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So far SullivanAdmin has created 102 blog entries.

Soon you could be paying much higher taxes….

Most people don't realize it... But taxes are near historical lows. Today, the highest Federal income tax rate is 37%. Do you know what the highest Federal tax rate was in 1981? It's was 70%! (Thats almost unbelievable, isn't it?) Here's why these low tax rates can't last forever... Our national debt is now more than $31 trillion. But money [...]

By |2024-01-31T15:11:12+00:00January 31, 2024|Uncategorized|

5 Common sense investing rules……

Last year we experienced more stock market volatility than we've seen in over a decade. Unfortunately, volatile markets often bring out the worst in investors. This is when they make mistakes. And these mistakes often come with big price tags Thats why we came up with 5 common sense investing rules that could help you avoid making a costly mistake... [...]

By |2024-01-24T15:55:44+00:00January 24, 2024|Uncategorized|

The Ugly Truth about inflation……

Regardless of what you've heard about inflation, its probably worse than the fed is letting on. You see, we used to measure inflation differently. The New York Times reported... "In 1983, the inflation calculation switched from tracking mortgages and other housing costs to tracking owners equivalent rent, making the measurement less volatile." And then in 1998, the government substantially revised [...]

By |2024-01-16T16:27:17+00:00January 16, 2024|Uncategorized|

Your retirement milestones…

There are a handful of milestone ages that could impact your retirement game plan. Here's a breakdown of the important considerations and to-dos that occur with the following retirement milestone ages: Age 59 1/2: You can start to withdraw money from your IRA, 401K and other retirement accounts without penalty. Any money withdrawn before this age will result in a [...]

By |2024-01-09T19:40:17+00:00January 9, 2024|Uncategorized|

What to know about IRA and 401(k) withdrawals…

If you have an IRA or 401(k), you know that contributing money to these accounts is fairly simple. But withdrawing your money in retirement is when things can become complicated. That's because your IRA and 401(k) are government administered accounts that come with a number of rules and regulations regarding withdrawals, Which means making withdrawals without a plan could result [...]

By |2024-01-02T21:02:23+00:00January 2, 2024|Uncategorized|

Did you know?

Did you know you are more susceptible to telephone or internet fraud the older you are? One of the most common scenarios occurs when a “scammer” calls you impersonating a grandchild - suggesting to you that the fuzzy phone connection is because of where they are, that they are afraid to tell their parents what happened, and they ask you [...]

By |2023-10-05T17:07:15+00:00October 5, 2023|Uncategorized|

Am I doing what others like me are doing?

Did you know that the average age of an annuity buyer is in their early 60s with the majority of annuities purchased by individuals between ages 55–70? According to Oxford Economics, the U.S. population aged 65 or over is expected to grow by more than 8.3 million from 2022 to 2027 and so the number of persons purchasing annuities is [...]

By |2023-09-28T17:06:29+00:00September 28, 2023|Uncategorized|

What’s Your Number?

We’ve been asked to provide some online tools to help estimate your longevity, a topic we discussed last week. We found three we thought to share, each with varying degrees of specificity. The Social Security Administration’s Life Expectancy Calculator (sea.gov/oact/population/longevity.html) requires just two inputs: age and gender. The American Academy of Actuaries and the Society of Actuaries’ Longevity Illustrator (longevity [...]

By |2023-09-21T21:18:35+00:00September 21, 2023|Uncategorized|

The Most Important Assumption

I read an article this past week that discussed what the author said was the most important assumption of retirement planning, life expectancy. The article said experts call this the “retirement-consumption puzzle”.  While we can reasonably estimate each of our retirement income sources and dollar amounts, the one most important factor we can’t know is how long we’ll live.  The [...]

By |2023-09-14T18:10:24+00:00September 14, 2023|Uncategorized|

When?

When is the right time to retire? While we know that what matters most is being prepared financially, it’s also a question that depends on your personal needs and circumstances. The National Bureau of Economic Research found that "retirement improves both health and life satisfaction" but the age at which you retire impacts the quality of your retirement. The age at [...]

By |2023-09-07T18:08:24+00:00September 7, 2023|Uncategorized|
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