Why Today’s Retirees Might Fear Running Out of Money

Why Today’s Retirees Might Fear Running Out of Money Barnett Financial & Tax

You might have been aiming to save a certain amount for retirement – and maybe you’ve already achieved that goal. But, considering inflation, an unpredictable market, and a lack of guaranteed income once your paycheck stops, you might be reconsidering whether you’ve actually saved enough. There are a few reasons why today’s retirees might fear…

Read More

Is the Open Road in Your Future?

Is the Open Road in Your Future? Barnett Financial & Tax

“Retirement is not the end of the road. It is the beginning of the open highway.” – Unknown Some retirees may have seen their travel plans stalled out in the past couple of years due to COVID and COVID-related restrictions, but many are beginning to feel better about traveling this year and want to get…

Read More

You Can’t Stop Inflation, But You Can Prepare

You Can’t Stop Inflation, But You Can Prepare Barnett Financial & Tax

Did you ever hear your parents or grandparents talk about how much less everything used to cost? They weren’t exaggerating – in 1960, a gallon of conventional whole milk was 31 cents, and today it’s $3.77 on average.[1] A few dollars might not seem like much, but that’s a 1,116% increase. You’ve likely noticed higher…

Read More

Your Business Succession Plan Checklist

Your Business Succession Plan Checklist Barnett Financial & Tax

For many years, you’ve been the captain of your ship. Running your own business hasn’t been easy, and success was never guaranteed. Now that you’re getting closer to retirement, you’ll have to make some big decisions. In order for your business to outlive you, you’ll need to map out a path forward. This means setting…

Read More

Four Common Retirement Mistakes You Could Be Making

Four Common Retirement Mistakes You Could Be Making Barnett Financial & Tax

Practice makes perfect, but unfortunately, retirement isn’t something you can practice. It typically happens one time, and there may not be many opportunities to learn from your mistakes. The best way to avoid making mistakes in the first place is to educate yourself and create a plan. Here are some common retirement mistakes you could…

Read More

Gift Ideas for Graduation Season

Gift Ideas for Graduation Season Barnett Financial & Tax

It’s graduation season, which means you might be attending a few graduation parties soon. Gifts aren’t always expected, but it can be nice to give a graduate something they can use. Gifts don’t always have to be expensive or cost money at all – here are some gift ideas for graduation season. If you were…

Read More

Three Unexpected Taxes in Retirement

Three Unexpected Taxes in Retirement Barnett Financial & Tax

When we think of major retirement expenses, we often consider housing, healthcare, and that trip of a lifetime we’ve been dreaming about for years. But, we often fail to consider what could potentially be our biggest expense – taxes. Many of your sources of income in retirement are taxable, so don’t overlook these three unexpected…

Read More

Will You Go Part-Time Before Fully Retiring?

Will You Go Part-Time Before Fully Retiring? Barnett Financial and Tax

While many look forward to retirement, it can be a difficult transition when it really comes down to it. Some people don’t know what to do with all of their free time and miss the personal connections that work used to provide. Perhaps that’s why more people are opting to go part-time before fully retiring.…

Read More

The Retirement Rules Could Change Soon – Have a Response

The Retirement Rules Could Change Soon – Have a Response Barnett Financial and Tax

  If you have a financial plan in place, you may think you’re set. However, the rules of retirement are always subject to change. We’ve seen new retirement legislation in the last few years and could see more soon. It’s important to understand how you could be affected and think about how you will respond.…

Read More