Sylvan Financial Advisors

06/05/2023

It is our experience that business owners who have been successful in making the transition out of their business started at least three to seven years in advance of that actual deadline.

Establishing a plan to exit your business can be tricky. Here’s how a business owner can exit and still maintain their goals.

05/29/2023

Remembering all those who made the ultimate sacrifice.

05/27/2023

The 101 of F1 just for fun. 🏁

The popularity of F1 is booming with consistent growth in viewership and revenue. Here is what you need to know about this sport.

05/26/2023

Reminder: We will be closed on Monday for Memorial Day.

We hope you enjoy the long weekend! 🔆🐕‍🦺🌞

05/24/2023

We're in peak wedding season, and many families have loved ones who are planning to get married. This begs the question, are weddings worth the money?

As the price of weddings continues to soar, families are left wondering if it’s worth it to have a grand showcase for holy matrimony.

05/23/2023

When it comes to retirement, studies show that men and women see things differently.

It’s important that couples plan for retirement together. We can help. Just give us a call!

Men and women may see life after career differently and have conflicting retirement goals requiring candid conversations and informed advice.

05/20/2023

Thank you for your service!

05/18/2023

For the most part, there’s really no one to help people understand complex products like mortgages. Mortgage brokers, loan officers and real estate agents are salespeople. The problem is, educating consumers about mortgages isn't anyone's job.

Mortgage brokers, loan officers and real estate agents are sales people, so you'll need to do some research and vet the information you rely on.

05/16/2023

If you have good medical benefits, are not strapped for cash and have a job that isn’t too physically taxing, working longer can be good for your health.

Are workers putting their mental and physical health at risk by working for another couple of years? Or does staying engaged with your profession actually improve overall health?

05/14/2023

Happy Mother’s Day to all the mothers out there! 🌼💐🌺

05/11/2023

Too many people still don’t understand that they will owe income taxes on their accounts like traditional 401(k)s.

You must begin withdrawing 401(k) and IRA money and paying ordinary income taxes on withdrawals every year beginning at age 73 (age 75 if you were born in 1960 or later.)

And if those withdrawals are high because you have a lot of taxable money saved, you might even owe income taxes on your Social Security benefit. In fact, up to 85% of your Social Security benefit can be taxed based on your “combined income” calculation.

Let’s talk!

If you're not strategic about how you save, you could end up with unnecessarily high tax bills in retirement.

05/09/2023

Income planning is critical to retirement success. The average Social Security benefit is around $1,827, which is below the monthly income that most people need in retirement.

To discuss your retirement income plan, please give us a call.

Wondering how your retirement savings stack up to other Americans' nest eggs? Or whether your income in your post-work years will be enough to keep you afloat? It's normal to be curious about the average retirement income in the U.S. … Continue reading → The post What Is the Average Retirement I...