IFW Education Center – Glossary
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How the Monte Carlo Simulation Can Help You Plan for Retirement
“Happiness is not in the mere possession of money; it lies in…
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Retirement Funds Alert: Gen Xers and the Path to Penalty-Free Withdrawals
As Generation X approaches key age milestones, many are discovering that they…
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Navigating Healthcare Costs and Taxes in Retirement
“Retirement is not a life without purpose; it is the ongoing purpose…
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How Much Cash Should I Have on Hand Before Retirement?
“Wealth is the ability to truly experience life. Being rich isn’t about…
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Withdrawal Tactics for Tax-Efficient Retirement
“Don’t simply retire from something; have something to retire to.” -Harry Emerson…
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Fifty Years Later, It’s Time to Reimagine Retirement Savings
It’s hard to believe it’s been fifty years since Congress passed the…
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Are Money Market Funds Safe for Retirement? The Truth Big Banks Won’t Tell You
“A wise person should have money in their head, but not in…
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IRS Tax Rate Schedules: What Are They & How Do They Affect Your Retirement?
“Retirement is wonderful if you have two essentials – much to live…
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How Much Should You Have Saved for Retirement by Now? (Ages 45, 50, or 60)
“Retirement is wonderful if you have two essentials – much to live…
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What Is the $1K Per Month in Retirement Rule?
Planning for retirement can feel overwhelming, but understanding key strategies can make…
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Difference Between Retirement Ages for Boomers, Gen X, and Millennials
“It’s time to enjoy the things you never had time to do…
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How to Assess Your Retirement Income Needs Accurately
“Wealth is the ability to fully experience life.” -Henry David Thoreau If…
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They Say Millennials Are Lazy? Prove Them Right By Retiring Early & Comfortably
“Financial peace isn’t the acquisition of stuff. It’s learning to live on…
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Gen X Is Coming Up on an Important Retirement Milestone
Here’s What You Need to Know Members of Generation X are approaching…
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How The Rich Slash Their Alternative Minimum Tax (AMT) Payments
“Wealth is not about having a lot of money; it’s about having…
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How Owning Rural Land Helps The Wealthy Increase Tax Savings
“Wealth is the product of man’s capacity to think.” -Ayn Rand Did…
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What Happens If You Don’t Sign Up for Medicare at 65?
“Don’t simply retire from something; have something to retire to.” — Harry…
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Social Security in 2025: Three Positive Changes to Look Forward To
With the new year fast approaching, there’s plenty of good news for…
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6 Smart Strategies for Retiring During a Recession: How to Protect Your Future
“The best time to start thinking about your retirement is before the…
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Calculating Retirement: How Much Does Gen X Need to Retire Comfortably?
“Retirement is a blank sheet of paper. It is a chance to…
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Actually, Pickleball and Retirement Are More Alike Than You Think
“The trouble with retirement is that you never get a day off.”…
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9 of the Best-Performing 401(k) Funds for Your Retirement Portfolio
When it comes to saving for retirement, choosing the right 401(k) funds…
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Top 10 Best Performing Stocks 2024: Smart Investments Uncovered for the Summer to Heat Up Your Portfolio
“Retirement is wonderful if you have two essentials—much to live on and…
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Let’s Go Global: Top 7 Lucrative Markets for International Investing in 2024
“Retirement: When you stop living at work and start working at living.”…
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The Global Impact of Retirement: How Your Retirement Affects Global Wellness
“The most important thing is to enjoy your life—to be happy—it’s all…
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The Impact of Inflation on Retirees
Inflation is a pressing issue for all U.S. citizens, but retirees are…
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Maximizing Protection: How to Leverage National Insurance Awareness Day for Your Secure Future
“Life is short, and it is up to you to make it…
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Ensuring a Safe Retirement: Navigating the Challenges of Long-Term Care
“The purpose of life is to live it, to taste experience to…
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Beware the Retirement Savings Tax Trap
Minimizing taxes in retirement is crucial. Many overlook that IRAs and 401(k)s…
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Eco-Conscious Real Estate: Building a Sustainable Green Retirement Nest Egg
“The purpose of life is to live it, to taste experience to…
