Hyperion Financial

11/12/2024

If you're planning to utilize a Roth IRA in retirement, it's probably a smart strategy. But in order to make it worth your while, you'll want to know how the rules work.

Be sure to check out the 2 5 Year Roth Rules apply to you and your retirement plan.

We'll also cover:
-How Roth IRAs are funded.
-How Roth IRAs are distributed.
-The 5 Year Conversion Rule
-The 5 Year Earnings Rule
-3 Case Studies to Bring these Concepts to Life.

To watch the video, click here: https://youtu.be/lFUmGhgSxVQ

To read the blog post, click here: https://hyperionfp.com/5-year-roth-ira-rules-for-retirees/

11/05/2024

You may be asking yourself - should I delay Social Security and increase my benefit or collect it now and enjoy what I've earned?

You're asking the right question, and a very important one. To make sure you are maximizing your benefit while also considering all factors, be sure to check out the video and learn:

00:00-01:46: Introduction
01:46-02:40: What Are The Ages You Can Collect?
02:40-04:40: Implications of Collecting Early
04:40-05:11: Collecting at Full Retirement Age
05:11-05:53: Delaying Past Full Retirement Age
05:53-15:21: Your Decision Tree
15:21-16:14: Taking Action

Check it out using this YouTube link: https://youtu.be/T6XVp_5ME4M

You can also read it in blog form too:
https://hyperionfp.com/when-to-collect-social-security-4-factors-to-consider/

10/25/2024

One of the least favorite parts of our job involves the planning around a deceased (or soon to be deceased) spouse. Often times, we find one spouse takes the lead on the finances, and the other spouse is left with much more than just grief.

Providing your spouse with everything necessary to help with the finances is one of the best gifts you can give.

In this blog/video, we discuss:

How to get organized
The Documents you'll need to gather
The financial information you'll need to have
The Professionals who can help you through this time and transition

WATCH the video to learn what steps to take to make sure your spouse's plan can go on: https://youtu.be/JcgmEJRJRZ8

OR if you'd rather read about this in our blog: https://hyperionfp.com/financial-planning-for-a-surviving-spouse/

10/21/2024

If you've ever wondered if you owe tax on your Social Security Benefits, you're not alone. Unfortunately, the answer isn't always a simple yes or no.

The video and blog post will help explain how exactly Social Security benefits are taxed.

https://youtu.be/NvWg7mkvq6M

https://hyperionfp.com/is-my-social-security-benefit-taxable/

10/15/2024

If you're at or near retirement, you are likely to see shifts from earned income at work to new sources of income, such as a pension, Social Security, and your retirement savings.

Make sure you have an income and tax plan in place. One strategy that may be of consideration is a Roth Conversion Strategy. For more information, check out the video below:

https://youtu.be/-LwZt-o7byo

05/22/2023

Congratulations to Mike for recently being named a "Young Advisor to Watch in 2023" by Financial Advisor Magazine!

Younger advisors have had to imagine a new world for themselves (and then inhabit it).

05/11/2023

⚠️Attention FirstEnergy Employees:
Learn the important considerations and strategies you need to properly evaluate the Program for Enhanced Employee Retirement (PEER) voluntary package offered by FirstEnergy prior to the May 22nd election deadline.

Join Mike for an educational session in which we plan to discuss:
✅Tips to ensure a successful retirement transition.
✅What to do with your lump-sum severance payment.
✅How to reduce your tax bill in 2023 (and beyond).
✅ Strategies to manage investment risk inside your 401(k) in volatile markets.
✅Determining how to select the 'best' pension option.
✅Health insurance alternatives after your company coverage ends.

👇Registration link below:

Register for this Upcoming Session on May 17th, 2023 at 6:00PM EDT