Retirement Planning Archives - PCIA North Texas

Brandon McCormick In Financial Planning, Retirement Planning

5 Things You Need to Know About Retirement

There’s an old saying that goes something like, “What you don’t know can’t hurt you.” You might have even used it, maybe when you came home past curfew without your parents finding out or poured your juice into the plant when no one was watching. And sure, no one being the wiser might have worked when you were young, but…

Brandon McCormick In Lifestyle, Retirement Planning

5 Things You Should Know if You’re Retiring in 2024

Are you planning to enter the most exciting phase of your life in 2024? A phase where you get to do what you want to do, not what you have to do? With the right planning and preparation, it’s possible, but you should be aware of the year-over-year changes that occur for retirees, especially if this is your first year.…

Brandon McCormick In Financial Planning, Retirement Planning, Tax Planning

Your 2023 Year-End Financial To-Do List

It’s that special time of the year when the holiday spirit is in the air, good friends are always near, and family time fills up our schedules. It’s also the perfect time to take financial inventory and reassess your plan to see if it still aligns with your goals. You may need to make tweaks, as your circumstances have almost…

Brandon McCormick In Financial Planning, Retirement Planning, Wealth Management

Why Long-Term Care is an Important Part of a Financial Plan

Financial planning can be a complex process, especially for those looking for a comprehensive plan that accounts for every aspect of their life. That comprehensive plan traditionally includes budgeting, investing, tax-mitigation, estate planning, and as you get closer to retirement, should even include Medicare and Social Security. One aspect that often goes overlooked, however, is planning for long-term care, or…

Brandon McCormick In Financial Planning, Retirement Planning

6 Key Features of Indexed Universal Life Insurance

Traditionally, life insurance has been one of those assets someone might hold but hope they never have to use. Often crafted to protect from the worst-case scenario, it’s most known for the death benefit it can offer heirs in the event of untimely death, providing a payout that has the potential to ease both financial and emotional tension. Modern life…

Brandon McCormick In Financial Planning, Retirement Planning

Financial Freedom at Each Stage of Life

It’s true. Money can’t buy happiness. You can’t simply walk into a store and purchase it over the counter or off the shelf. It can, however, open avenues that allow you to pursue happiness, giving you the flexibility to chase what makes you feel fulfilled, understood and complete. That flexibility is called financial freedom, and it occurs when you’re no…

Hunter Lawson In Financial Planning, Retirement Planning

Traditional vs. Roth IRA

Traditional IRA: The traditional IRA offers a tax advantage as you save for retirement. Here’s how it works: Let’s say you contributed $5,000 to a traditional IRA this year, you may be able to deduct that $5,000 on your tax return. This allows you to have a nice break on your taxes to the IRS. If you’re filing individually and…

Brandon McCormick In Retirement Planning

7 Signs You May be Ready for Retirement

Preparing yourself for retirement can be scary, as so many variables and questions leave timing up in the air and offer little to no confidence when it comes to selecting the perfect moment to quit your job and spend your time doing what you want to do instead of what you have to do. There are, however, strong indicators that…

Brandon McCormick In Retirement Planning

7 Ways SECURE Act 2.0 Could Affect Your Retirement

After consumers throughout America were forced to endure a harsh financial storm in 2022, the year came to a close with President Biden signing a bill intending to increase and enhance the capabilities of retirement accounts. The bill is commonly referred to as SECURE Act 2.0, and it is the follow up to the Setting Every Community Up for Retirement…

Will O’Rourke In Financial Planning, Retirement Planning

Living Trust Benefits

What is a Revocable Trust? A revocable trust, often called a living trust, is essentially an agreement between a trustor and a trustee. In this agreement, the trustee is granted the right to hold assets and property of the trust for the benefit of a third party called a beneficiary. It is common practice that the individual creating the trust,…

Retirement Planning

Prime Capital Investment Advisors North Texas

Prime Capital Investment Advisors
North Texas