Financial Blog
Find helpful resources on everything from relocating and learning a new tax code to how to plan for your retirement at Horizons Wealth Management. Check out our latest blog post for helpful tips and considerations no matter where you are on your financial journey.
Is Social Security Running Out?
Social Security represents an important source of income for millions of Americans who paid into the system during their working years. Despite contributing thousands of dollars to the program on average, many people have concerns about the future of the Social Security Administration. Estimates from the SSA itself suggest the trust funds used for benefits […]
What is an Investment Manager?
Navigating the ever-changing financial landscape can be complicated and confusing. Most people want to invest and plan for their future, but they don’t know how. From understanding stocks and bonds to retirement accounts, it can quickly become overwhelming for the average person. According to the Investment Advisor Association’s 2024 report, demand for investment management services […]
How to Build Wealth in Your 50’s
Key Takeaways Focus on eliminating high-interest debt to free up resources for savings and investments, setting a solid foundation for retirement. Trim excess expenses to increase funds available for investing in your retirement fund, laying the groundwork for financial security. Maximize “catch-up” contributions to tax-advantaged accounts, enhancing your nest egg with the help of professional […]
What are RMD (Required Minimum Distributions) and What You Need to Know
After a certain age, individuals with retirement accounts must withdraw a certain amount from these accounts each year as a minimum. This withdrawal is known as a required minimum distribution, or RMD, and it typically becomes mandatory at age 73. Key Takeaways Required minimum distributions are the minimum amount you must withdraw from your tax-deductible […]
Greenville Golf Courses – 2025 Guide
Key Takeaways Golfers seeking a luxury experience will enjoy the courses at Cherokee Valley Club and the Preserve at Verdae 3’s Greenville hosts a short, 12-hole layout designed to suit a relaxed, casual playstyle for beginners and experienced golfers seeking a different type of round Quiet, affordable courses can be found in many of the […]
Moving to Greenville, SC
Moving to Greenville, SC (2025 Guide) Word has certainly gotten out about Greenville—one of the fastest growing cities in South Carolina, this town tucked into South Carolina’s upstate boasts amenities rivaling a city many times its size. With housing prices that haven’t exploded in the same way as so many other cities in the Southeast, […]
How to Avoid IRMAA Medical Premium Surcharges
If you are approaching Medicare eligibility or are already enrolled, you may have heard the term IRMAA (Income-Related Monthly Adjustment Amount). For many, IRMAA can significantly increase their Medicare premiums, which can be frustrating for those trying to manage healthcare costs in retirement. In this guide, we’ll break down what IRMAA is, how it is […]
Health Insurance Options For Early Retirement
Early Retirement Health Insurance Options Before Medicare Kicks In One of the most critical considerations for those planning an early retirement is securing health insurance until they become eligible for Medicare at age 65. Navigating this transition can be complex, as the need for continued coverage before Medicare kicks in requires understanding various options, from […]
Reducing Taxable Income: Strategies to Minimize Your Tax Liability
Key Takeaways Maximize deductions and credits to reduce taxable income and lower your tax bill. Optimize your income by leveraging tax-advantaged accounts and income-shifting strategies to minimize taxes. Invest in tax-efficient investments and harvest losses to minimize taxable income and reduce your tax liability. As the adage goes, “nothing is certain except death and taxes.” […]
How to Retire Early
Retiring early is a dream shared by many but achieved by few. It’s not just about breaking free from the 9-to-5 grind but also about having the freedom to pursue your passions, travel, spend time with loved ones, or simply relax on a beach. Imagine doing all this while you’re still young and vibrant, without […]