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Dadpreneurs: Choosing the Best Small Business IRA Plans
“Enjoy the little things in life, for one day you may look…
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The Father’s Guide: How to Build a Nest Egg for Future Stability
“Life is short, and it is up to you to make it…
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A Controversial New Retirement Rule
Navigating retirement savings can be daunting, especially when seeking professional financial advice.…
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Maximize Your Savings: How to Leverage 529 Day for Future Education Costs
“The trouble with retirement is that you never get a day off.”…
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Discovering the Best 403b for Teachers: Your Guide to Smart Retirement Planning
“Retire from your job, but never retire your mind.” – Unknown As…
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Top 50 Inspiring Retirement Bucket List Ideas for Your Golden Years
“Retirement is not about ‘finding yourself.’ It’s about losing yourself in the…
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Navigating The Four Phases of Retirement
As you approach one of life’s most significant milestones, it’s essential to…
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Understanding the Difference: Credit Rating vs Credit Score Explained
“Retirement means giving yourself permission to do nothing at all and not…
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Celebrate National Be a Millionaire Day with Smart Financial Moves
“Money can’t buy happiness, but it can make life a lot easier…
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The Ultimate Guide on How to Build Wealth: Strategies for Long-term Success
“Retirement is the best time to take up new hobbies, see new…
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ERISA: Your Key to Retirement Security
The Employee Retirement Income Security Act (ERISA) protects Americans saving for retirement…
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Smart Retirement Investments: Maximizing Your Golden Years With Strategic Choices
“Retirement is a time to enjoy the things you never could before.”…
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Essential Guide to Estate Planning for Veterans: Protecting Your Legacy
“Retirement is a blank sheet of paper. It is a chance to…
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Understanding Your Military Retirement Benefits: A Comprehensive Guide
“Retirement life is different because it is more relaxing and calm. You…
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Bridging Wealth Gap Opportunities Through Financial Education
In a world where the reality of economic disparity is as undeniable…
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Maximizing Benefits: Your Complete Guide to Army Retirement Planning
“Retirement: That’s when you return from work one day and say, ‘Hi,…
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Smart Retirement Planning for Moms: A Guide to Secure Your Future
“Retirement is a time to enjoy the things you never could before.”…
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Maximizing Benefits: A Comprehensive Guide to Teacher Retirement Systems
-“Retirement: World’s longest coffee break.” – Author Unknown Are you an educator…
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Unlocking Additional Income Streams in Retirement
Retirement often marks a significant shift in one’s financial landscape. While it’s…
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Best 401k for Teachers: A Smart Guide to Optimizing Your Retirement Savings
“Don’t simply retire from something; have something to retire to.” – Harry…
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A Comprehensive Guide Through The 5 Stages of Retirement
“The key to retirement is to find joy in the little things,…
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Securing Your Future: 6 Strategies to Avoid Forced Retirement
As retirement approaches, many individuals envision a smooth transition into their golden…
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Retirement Tax Planning Literacy: Maximizing Savings & Minimizing Liabilities
“Retirement is when you stop living at work and start working at…
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Top 3 Trending (SRI) ESG Stocks to Buy in 2024
“Socially responsible investing is about aligning your investments with your values, ensuring…
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Retirement Risks: Financial Literacy for Mitigating Challenges
“The only way you will ever permanently take control of your financial…
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How to Borrow Money Tax-Free: Mastering the Buy, Borrow, Die Method to Get Richer
“Retirement is not the end of the road. It is the beginning…
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A Larger Social Security Increase Next Year May Have Unintended Consequences!
The annual Social Security cost-of-living adjustment (COLA), announcement is just four months…
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Mind the GAP: How to Protect Your Assets Against Loans
“The best time to start saving for retirement is when you’re young.…
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Naming a Life Insurance Beneficiary: Tips For Effective Estate Planning & Taxes
“The goal of retirement is to live off your assets—not on them.”…
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What’s The Realistic Solution to Social Security’s Growing Cash Shortfall?
