Alphastar Wealth Emerald Coast Blog
Our expert authors are dedicated to helping readers make informed decisions about their financial future and achieve their retirement goals.
5 Year-End Financial Moves to Strengthen Your Strategy
Discover How to Begin the New Year on Stronger Financial Footing We’re just a few short weeks away from changing the calendar to 2024, and it’s a time when many people take stock of their lives — including their financial health. Money is of particular importance during this season. People are more aware of their spending habits over the holidays as they shop for gifts and personal needs. It’s a good time to make important…
Three Financial Resolutions for Widows in 2024
Positive Steps for Facing New Financial Realities Losing a spouse is a devastating experience. The emotional toll is difficult enough, but many widows also face looming challenges to their finances. According to the most recent data available from Congressional Research Services, 15.5% of widows aged 65 or older live below the poverty line, compared to 5.8% of married women. While there’s a lot that the recently widowed must process, it’s important to take a few…
Retirement Income Streams: Diversification for Financial Stability
The Power of Diversification in Securing Your Retirement Retirement is one of the most significant milestones in life. It represents the culmination of years of hard work and savings, but it also marks the beginning of a new financial chapter. Ensuring a comfortable and stable retirement requires careful planning, and a key component of that planning is creating diversified retirement income streams. Diversification not only mitigates risks but also enhances financial stability during your golden…
Small Business Success: Financial Planning for Entrepreneurs
Increase Your Chances for Success by Gaining a Firm Hold on Your Business’ Finances Small businesses represent a crucial pillar of the U.S. economy, as they employ half of the nation’s private-sector workforce and are credited with roughly 63% of the new jobs that have been created from 1995 to 2021, as per federal statistics. Despite their pivotal role in the economy, small businesses often grapple with challenges on their path to success. To illustrate,…
Navigating Financial Stress During the Holidays
Tips for a Joyful and Budget-Friendly Season The holiday season is often portrayed as a time of joy, togetherness, and celebration. However, for many people, it can also be a source of financial stress and anxiety. The pressure to buy gifts, host gatherings, and partake in festivities can lead to overspending and financial strain. But fear not, there are practical ways to navigate financial stress during the holidays and enjoy the season without breaking the…
Closing Out the Year: Investment Strategies for Q4 Success
Position Yourself for Success as the Year Ends As the final quarter of the year approaches, investors are faced with a unique set of opportunities and challenges. The fourth quarter, often marked by increased market volatility and potential year-end considerations, requires a well-thought-out investment strategy. If you feel as if your portfolio may need some TLC before we go into the fourth quarter, below are some investment strategies for Q4 that can help you set…
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How to Build a Retirement Plan Aligned with Your Life Goals
For many individuals and families approaching retirement, planning is about more than account balances or investment returns. The challenge often lies in aligning financial resources…
Planning for Longevity: Making Your Retirement Savings Last
Planning for Longevity in Retirement: Strategies to Optimize Your Savings As life expectancy increases, many retirees face the challenge of stretching their savings over several…
Strategies for End-of-Year Tax Planning: Moves to Consider Before December
Year-End Tax Planning Strategies to Help Reduce Your Tax Bill As the end of the year approaches, individuals and businesses have an opportunity to review…
What to Know About Social Security Benefits: Key Facts and Tips
What to Know about Social Security Benefits: Income, Disability and Family Support Social Security benefits play an important role in the retirement income of many…
The Importance of Regular Financial Reviews: Staying on Track
Understanding the Importance of Regular Financial Reviews for Achieving Your Goals Financial goals and circumstances rarely stay the same over time. Life events, market conditions,…
How Charitable Giving Can Fit into Your Financial Plan
Incorporating a Charitable Giving Plan into Your Financial Strategy to Support Philanthropic Goals Charitable giving is a meaningful way to support causes while also incorporating…
Preparing for Open Enrollment: Healthcare and Benefits Planning Tips
Healthcare Open Enrollment Tips for Making the Most of Your Benefits Open enrollment is an annual opportunity to review and adjust healthcare and benefits selections…
Creating a Retirement Budget: What You Need to Include
Retirement Budget Guidance for Long-Term Financial Stability Planning for retirement involves careful budgeting to help manage expenses and maintain financial stability. A well-structured retirement budget…