Retirement is the perfect time to align your passions with purpose—whether it's reading to kids, helping at animal shelters, or sharing your skills in art, cooking, or business. Volunteering in areas you love can deepen your fulfillment, build community, and make a lasting impact. What will you organize your retirement around?
Donating appreciated assets like stocks or real estate to charity can maximize both philanthropic impact and tax benefits. This strategy allows donors to potentially claim a full fair market value deduction while avoiding capital gains taxes, especially when assets are gifted directly rather than sold first. Tools like donor-advised funds and timing strategies may further enhance the efficiency and flexibility of charitable giving.
Living the best life possible in retirement (or pre-retirement) requires maintaining a healthy brain. Moderate cardio and weight training along with continual learning and the right diet can help maintain a healthy brain. Reducing stress through a variety of means, including exercising, journaling, and demonstrating smart sleeping habits should also help you maximize a return on life by keeping your mind sharp.
Bucket portfolios are designed to provide spending resources during investors’ decumulation periods, usually in retirement. They are made of three buckets, arranged by time horizon – now, soon, and later – and the investment type used in each bucket – cash, bonds, and stocks. Learn more about bucket portfolios by contacting Oasis Wealth Planning Advisors.
SuperAgers are my superheroes in retirement. They maximize their life because they intentionally focus on staying physically active, seeking out challenges that expand their minds, and developing and enhancing their relationships.
Do you want to kick Uncle Sam in the groin? A Health Savings Account may indeed offer you that opportunity. Learn the pros and cons of a Health Savings Account and the nuances of implementing this strategy.
Travel in retirement can be immensely rewarding. While you do not have to see the world to find fulfillment in retirement, traveling beyond your home into different communities and cultures can provide you with rich experiences to learn, expand relationships, renew, and reach new horizons.
Many investors are concerned with the effect of election results. Do past results suggest a useful strategy to deal with election-year uncertainty? The answer is yes, but not as you would imagine. Vote with your ballot, not with your life savings.
