Posts by Mark Henry

Tax Reform Highlights

Here are some brief updates about the tax bill that was recently passed. Keep in mind that the industry is still working through the ramifications of the legislation; there will be much more in-depth information coming throughout the year.   New Income Tax Rates The tax brackets for individuals have been lowered for everyone except the lowest bracket, until 2026, when they revert back to 2017 rates. (Employees will see the lowered withholding on their February 2018 paychecks.) The bracket income levels will rise each year with inflation, because they are now tied to the chained consumer price index. Over
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Categories: Tax Planning.

Living Large Radio with Mark Henry Is Now On ESPN!

Now you have three chances every weekend to catch Living Large Radio, hosted by Mark Henry, founder and president of Alloy Wealth Management in Charlotte, North Carolina. Focusing on Finance, Family, Friendship, Fitness and Faith, Mark’s Living Large Radio show shares the secrets of how to live an abundant lifestyle in retirement. Tune in! Saturdays, 7:00am – 8:00am to 610 AM, The Fan Saturdays, 11:00am – 12:00pm to 730 AM, The Game, ESPN Charlotte Sundays, 1:00pm – 2:00pm to 1110 AM, WBT, Charlotte’s News Talk
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Categories: News.

Financial Resolution for 2018: Buy More Time!

When the New Year rolls around, many of us focus on making financial resolutions. These goals often include things like getting out of debt, saving more or negotiating a higher salary. These are all worthy endeavors and they all have something in common: The result of achieving any of these goals is reduced stress and happiness. But the fact is, limiting stress in your life can actually mean spending a little more money, too. The results of a study published earlier this year in the Proceedings of the National Academy of Sciences of the United States of America, suggests that
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Categories: Financial Ideas.

5 Things You Should Know About Long-Term Care

Do You Have a Long-Term Care Plan in Place? Long-term care (LTC) isn’t something anyone likes to think or talk about. After all, no one wants to be a burden to their family, or be forced to move into a nursing facility because of incapacitation. But at Alloy Wealth, we believe having a long-term care plan in place is crucial—even if you never need it. Here are 5 things you should know: 70% of people turning 65 will need some type of long-term care in their lifetime.1 Even though 70% of retirees will need some sort of long-term care, not
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Categories: Long term care.

Healthcare Costs for Retirees Are Growing

One of the biggest expenses for retirees is healthcare–and it’s getting more expensive. A recent analysis from Fidelity Investments shows that a healthy, 65-year-old couple retiring this year will need $275,000 to cover their healthcare costs during retirement. That’s up six percent from 2016. 1 Fidelity’s calculations include premiums and out-of-pocket costs associated with Medicare parts A, B and D. The numbers don’t, however, include over-the-counter medications, dental services or long-term care. HSA Even faced with these staggering amounts, pre-retirees do have choices to help reduce healthcare costs in retirement. One option, a health savings account (HSA), offers some attractive
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Categories: Healthcare Costs, Retirement, and Uncategorized.

Who do you love? leaving a legacy.

When you see technicolor Peeps lining the grocery store shelves, you know that Spring is near and families will soon be gathering to celebrate the season. Whether you are gathered around an Easter feast or beaming with pride at a grandchild’s graduation, you may start thinking about the long-term legacy you are leaving for your loved ones. Legacy gifts can take many forms. Mementos, albums and scrapbooks, for instance. Or researching and sharing your genealogy. Or a custom cookbook that includes all the favorite family recipes. Just as important are considering the financial realities your loved ones will face without
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Categories: Estate Planning and Uncategorized.

4 Tips to Get Your Finances In Order

4 Tips to Get Your Financial House in Order In addition to that rewarding tradition of spring cleaning to get your house in order, this is a great time to get your finances in shipshape condition. We offer these tips to help you. 1. TAKE A HARD LOOK AT YOUR CREDIT CARDS Even though new credit cards are equipped with computer chips that make it harder for hackers to hijack your data, it’s a good idea to check your statements to make sure there are no mistaken or duplicate charges. 2. CHECK YOUR CREDIT REPORTS ANNUALLY It’s free to check
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Categories: Financial Literacy and Uncategorized.