Foxworthy Wealth Advisors

07/17/2026

If you're self-employed, your retirement planning options may look different than someone working for a large employer.

One option to know about is the solo 401(k). It's designed for business owners with no full-time employees other than a spouse and may allow eligible owners to save more for retirement than some other account types.

For many entrepreneurs, it can be a powerful way to build retirement savings while maintaining flexibility.

Not sure whether a solo 401(k) fits your situation? Let's talk.

07/15/2026

Outliving your savings is a real risk in retirement. This article breaks down the key stats & tips for a secure retirement. 💡📈

A new report lists 41 states where seniors are likely to outlive their retirement savings.

07/13/2026

07/10/2026

If you're collecting Social Security and still working, here's a mid-year reminder: your earnings could affect your benefits.

Before reaching your full retirement age, Social Security may temporarily withhold a portion of your benefits if your earned income exceeds certain limits. Once you reach full retirement age, those earnings limits no longer apply.

The rules can be confusing, especially if you've started a new job, picked up part-time work, or had changes in income this year.

That's why a mid-year check-in can be worthwhile. Reach out if you'd like to review how your earnings could affect your benefits this year.

06/26/2026

Solopreneurs: your retirement plan won't set itself up.

There's no HR enrollments. No employer match waiting to be claimed. Just you, and a decision that's easy to keep pushing to later.

The good news is there are several options designed specifically for self-employed individuals. Each has its own rules, tax implications, and tradeoffs worth understanding before choosing one.

06/24/2026

When one partner earns significantly more than the other, money conversations can get complicated.

It’s not just about the numbers. It’s about communication, expectations, and feeling like you’re on the same team. A few things that can help include aligning on shared goals, being open about finances, and agreeing on how decisions are made, whether that’s jointly or with defined roles.

At the end of the day, a strong financial partnership is less about who earns more. It’s about how you plan together.

06/19/2026

What if you could “test-drive” retirement before it actually begins?

One simple idea: try living on your planned retirement income for a month while you’re still working. It can help you better understand your spending and make adjustments ahead of time.

You might also use vacation time to see what your days actually look like without work, or even spend a few weeks in a place you’re considering for retirement.

A little real-world testing now can go a long way in helping you feel more prepared for what’s ahead.