Wright Money Tips

·        Important questions you should ask yourself when thinking about retirement:

• ·        How to make sure that your lifestyle needs are being met.
• ·        Common shortfalls to avoid if you plan to retire soon.
• ·        How family can play a role in preparing for retirement.
• ·        How a financial planner can help you prepare for retirement.

Here are a few things that they’ll discuss:

• Income as cash flows
• Medical and health care
• Advanced financial planning
• Risk management
• Tax-efficient strategies

• Options for estimated federal income tax payments.
• What to do if you had capital gains the year before.
• Why it is important to review your W-4.
• The benefits of working with a financial professional.

• Determining if you need to make changes to your cash flow.
• How to combine finances.
• Maintaining separate or joint accounts.
• Reviewing your filing status.
• How to carefully structure your estate plan if you or your spouse have children from a previous marriage.

• Income cash flow needs
• Social Security benefits
• Asset transfers
• Employer life insurance and disability policies
• How a financial planner can help you with your unique situation

• Cash flow challenges
• Assets and debt
• Insurance planning
• Tax planning
• Long-term planning
• Protecting your privacy

• The roles of an executor in handling the payment of debts, distribution of assets to beneficiaries, taxes, and documenting this with the court.
• Creating asset inventory.
• Establishing an Estate Tax ID number.
• The possibility of being paid as an executor.
• How to determine if probate is necessary.
• Using an attorney to help guide you through the process.

• How to review your expenses and identify your variable rates.
• How to review your income plan before making an employment decision.
• Consider annuities because of their guaranteed income and increases for inflation.
• How an HSA can serve as an avenue for helping with rising medical costs
• How to work with an advisor to create and adjust income streams over time

• How to protect yourself from potential cyber threats.
• What to do if you are a victim of identity fraud.
• Tips to protect you and your family with social media and downloadable apps for your phone.

• The importance of identifying what you’re trying to accomplish before investing.
• Whether you will need most if not all the money within a certain window of time.
• Determining how liquid your other assets may be.
• Do you need to review your risk tolerance?