Bison Wealth Detroit

04/06/2026

After years of saving and preparing, some retirees hesitate to spend.

That's understandable.

But retirement isn't only about preserving what you've built. It's about using it to support the life you want to live.

The first year isn't a test.

It's a transition.

And it's okay to take it one step at a time.

If you'd like to talk through what this season looks like for you, we're here.

04/04/2026

It’s 10 days until Tax Day. A busy person like you might find themselves filing your taxes in the final stretch for many reasons. Don’t sweat it! Get your paperwork together, talk to your trusted tax professionals, and remember that filing for an extension is possible before April 15th!

04/03/2026

Retirement gives you time.

A lot of it.

And while that sounds freeing, it can also feel overwhelming at first.

When you're working, much of your day is structured. In retirement, you decide what today looks like.

Some people find it helps to create a little rhythm:
▪️A weekly volunteer day
▪️Lunch with friends
▪️A standing class
▪️Mornings reserved for exercise or hobbies

Not to recreate work — just to have something to look forward to.

Freedom often feels better with a little shape.

03/31/2026

One adjustment many retirees don't expect?

Spending can feel emotionally different.

For decades, income came in the form of a paycheck, and saving was the goal. In retirement, you're drawing from what you built.

Even if the numbers work, the shift can take time.

Separating essential expenses from flexible choices often helps. Once core needs are covered, the rest becomes intentional — not stressful.

Confidence tends to grow as you settle into your new routine.

03/28/2026

Some retirees describe the first few months as a honeymoon phase.

Travel. Projects. Rest. Catching up on everything that was postponed.

And then something shifts.

After the glow wears off, deeper questions start to surface:
▪️How do I want to spend my time?
▪️What feels meaningful now?

That transition is normal.

Retirement creates space. The first year is about deciding what deserves it.

03/27/2026

Financial scams may be far more widespread than many people realize.

A recent analysis estimates that Americans lose at least $119 billion annually to scams, a figure significantly higher than official reports suggest. Researchers say the gap exists because many victims never report the crime.

Data from the FBI shows $16.6 billion in reported scam losses in 2024, but studies suggest that only a small portion of cases are actually reported.

Investment-related schemes appear to be the most costly category. These often involve long-running online relationships or messages that eventually encourage victims to send money to fraudulent opportunities.

As technology evolves, scams are becoming increasingly sophisticated, making awareness and caution even more important when responding to unexpected messages, financial offers, or requests for personal information.


Source:

The estimate builds on numbers from the FBI, which are widely believed to capture only a small fraction of the money lost to scams.

03/25/2026

A newly introduced tax deduction aimed at older Americans could reduce taxable income for millions of households.

Under the proposal, individuals age 65 and older could claim an additional $6,000 deduction on their federal taxes. Lawmakers say the measure is designed to provide relief for retirees facing rising living costs.

If enacted, the deduction could apply to both single filers and married couples who meet income requirements. Supporters argue that the change may help offset later-in-life expenses for housing, healthcare, and everyday costs.

Because the proposal is still moving through the legislative process, details, which include eligibility thresholds and how the deduction would be phased in, could still change.

Tax rules can be complex, so it may be helpful to review any updates with a qualified tax professional. I’m always happy to connect if that would be helpful.


Source:

A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the AARP says.

03/25/2026

There's a moment early in retirement that catches many people off guard.

You wake up… and there's nowhere you need to be.

At first, that quiet feels wonderful. After years of deadlines and responsibility, it's a relief.

And then the question comes:

Now what?

If that feels familiar, you're not alone. Retirement isn't just a schedule change. For many people, it's an identity shift.

The first year isn't about having everything figured out. It's about finding your rhythm.

03/23/2026

Did you know that Fed Chair Nominee Kevin Warsh was a member of the Federal Reserve Board of Governors from 2006 to 2011—a period marked by the Global Financial Crisis? His Senate confirmation process will start soon, so it’s time to start to recognize the name!

03/19/2026

03/11/2026

Mellody Hobson grew up in financial instability — electricity cut off, evictions, and a mother who couldn't secure bank loans due to racial barriers.

Today, she serves as Co-CEO and President of Ariel Investments, one of the largest minority-run investment firms in the country, and a nationally recognized voice on financial literacy.

As the first in her family to graduate from college, Hobson has spent her career breaking down barriers and teaching others how to build wealth. Her message? Be brave, take risks, and never let your starting point define your finish line.
Your story doesn't have to look like anyone else's. If you're ready to take that next step, I'm here to support you.



Sources:
Horatio Alger Association, 2017
Ariel Investments, 2025

03/10/2026

Just over 50 percent of homeowners still have mortgages with rates under 4 percent. But that number has been trending lower, especially in the past year. Are you thinking about making a change?