As the year-end approaches, now is an ideal time to review strategic planning opportunities and preview what lies ahead in 2023. We encourage you to discuss these planning topics with your Sand Hill Wealth Manager. Retirement Planning In 2023, retirement plan contributions for 401(k)s, 403(b)s, and most 457 plans will increase to $22,500 with an … Continued
Navigating the Financial Aspects of the Marital Dissolution Process August 10, 2020 For more than 25 years, Sand Hill’s Divorce Financial Planning team has partnered with family law professionals to help clients navigate the complex financial aspects of the marital dissolution process. Our singular goal has been ensuring that both clients and their professional team … Continued
Understanding Social Security retirement benefits can be a daunting task for many, but even more so for divorcees. The eligibility rules are different when collecting a benefit on a former spouse’s employment record. The following article is meant to help demystify much of the confusion surrounding qualifying for a benefit and provide key guidelines to … Continued
Now that we are well into the final quarter of the year, it’s time to think ahead to what is approaching taxpayers in just few short months. At this time every calendar year, the various government agencies release updated figures for a range of items such as retirement contribution limitations, gift & estate tax exemptions … Continued
Social Security was established in 1935 in the depths of the Great Depression to provide Old-Age, Survivors, and Disability Insurance (OASDI). What started as a program covering only about 50,000 Americans has turned into one now covering over 50 million beneficiaries. By dollars paid out, the US Social Security program is the largest government program … Continued
When Congress and President Obama struck a budget deal last week, political and market observers alike cheered as years of partisan gridlock seemingly came to an end, if only briefly. Those who probably aren’t cheering as much? The many Baby Boomers nearing retirement who saw the Social Security system turned on its ear with the … Continued
Tragically, developing Alzheimer’s disease or another form of dementia can rob families of the joy of the golden years. According to the Alzheimer’s Association, every 67 seconds someone in the United States develops Alzheimer’s. Because on average women live longer, they are even more likely than men to develop dementia – almost two thirds of … Continued
In the beloved 1956 musical My Fair Lady, Alfred Doolittle, the father of Eliza Doolittle, has one last spree before his own wedding. The familiar tune “Get Me to the Church on Time” is a plea to his friends not to let his merriment get in the way of his good intentions! Few things are … Continued
One of the biggest challenges facing retirees is the rising cost of healthcare and how they’ll pay for it. Medicare, the country’s health insurance plan for Americans age 65 and older, helps to make health care affordable; however, the enrollment process and decisions of when and how to file can be complicated and stressful. If … Continued
Most of us imagine our transition to retirement will be filled with both excitement and relief; however many find the transition to have an unexpected emotional impact. As a way to manage the transition, a growing number of professionals are making a calculated “downshift” into a flexible state of semi-retirement that has both personal and … Continued