these months the best.

The stock market has taken off, with all three of the main U.S. indexes at record levels on Friday, but that shouldn’t necessarily deter investors from buying now.

10/25/2021

This week, Memphis was named the most affordable city for retirees, with studies showing that $1 million in would last 45.3 years – about 37 years longer than it would last in San Francisco.

This ranking is partially due to the city's low housing costs, which are about 2.7x lower than the national average, as well as to the lower-than-national-average costs of groceries, health, utilities, and other expenses. Read more at Visual Capitalist.

The average American needs their retirement savings to last them over a decade. In which cities is $1 million enough to retire comfortably?