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Biden Has Signed an Executive Order Regarding Student Loan Debt: How May This Affect Georgia Borrowers.

1/21/2021

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Student loan debt reached $1.48 trillion in America by the end of 2019, with approximately 45 million borrowers across the United States.1 Here in the State of Georgia, we have the third highest average debt in the nation at $39,272 per borrower2, of which there are a lot of. It is estimated that over 1.6 million Georgia residents currently hold a student loan. Amidst the COVID-19 pandemic, many Americans have experienced financial instability. This means that for 45 million Americans, paying down student loan debt may be harder than ever before.


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COVID-19 Hasn't Cancelled Fun. 6 Financial Tips Georgia Retirees Can Use To Fund Your Retirement Bucket List

12/7/2020

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​The coronavirus pandemic has been hard on everyone in Georgia and throughout the United States this year, and we’ll continue to see big adjustments in our everyday lives for months to come. Whether you’ve personally battled the illness, faced financial difficulties or postponed important plans, it has not been easy on anyone. But this doesn’t mean you should simply stop planning for the future. Here is why you should start a targeted plan now plus six tips for funding your retirement bucket list.


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Georgia Investors, How Could the Behavior Gap Affect Your Investments During This Time of Market Volatility?

11/24/2020

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“It turns out my job was not to find great investments, but to help create great investors,” writes Carl Richards, author of “The Behavior Gap.”1 From increasing our budget mindfulness to taking a steadier approach to investing, Richards has drawn attention to the way our unexamined behaviors and emotions can be our detriment when it comes to living a happy and financially sound life. For Georgia retirees, investing behavior may just be the single biggest factor that determines your success in retirement.


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What are the Biggest Tax Mistakes Retirees Make?

10/23/2020

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​As we face a “likely" climate where taxes are going to be higher, I wanted to share a couple of optimal planning ideas to avoid - what I call “Tax Torpedoes”. What is a tax torpedo? It’s when your effective rate on certain portions of your income is higher than the statutory tax rate (in essence, the legal tax rate for each bracket of total income).
While every strategy will not be applicable to you, there is at least one idea that regardless of where you are in life, should be considered to potentially reduce your taxes and increase net income.


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5 Things You Need to Know About Self-Directed IRAs

10/12/2020

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​Are you looking for more control over your retirement investments? A self-directed IRA can be a beneficial plan for many people and enables holders to invest in unique assets, like real estate and precious metals. However, it also comes with increased responsibility and regulations. To find out if a self-directed IRA (SDIRA) is right for you, consider the below factors.


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4 Yearlong Tax Tips for North Georgia Retirees

9/21/2020

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Whether you’re just easing out of the workforce or you’ve been in retirement for a few years now, making the right financial moves is critical. If you’re working with an advisor or taking a look at your finances yourself, one central goal during retirement is protecting your wealth from unnecessary taxes. 
In many cases, there are ways to avoid owing more taxes - but usually, this requires proactive action beyond tax season. Below we’ll explain four tips you can utilize throughout the year to help minimize your tax obligations in retirement.


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How Do You Survive Financially After Retirement?

8/10/2020

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Retirement is a major milestone that brings many life changes. One thing that doesn't change for most people: the fear of running out of money.

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 According to the Transamerica Center for Retirement Studies, the most frequently reported retirement worry is outliving savings and investments. Across all ages, 51% of respondents cited this concern, and 41% of retirees claim the same fear. Additionally, only 46% of retirees think they've built a nest egg large enough to last through retirement.
 
Now is the time to face your fears. Take a look at a dozen ways you could go broke in retirement and learn how to avoid them. Some you can avert with careful planning; others you have little control over. But you can prepare your finances to make the best of whatever may come.


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Can you still retire, Georgia? How COVID-19 Is Affecting Retirement Plans Right Now

8/5/2020

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Throughout the first half of 2020, residents of Georgia as well as citizens around the globe have been feeling the detrimental physical and financial impacts of the COVID-19 pandemic. As of April 21, 2020, deaths in America climbed above 39,000. Throughout March and April, families across the country have continued to practice social distancing and follow strict stay-at-home orders.1


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Atlanta Retirees, is a Lump-Sum Social Security Payment Right For You?

7/7/2020

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As an individual nearing 70, you’ve intended to delay your Social Security benefits until the decade comes. But in some cases, there are times when you may need the money sooner than expected. Seemingly in the knick of time, there is an option to receive up to six months of benefits in a lump-sum by initiating your Social Security retirement benefits early. While this is an important option to have, what are the consequences of applying early?


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Gainesville, Georgia Retirees...What to Do When the Market Tanks.

6/29/2020

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You notice over your morning coffee a stern warning emanating from your television as the very serious business reporter notes the Dow opening down one percent. What do you do? If you screamed, “Sell!” or “Panic!” perhaps you should take the advice of some of the world’s savviest investors and turn away from the stock ticker for the rest of the day. You may be envisioning dollar signs flying out of your wallet and you want to get on the phone and sell. You may even see an opportunity to buy. However, history tells us that sticking to your investment plan is always the smartest course of action and that market timing or panic selling will rarely if ever outpace simply letting the periodic "Bear " market to run its course.


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    Author

    Roy Larsen is a Certified Financial Planner™ practitioner and Fee Only Wealth Manager who resides outside of Atlanta, Georgia.

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    Roy's Financial Blog contains articles on the multiple and complex issues of living successfully in Retirement. There are additional resources on our educational website, www.successfulretirementinstitute.com.

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Larsen Wealth Management, LLC is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Larsen Wealth Management, LLC and its representatives are properly licensed or exempt from licensure. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Larsen Wealth Management, LLC unless a client service agreement is in place. 


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Photos used under Creative Commons from AJ Photographic Art, AFGE
  • Welcome
  • Start Here
  • Our Team
    • In The Community
    • Roy Larsen, CFP® Biography
    • Jeanne Puddington, Client Relations Specialist
  • Blog
  • Solutions
    • Comprehensive Wealth Management
    • Investment Options
    • How We Earn Money
  • Contact
  • Client Access Portals