Trajan's Tactical Tips

A blog for everyday financial tips, Trajan news updates, and more

Business

401(k) Options for Small Business Owners

Small business owner? You should establish a retirement plan to help be more financially confident in retirement. It may also help attract and retain qualified employees and offer business tax savings.

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Wealth Management for High Earning Women
Investing

Wealth Management For High-Earning Women

High-earning women have become the newest face of wealth and will increase their net worth even more. Women have unique needs that often differ from their male counterparts. Taking action to manage their wealth and plan for their future can help women pursue financial confidence, regardless of their income.

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Social Security COLA May Be Less in 2024
Retirement Planning

Social Security COLA May Be Less in 2024

For 2023, Social Security Retirement and Supplemental Security Income (SSI) benefits increased due to inflation. Social Security was meant to be one source of retirement income, with monthly retirement income from other strategies such as Traditional and Roth IRAs, Annuities, and Cash Value Life Insurance.

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Annuities: What they are and how they work
Annuities

Annuities: What They Are and How They Work

Having enough retirement income is a top concern for many Americans nearing or in retirement. Having enough retirement income for what you need and want is essential and must be planned for, even in the best economic conditions. A way to provide income safety is by using annuities as an asset class in your retirement portfolio. Here’s a brief overview of the different types of annuities that can provide an alternative for retirees seeking income and safety.

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3 ways to save for your child's retirement
Retirement Planning

3 Ways to Save for Your Child’s Retirement

Helping your child save for retirement starts with financial education and discussing the importance of saving for their future. Besides financial education, there are strategies to help them get a head start on their retirement savings. Life Insurance, 529 plans, and Roth IRAs are all great options to discuss with your financial profesisonal.

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7 ways to increase Social Security Benefits
Retirement Planning

7 Ways To Boost Social Security Benefits

There is no one size fits all age; your unique circumstances and goals will dictate the appropriate time for you to take Social Security retirement benefits. Some SS strategies may boost your monthly benefit amount, helping you get the most from your SS benefits.

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Investing

Leaving Your Employer? You Have Options For Your 401(k)

When you leave your employer, carefully review the plan document of your 401(k) to determine if rolling it over is right for you. Depending on what’s best for your financial future and retirement planning goals, a rollover may or may not be necessary. Here’s what to consider!

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The Social Security Trust Fund’s Problem
Retirement Planning

The Social Security Trust Fund’s Problem

Initially designed for retired workers and survivors, the program’s funds depletion date is 2035. For Americans that will retire after 2035, the future of receiving their projected full retirement monthly benefit looks bleak. The Social Security Administration estimates the ability to pay 77% of promised benefits at that time. Here is Social Security’s present situation.

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What the SECURE Act 2.0 Means for Retirement Savings
News

What The SECURE Act 2.0 Means For Retirement Savings

Recently, Congress has implemented the SECURE Act 2.0, a momentous reform of the retirement savings plan. This new law represents one of the most comprehensive changes to retirement plans since the advent of automatic enrollment and the addition of Target Date funds back in 2006. With the intention of helping Americans to more adequately prepare for their future financial security, this Act offers considerable changes that should make retirement savings more achievable.

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