What’s Happening
At Partners in Financial Planning, we keep you informed on a variety of topics. Check out our Blog posts and team News featured below. If you missed any of our newsletters or monthly investment commentary, be sure to check out our Newsletters & White Papers page for the latest market news and articles to educate and inspire.
Why It’s Important to Designate a Representative for Medicare Supplements and Social Security
It’s incredibly challenging to watch your parents age. But considering that around 53.1 million adults are caregivers in the United States, there’s a good chance you are or will be responsible for helping your aging parents.1 One thing you don’t want slipping through the cracks is Medicare bills. Unpaid premiums have the power to wreak havoc on your parents’ retirement plan. When gone unchecked, they could snowball into debt or…
How The Inflation Reduction Act Affects the Solar Tax Credit
More households across America are focusing on being environmentally conscious by changing their daily lives. In 2020, for example, solar panel use increased 43% from the previous year.1 There’s no better time to implement clean energy sources into your home than right now, especially in light of the recent Inflation Reduction Act. Solar panels provide emissions-free energy and help reduce your carbon footprint. If you’re weighing the costs and considerations…
Is Charleston, South Carolina A “Tax-Friendly” Place to Retire?
When selecting your dream retirement spot, several criteria spring to mind. For example, nice weather, lots of options for entertainment, proximity to family, possible work opportunities, and volunteer spots could be on your wish list. While that’s a great roundup, one benchmark we recommend adding to your list is “tax friendliness.” It’s not nearly as fun to think about as all the sun and fun Charleston offers, but it’s still…
How The Inflation Reduction Act Impacts The Electric Vehicle Tax Credit
Gas prices seem to have a mind of their own this year. While the Charleston, SC and Roanoke, VA areas weren’t hit the hardest, prices still rose to about $4.60 per gallon this summer.1 After months of global economic volatility impacting prices at the pumps, purchasing an electric vehicle (EV) is becoming more appealing. For example, Teslas are sleek, fun cars of the future, and even major car makers like…
Do You Have Enough Life Insurance?
September is National Life Insurance Month! To “celebrate,” we’re helping you determine if you have enough life insurance coverage to protect your family. The financial lives of medical professionals tend to be complex, and many doctors are the primary earners for their families. So, life insurance plays a vital role in protecting your family’s financial well-being in the event of an unexpected loss. Here are the top things you to…
Your Loved One Is Considering Moving Into A Retirement Community In Charleston, SC, Now What?
There may come a time when a parent, in-law, close relative, or other loved one no longer wants to live in their own home. Or, as their health declines, it becomes unsafe for them to continue living independently, making a retirement community an excellent option. Whether for personal reasons, medical concerns, or a combination, it’s essential to plan for what this next step looks like. Charleston is home to several…
3 Core Types of Equity Compensation You May Come Across As A High-Earner
Did someone say equity compensation? Equity compensation is quickly growing as a popular payment method in various industries like tech, medical, pharma, and business. As you grow in your career, you’ll likely see more equity compensation on the table. Providing equity is an excellent way for companies to reward and retain top talent. While “stock options” is often used to describe all types of equity compensation, there are several common…