Sprik Financial Group

09/21/2023

Over 65% of Americans worry they will run out of money in retirement.* What are your thoughts?

*https://www.nasdaq.com/articles/66-of-americans-are-worried-theyll-run-out-of-money-in-retirement-here-are-7-tips-to-make

09/18/2023

The misconceptions about when to claim Social Security retirement benefits and the claim rules can cause confusion about when to start receiving your benefits. Here’s are the biggest myths experts see and how to choose the best strategy thats right for you.

When to claim Social Security benefits is one of the biggest decisions you will face in retirement. Experts say having the right information is key to success.

09/16/2023

When you’re preparing for retirement, don’t overlook solutions for your future healthcare cost. These tips can help you navigate this complex and expensive aspect of your golden years.

Retirement is a time of relaxation, exploration, and the pursuit of lifelong passions. However, amidst the excitement of this new chapter, it’s crucial not to overlook a critical aspect of retirement planning: healthcare costs. As we age, our healthcare needs tend to increa

09/14/2023

Here are five strategies to help you get more comfortable taking smart financial risks that make sense for you.

Taking on some degree of risk is a healthy part of financial decision-making.

09/14/2023

Do you know that millennials are expected to inherit more than $68 trillion dollars in the coming years? As this article points out, that would make them the wealthiest generation in American history.

The wealth handover will have a significant impact on the economy. Millennials are expected to hold five times as much wealth as they do today by the 2030s.

09/12/2023

The typical Gen X household has only $40,000 in retirement savings, but these tips to assess your retirement preparedness can help you find ways to grow your nest egg.

For Generation X, the demographic age group sandwiched between baby boomers and millennials, retirement is no longer a life event far-flung into the future. Rather, this post-work time is coming fast...

09/09/2023

The cost of nursing homes and adult care grew by 2.4 percent in July. While Medicare may cover some of your expenses, it would be wise to get your long-term care planning on the right track.

The cost of nursing home and adult care grew by the largest amount in July — have you made a plan?

09/07/2023

Are you, or your children, likely to inherit an IRA? If so, you may be surprised to learn that the rules have changed, and your tax bill may be larger than expected. This article gives a good overview of the new regulations—and how to manage them.

Thanks to recent changes in the law on inherited IRAs, your tax bill from any inheritance could be larger than you expect.

09/05/2023

Retirees and pre-retirees are taking on entrepreneurship in retirement to boost their nest egg so they can afford their dream retirement. Learn more in this article.

If you're a retiring but want to earn extra income while keeping your business skills sharp, there's one investment that may be the answer you're looking for.

08/31/2023

If you’re interested in early retirement, you’ll want to take certain steps to make sure you have enough money to last you a lifetime. Here are some strategies you want to consider when planning for early retirement.

Many of us have the fantasy of retiring young, of having the financial freedom to choose when and for whom we work. To make this dream a reality, though, you’ll...

08/29/2023

This article explores why some experts are worried about Social Security and its ability to give the elderly a stable income in retirement, and what implications this has for your retirement savings plan.

A few months ago, you may have heard news about the Social Security Administration’s largest trust fund being depleted by 2033. With the Old-Age and Survivors Insurance (OASI) Trust Fund...

08/26/2023

If you pass away, it doesn’t necessarily mean the end of your Social Security payments. Surviving spouses, children or parents could be eligible for payments based on your earnings. Learn more.

The end of a person's life doesn't necessarily mean the end of their Social Security payments. Depending on factors like income and dependents, Social Security checks will still be issued to someone...