Lakeside Wealth Management Blog
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Check out our blogs to stay up to date on financial news, resources, and tips, as we publish new content weekly. Lakeside Wealth Management professionals create custom financial strategies for individual investors, affluent families, foundations and business owners by focusing on their unique needs and putting their best interests first. We provide customized recommendations and independent,..
Lakeside Wealth Management Blog
1w ago
As a young person, you imagine you have all the time in the world to save for retirement. You live in the present with the future a mere blip out on the horizon. But time has a way of flying by, and you realize that maybe you are not ..read more
Lakeside Wealth Management Blog
3w ago
As an affluent family, planning for your children's education is likely a top priority. You want to ensure that they have access to the best education possible without worrying about the high cost of tuition; this is where 529 plans ..read more
Lakeside Wealth Management Blog
1M ago
If you're nearing retirement age, you know the Social Security process and how much you will likely receive. With that information, you may have also anticipated that your Social Security benefit would not be enough to sustain you in ..read more
Lakeside Wealth Management Blog
1M ago
When it comes to financial accounts like the IRA, details are everything. Look past the surface, examine it closer, and you may be surprised that numerous accounts, including your IRAs, contain hidden gems and little-known facts you ..read more
Lakeside Wealth Management Blog
1M ago
Did you know, according to CNBC, more Americans are expected to turn 65 through 2027 than at any other time in history? This rapid population increase of older adults is often called the “Silver or Gray Tsunami,” though many new ..read more
Lakeside Wealth Management Blog
2M ago
Most American workers who earn wage income and pay Social Security taxes via withholding receive Social Security benefits at some point in retirement. While the Social Security Administration has tried to make the process easier to ..read more
Lakeside Wealth Management Blog
2M ago
Financial literacy is crucial to a solid financial future and an enjoyable retirement. No matter your age, when you understand how to manage your money and finances, you can make sound financial decisions and take the needed steps ..read more
Lakeside Wealth Management Blog
2M ago
Approximately 60 million workers contribute to a 401(k)-retirement plan. A 401(k) is a tax-advantaged retirement savings plan companies offer employees and is funded through elective salary deferrals. There are several benefits to ..read more
Lakeside Wealth Management Blog
2M ago
If you have a 529 education savings plan, it can now be converted to a Roth IRA. Both plans are funded by after-tax money. Initially, the money put into a 529 plan had to be used toward education expenses. If, for whatever reason, the ..read more
Lakeside Wealth Management Blog
3M ago
On December 29th, 2022, the Omnibus Appropriations package was signed into law, introducing over 90 new provisions to enable employees and employers alike to establish or update their retirement plans and strategies. Through these new ..read more