Social Security Facts for 2022Submitted by Sims Investment Management, LLC on January 6th, 2022
Approximately 70 million retired Americans collect Social Security benefits. Of those retirees, 8 million also collect Supplemental Security Income (SSI). But Social Security is more than retirement income. It also provides life insurance and survivor benefits.
IRS Woes: Don't Let Taxes Derail Your Retirement PlansSubmitted by Sims Investment Management, LLC on October 28th, 2021
All United States citizens are subject to income tax from the federal government, even those who are retired. Living on a fixed income in retirement can be difficult, so it’s important to plan accordingly for how you will be taxed to get an accurate picture of your financial health.
Here’s what you need to know about taxable income in retirement.
Small Business Owner Retirement: Dealing with an Unexpected ExitSubmitted by Sims Investment Management, LLC on October 14th, 2021
You’ve spent many years building your business from the ground up, working through the highs and lows of entrepreneurship. Now, as you’re nearing retirement age, it’s time to think about what will happen to your business when you’re no longer working.
Retirement SuccessSubmitted by Sims Investment Management, LLC on September 30th, 2021
Retirement can invoke a mix of conflicting emotions from anticipation to fear, excitement to anxiety. It’s one of the biggest life changes we experience in our adult lives. Most of us anticipate and save for it for decades. But, going from receiving a paycheck for most of your adult life to living off the wealth you have amassed is no doubt an unnerving transition.
Annual Financial To-Do ListSubmitted by Sims Investment Management, LLC on September 23rd, 2021
Annual Financial To-Do List
Things you can do for your future as the year unfolds.
Provided by Cory K. Sims
Retirement as a Single WomanSubmitted by Sims Investment Management, LLC on September 9th, 2021
If you’re in the 29 percent of women between ages 50 and 64 who are single, you may be wondering what retirement will look like.
Pre-Retirement Preparedness: Planning for Your Career ExitSubmitted by Sims Investment Management, LLC on September 2nd, 2021
This is it. You’re zeroing in on your retirement years. You’ve been planning this for decades, but are you really ready? If you’re five to 10 years away from retirement, it’s time to start getting specific about your plans after exiting your career. Here’s what you should be doing to prepare.
Making the Most of Your Tax ReturnSubmitted by Sims Investment Management, LLC on August 26th, 2021
Tax season is officially over, and many of us are looking forward to our tax returns hitting our bank accounts. While some may choose to spend their return on a special treat, others may want to use the extra funds to boost their investments. If you’re trying to decide where to spend (or save) it, here are some ideas for how to make the most of your tax return.
Money Management 101: Tips for Your Kids Entering the WorkforceSubmitted by Sims Investment Management, LLC on August 19th, 2021
When we’re young, we have so many lessons to learn—one of the most important being how to manage our money. If your kids are starting to enter the workforce, whether it’s a part-time job just for the summer or a full-time job after graduation, it’s essential they know how to practice healthy financial habits.
Preparing for an Early or Unexpected RetirementSubmitted by Sims Investment Management, LLC on June 17th, 2021
More Americans are retiring earlier than you might think