For many retired Americans, Social Security income is essential. Surveys spanning over…
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Smart Wealth: What the Rich Teach Their Kids About Money Management
“It’s never too early to start saving, but it can be too…
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Maximize Your Investments: How to Effectively Rebalance Portfolio Strategies
“Retirement is when you stop living at work and start working at…
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Top 3 Tricks for a High Net Worth Retirement – This is What The Rich Use To Retire!
“The question isn’t at what age I want to retire, it’s at…
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Are High-Risk Investments Worth Risking Your Retirement Portfolio?
Retirement is a stage in life when financial stability becomes paramount. For…
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Top Retirement Income Investments for a Portfolio to Help You Secure Your Golden Years
“Don’t focus on making money; focus on protecting what you have.” –…
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Fashion Investing: How to Use Designer Items to Save on Taxes and Build Wealth
“Fashion is not something that exists in dresses only. It is in…
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Maximizing Your Wealth: Navigating Sequence of Returns Risk in Retirement Planning
“Investing should be more like watching paint dry or watching grass grow.…
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Rolling over your 401(k) – A Step-by-Step Guide
If you have a 401(k) plan through your employer, you may be…
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Keeping Up With Inflation: Tips for Wealthy Retirees to Stay Ahead
“Save money, and money will save you.” – Jamaican Proverb Don’t let…
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SIMPLE IRA vs. Traditional IRA: Which Retirement Plan is Right for Wealthy Retirees
“The only thing that stands between you and your dream is the…
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Retirement Planning For The Wealthy: When to Start Creating Long-Term Investments
“Save for the future because that’s where you’ll spend the rest of…
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Discover 5 Ways to Minimize Taxes on Retirement Income
Planning for retirement? Taxes can significantly impact your financial freedom. Adjusting strategies…
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Investing in Oil & Gas: A Wealthy Building Strategy
“It’s not how much money you make, but how much money you…
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Leading the Bull: Women’s Empowerment and Influence in Financial Leadership
“Don’t be intimidated by what you don’t know. That can be your…
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Investing in Luxury Watches: Tax Benefits and More
“In investing, what is comfortable is rarely profitable.” – Robert Arnott Are…
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How Raising the Retirement Age Could Help or Hurt Seniors
In this issue of our monthly newsletter, we’re taking a deep dive…
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Investing in Artwork: Using Art To Lower Your Tax Liability
“The goal of investing is to put your money to work in…
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How to Celebrate Your Employees: National Employee Appreciation Day
“To win in the marketplace, you must first win in the workplace.”…
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Leverage Debt to Build Wealth: Navigating Debt Awareness Week on March 18th
“The time of maximum pessimism is the best time to buy, and…
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Required Minimum Distributions (RMDs) Essential Calculations & Defining Tips
When planning for retirement, understanding how Required Minimum Distributions (RMDs) work is…
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5 Things You Need to Know: Navigating the FSA Deadline with Ease
“The habit of saving is itself an education; it fosters every virtue,…
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Empowering Your Future: The Benefits of Global Money Week for Financial Education
“The goal isn’t more money. The goal is living life on your…
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History-Makers to Game-Changers: Women Transforming Finance
“Financial independence is the new empowerment for women. It’s not about having…
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Planning for the Solo Years of Retirement
For many, planning for retirement involves imagining a future with a partner…
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Mastering Asset Allocation: Your Essential Guide on How to Diversify Portfolio
“Don’t put all your eggs in one basket. Diversify.” – Unknown Unlock…
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Retirement Readiness: Balancing Debt Repayment with Retirement Savings
As you approach the golden years of retirement, it’s common to scrutinize…
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Mastering the Art of Living a Luxurious Life on Any Budget
“Luxury is anything that feels special. I mean, it can be a…
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Tune In: Erik Sussman, Founder of The Institute of Financial Wellness Coming Up on Fox Business
NEW YORK – – – –Erik Sussman CLU®, ChFC®, CFP®, is the…
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Smart Strategies for High Net Worth Investing in the Current Market
“In investing, what is comfortable is rarely profitable.” – Robert Arnott Mastering…
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Unique Retirement Challenges for the Wealthy
“Retirement is wonderful if you have two essentials – much to live…
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What Can You Do NOW for the Social Security & Medicare Retirement Crisis Ahead?
