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Monday - February 6, 2023
 

Great News: It’s Possible to Successfully Downsize Your Life And Benefit Financially, While Simultaneously Launching a Great, New Lifestyle

January 17th, 2023

By Anne L. Holmes, NABBW’s Boomer in Chief Periodically, as we Boomers age through the various stages of our lives, there come times when we face a major crossroad and we have to make huge, life-altering decisions. These days, instead of those decisions being related to school, work, marriage or the birth of our children or grandchildren, many of our crossroads  experiences begin with the letter “D.” As in “Disease,” “Divorce,” “Death” — and that other one, much less less serious, but still daunting — “Downsizing.” Today,... Read More

Pam Sams to Cover Medicare Questions in NABBW’S Upcoming November Financial Podcast: We’re Sure You’ll Want to Be There

November 16th, 2022

By Pamela J. Sams. BFA, MBA, CRPC, Trusted Advisor to Professional Women and NABBW’s Retirement Planning Associate. We’re sorry, but due to circumstances beyond our control, we are having to postpone this podcast until next week. Most likely Tuesday November 22, at the same time and location listed below. If you have immediate questions you’d wanted to ask Pam Sams, here is a link to some alternate 2022 Medicare podcasts we’re aware of. (Just click on the hyperlink.)     It’s November and we’re “smack-dab in the middle” of our Annual Medicare... Read More

Join Us for NABBW’s November 2021 Financial Podcast Featuring Pamela J. Sams, CRPC: Year-End Financial Checklist: Thursday November 18th

November 14th, 2021

I am happy to announce our November 2021 NABBW Financial Podcast featuring Pamela J. Sams, CRPC, MBA, BFA and Trusted Advisor to Professional Women, which takes place this coming Thursday, and YOU are invited.   November’s topic: Year-End Financial Checklist   You will access the presentation  via a Zoom meeting. Nov 18, 2021 07:00 PM Central Time (US and Canada)   You will need to register in advance for this one-hour meeting:  https://us02web.zoom.us/meeting/register/tZArdu2pqjovHtZBOf0NhnVv2RTGKwda99l9   After registering, you will receive a confirmation email... Read More

Tips for Adopting a Renter Lifestyle after Having Been a Homeowner

September 20th, 2021

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Post Covid, People Are Quitting Their Jobs, & New Positions Are Going Begging. Thinking of Joining the Great Work Exodus? Can You Afford It? Call in to Our June Financial Podcast, Featuring Pam Sams, to Find Out

June 17th, 2021

Written for the NABBW by Anne L.  Holmes As I write this, in late June of 2021, the Federal Reserve has just announced that it will keep its benchmark interest rate near zero despite signs the post-COVID economic recovery is well underway. But they have warned that rates won’t stay near rock-bottom forever. Meanwhile, we’ve all noted higher consumer prices on everything from meat and groceries and gasoline to homes – and even raw products like lumber. And our low unemployment levels ought to pave the way for improvement in last year’s near zero interest rates. Furthermore,... Read More

How and When to Sign Up for Medicare: Breaking down the enrollment periods and eligibility

November 3rd, 2020

Provided to the NABBW by Pamela J. Sams, CRPC, BFA, MBA and NABBW’s Retirement Planning Associate Medicare enrollment is automatic for some. For those receiving Social Security benefits, the coverage starts on the first day of the month you turn 65.1 If you are not receiving Social Security benefits at 65, you may be delaying until you reach full retirement age, or until you reach 70. If you’re coming up on 65 and not receiving Social Security benefits, SSDI, or benefits from the Railroad Retirement Board, you can still apply for Medicare coverage. You can visit your local SSA office or... Read More

Have You Budgeted for Retirement? Here’s Why You Need to Create a Strategy for Success.

October 15th, 2020

Provided to the NABBW by Pamela J. Sams, CRPC, BFA, MBA, NABBW’s Retirement Planning Associate Run the numbers. There is a rule of thumb for retirees suggesting that retirement income has a target of 70-80% of the household’s end salary, though this can certainly vary. So, years before leaving work, sit down (perhaps with the financial professional you know and trust) and take a look at your household’s monthly expenses.1 The closer your household gets to retirement, the more exact you will want to be about your income needs. You first want to look for changing expenses: housing costs... Read More

August 31st, The 2020 RMD Income Tax Relief Deadline Is Almost Here: Important Facts You Must Be Aware Of

August 21st, 2020

Provided by Pamela J. Sams, CRPC©, BFA™ and NABBW’s Retirement Planning Associate Are you one of the many retirement account holders who took a mandatory distribution this year? If so, you may be able to manage the taxes associated with Required Minimum Distributions (RMDs) from traditional IRAs and 401(k)s. There are some essential details to keep in mind, however. Here’s what you need to know. Don’t forget the withholding Thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, those who hold certain retirement accounts can bypass the required minimum distributions... Read More

Pam Sams On “What’s the Deal with Social Security for Women?”

July 30th, 2020

Provided by Pamela J. Sams, CRPC®️ BFA™️ MBA – NABBW’s Retirement Planning Associate In my position as principal of Jackson Sams Wealth Strategies, in Herndon, Virginia, I often find myself counseling my clients on Social Security. I often find myself explaining that when Social Security was enacted in 1935, it was conceived as an entitlement program. Since, at that time, people didn’t live much past age 65, the amount of time you would actually be expected to  receive a check from the Social Security Administration (SSA) was very short.   Even when our parents retired, living... Read More

How Women Can Prepare For Retirement: A practical financial checklist for the future.

April 24th, 2020

Provided by Pamela J. Sams, CRPC®️ BFA™️ – NABBW’s Retirement Readiness Associate When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. Today, the Social Security Administration (SSA) estimates that the average 65-year-old woman will live to age 86½. Given these projections, it appears that a retirement of 20 years or longer might be in your future.1,2 Are you prepared for a 20-year retirement? How about a 30-year or even 40-year retirement? Don’t laugh; it could happen. The SSA projects that about 33%... Read More