Libby Masek, MBA: Licensed Agent with New York Life

10/30/2023

Only 57% of people in their midlife years believe they'll be able to retire. If you’re one of those people, here’s some good news. There are several ways to catch up on your retirement savings. Read this informative article to find out more.

https://bit.ly/3tVfDR1

If you have any questions about making plans for your retirement, please feel free to reach out.

10/16/2023

Household debt, primarily driven by credit card debt, is on the rise in the U.S. Managing this debt may seem tough, but it's achievable. Check out these 7 tips to help you pay off debt and save at the same time.

If you need help with debt control or developing a strategy for a more secure financial future, reach out to me. I’m here to help.

It can be challenging to pay off debt and save at the same time, but it is possible using these tips.

09/26/2023

In July, nursing home and adult care costs surged by 2.4%, the highest monthly increase since 19971, driven by inflation. Planning for long-term care is crucial because 70% of adults who reach 65 need long-term support before passing away2. To learn more about the costs and the future of nursing home care, check out this article.

https://bit.ly/3RAm8Td

If you have any questions about making plans for long-term care or retirement, please feel free to reach out.

1 Bureau of Labor Statistics
2 Study by The Urban Institute.

09/18/2023

Think life insurance is too expensive? You may be surprised to hear that that you can get a $1 million term policy for less than the monthly cost of your cell phone. Want to know more? Just give me a call.

Looking for protection, but not something permanent? Explore term life insurance from New York Life and protect your family for a set period of time, today!

09/15/2023

At New York life, we realize that knowledge is the key to effective retirement planning. That’s why we thought Life Insurance Awareness Month would be a good time to remind you how versatile life insurance can be. In addition to protecting your family’s lifestyle and future, some policies can even give you a tax-advantaged way to prepare for retirement. Contact us today and find out what 178 years of experience can do for you.

With whole life insurance from New York Life, you're guaranteed lifetime protection with savings. Discover how much it has to offer you and your family today!

09/13/2023

Are there potentially unclaimed retirement funds waiting for you? Around 25% of 401(k) plans are abandoned or forgotten, per recent estimates1. Curious about unclaimed benefits for you? Read this guide to know for sure:

https://bit.ly/3EAt1fg

If you have any questions about your financial goals for retirement, please don't hesitate to get in touch.

1. Capitalize. The True Cost of Forgotten 401(k) Accounts (2023). Accessed Jul 31, 2023.

08/30/2023

After age 72, you're required to start withdrawing from your retirement savings. While many retirees use their required minimum distributions to cover expenses, here are some other ways you can use RMDs to make your retirement A-OK.

Required minimum distributions are often overlooked by retirement plan owners. Learn from New York Life about RMD tables, rules and how RMDs can be used.

08/29/2023

Are you, or your children, likely to inherit an IRA? If so, you may be surprised to learn that the rules have changed, and your tax bill may be larger than expected. This article gives a good overview of the new regulations—and how to manage them.

Thanks to recent changes in the law on inherited IRAs, your tax bill from any inheritance could be larger than you expect.

08/28/2023

According to a recent New York Life survey*, 15% of adults anticipate receiving an inheritance within the next 10 years. While this may seem promising, it's essential to recognize that this legacy money may not go as far as you think. There are economic realities that may get in the way.

If you have questions about creating a financial strategy, please feel free to contact me.

*https://nyl.co/44tRUDS

08/22/2023

Join us for NYL’s Power of Knowing webinar on Sep. 18th at 2 PM EST with Dr. Michael Finke, sharing his simple and effective framework for a goals-based retirement income plan.
Register now at:
• The lifestyle implications of financial risk
• Creating a strategy for funding flexible and inflexible expenses
• The impact of taxes
• Addressing lifestyle and legacy risk concerns
Space is limited, so please register today by clicking on the link below:
https://bit.ly/3snOyoZ