The Semmax Way

• Bigger Standard Deduction
• Spousal IRA Contribution
• Deducting Medicare Premiums
• Tax Credit for Low-Income Seniors
• Timing Tax Payments

• Market volatility can cause us to become emotional and lose our sense of where we are and where we want to go.
• We tend to micromanage our investments because it makes us feel in control.
• We believe we are better at investing than we really are.
• Our perception can be faulty.

• Fiduciaries have a “duty of care” role.
• Fiduciaries are required to give advice in the best interests of their clients.
• Fiduciaries need to monitor their clients' investments, weighing risks.
• Fiduciaries need to be open about any conflicts of interest.

• When it comes to Social Security, each circumstance is different.
• Social Security forms part of your overall retirement plan.
• If you have a spouse, how does this affect your Social Security?
• How can delaying Social Security affect your beneficiaries?

• Check your asset mix.
• Add to your cash savings.
• Project your Social Security.
• Have a backup plan.

• Review your investments.
• Examine unnecessary expenses.
• Automate your savings or investment.
• Channelise money in different investment avenues.
• Strengthen emergency funds.
• Review your debt and rework your budget.

• Practice Retirement Spending Now.
• Did You Take Out a Coronavirus Hardship Withdrawal?
• Reassess Your Post-Crisis Risk Tolerance.
• Consider Part-Time Work for Retirement.
• Should You Postpone Retirement?

• Be Ready for Early, Unplanned Retirement.
• Deal with Your Debt Immediately.
• Prepare a Health Insurance Strategy.
• Maximize Your HSA Contributions.
• Understand Your Retirement Income Options.

1. Professional certification mark for financial planners.
2. Rigorous certifications for financial planning knowledge.
3. Help with creating a comprehensive financial plan.

The portions of this video discussing the qualifications for certification as a Certified Financial Planner are qualified in their entirety by the information contained in the CFP Board certification page, available here.

1. Retirement Planning and Wealth Management.
2. Income Planning, Legacy Planning, and Healthcare Planning.
3. Tax Planning.