As the clock ticks forward, the twin pillars of many Americans’ retirement…
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Advanced Financial Planning for the High-Income 60s
“Time is the scarcest resource, and unless it is managed, nothing else…
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Investing in Exclusive Real Estate as Part of Your Retirement Strategy
“Exclusivity is not about being snobbish; it’s about embracing a lifestyle that…
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Lifestyle Changes to Boost Retirement Savings
Lifestyle Changes to Boost Retirement Savings “Do not follow where the path…
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Best Strategies for Lifetime Income In Retirement
Maximizing lifetime income in retirement requires a strategic approach, which often includes…
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Understanding The Shift: Why Did Pensions Go Away and What’s Next for Retirees?
“Retirement is not the end of the road; it’s the beginning of…
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Celebrating Black Financial Pioneers: Lessons for Retirement Planning
“Black history is American history. It’s not just a month; it’s a…
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Firmly Into 2024 – It’s Time For That Retirement Review
As February unfolds, the dust settles on the faded echoes of New…
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How Do I Improve My Retirement Score?
“Retirement means doing whatever I want to do. It means choice.” –…
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How is The Retirement Score Calculated?
“The best way to predict your future is to create it.” –…
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Smart Retirement Planning: Beyond Numbers and Investments
When it comes to planning for retirement, the focus is often on…
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Unlocking RRSP Benefits: Your Ultimate Guide to Retirement Savings Plans
“Do not save what is left after spending, but spend what is…
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Empowering Gen X: Proven Strategies for Retirement Readiness
“Gen X is the bridge between two powerful generations, the Boomers and…
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Crack the Retirement Code: Discover How Much You Need to Retire Comfortably
“Life is only as comfortable as your mindset; happiness is not about…
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Boost Your Retirement Savings & Increase Your Retirement Income
If you’re behind on saving for retirement, don’t worry – there are…
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Essential Guide: How Much to Save for Retirement to Live Comfortably
“Live life to the fullest, and focus on the positive.” – Matt…
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Discover Your Lost Fortune: What to Do About Unclaimed Retirement Funds
“Retirement is not just about financial planning; it’s an investment in a…
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Maximize Your Retirement Income: The Must-Know Strategies for 2024
“Retirement is the opportunity to live life on your terms, to embrace…
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Retirement Account Balances Soar to New Highs in 2023, but Pose a Dilemma for Retirees
As the stock market continues to surge, retirement account balances have reached…
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Navigating Your Golden Years: Understanding How Does Inflation Affect Retirement Savings
“Retirement is not the end of the road. It’s a new beginning,…
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Smart Strategies: How to Use Debt to Build Wealth Effectively
“Wealth is not about having a lot of money; it’s about having…
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Mastering Debt-Free Retirement: Your Practical Guide to Financial Freedom
“Debt is like a ball and chain; it will weigh you down…
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Get Ready for Retirement: Here’s How to Take Control of Your Finances In 2024
With the upcoming presidential election, this year is bound to be interesting.…
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Early Retirement Essentials: Your Strategic Plan to Achieve Financial Freedom Sooner
“Financial peace isn’t the acquisition of stuff. It’s learning to live on…
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Retire to a Purr-fect Life: Dogs are the Perfect Pets for Retirement
Don’t go ‘ruffing it’ during retirement. Dog ownership can be a great…
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2023 December Decisions: Year-End Effective Tax Planning for Retirees
“Every task, goal, race and year comes to an end…therefore, make it…
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10 Financial New Years Resolutions
“New Year = A New Life! Decide today who you will become,…
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Discover The Surprising Truth About Social Security Benefits and Taxes
Did you know that even if you don’t work with a financial…
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Elf-Assist: Retirement Planning Must-Dos Before New Year
“For last year’s words belong to last year’s language, and next year’s…
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Mistletoe Magic: Tax Savings On Charitable Contributions
“No one has ever become poor by giving.” – Anne Frank Giving…