Medicare, explained
What is Medicare? Medicare is federally funded health insurance for people older than 65, though younger people may qualify if they have a disability or certain specific diagnoses. To qualify, you must be a U.S. citizen or a legal resident who’s lived in the country for the five years prior to your application. There are […]
Annual financial checklist
At Quorum Private Wealth, we want to ensure your financial plan evolves with you. Use this checklist once a year to help evaluate how your life, priorities, and finances may have shifted. We can use your answers as a jumping off point in our next meeting. BIG PICTURE QUESTIONS *The age at which you hit […]
What you can do with your bonus
Getting a bonus tends to be a great feeling—you worked hard for it, after all. Getting strategic about how you spend your bonus can help it work hard for you. Here are six ways to put your bonus—or any sudden influx of cash—to work. #1: Pay down high-interest debt If you have high-interest debt, consider […]
How to evaluate a pay and benefit package
When you evaluate the pay and benefits package in a job offer, it can be tempting to focus on the headline salary number. However, the details of the benefits plan could help you create significant wealth in the long run. Here are a few things to look for when reviewing a benefits package. Retirement plans […]
Build the best paycheck for retirement
Regardless of how successful you are, the transition from a steady paycheck to relying on your retirement savings can be challenging. The way you generate income in retirement—how you prioritize different sources of income and time your withdrawals—can have a big impact on your portfolio, your lifestyle, and even your legacy. Working with a financial […]
What is SECURE 2.0?
Note: This article was published January 25, 2023 and has not been updated. Some of the updates made via SECURE 2.0 may have evolved or been modified since then. The word of the year for 2023, so far anyway, is SECURE. If you feel like you’re having déjà vu, there’s a reason for it. Let’s […]
Planning for RMDs
At Quorum, we want our clients to understand all of the potential sources of income they’ll have available in retirement. This often opens discussions about required minimum distributions (RMDs) and the role they play in a retiree’s income strategy. It’s a particularly relevant conversation for 2023, as Congress recently updated the rule around when retirees […]
