Katana's Corner
Monthly Reflections from Katana Abbott
IT'S THAT TIME OF
THE YEAR AGAIN!
“Most people don’t plan to fail, they fail to plan."
– John L. Beckley
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It's that time of year when we are gearing up for the holidays, shopping, and finishing up loose ends.
It's also the time when we need to review all our financial stuff whether we are still working or retired. This includes things like our year-end tax planning, reviewing and making changes to our employee benefit statements, 401(k), health insurance, HSAs, FSAs, and HRAs. This is also when you can join, switch or drop your Medicare plans. For those looking to retire in 2023, it's the perfect time to begin exploring your options with Social Security. And it's the time to be jolly!
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MAKING SENSE
OF THE OPEN ENROLLMENT ALPHABET
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By Wayne Titus, CPA/PFS, AIFA®, SWT Guest
It’s open-enrollment season again, and at some companies, employees will need to choose whether they would like to sign up for a Health Savings Account (HSA), a Flexible Spending Account (FSA), or a Health Reimbursement Account (HRA). While it sounds like alphabet soup, it’s important to understand the differences. If you don’t, you could be leaving money on the table next year.
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WHY RETIREMENT INCOME PLANNING IS DIFFERENT THAN FINANCIAL PLANNING |
By Katana Abbott, CFP®, CSA, CSSCS, SWE Founder
I just celebrated my 64th birthday last month, and it's hitting me like a ton of bricks that I'll be enrolling in Medicare next year!
The enrollment period lasts 7 months, starting 3 months before you turn 65, so that means next July I'll be exploring my plan.
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Smart Women Talk is available on your favorite podcast platform and on Smart Women TV.
Be sure to LISTEN, LIKE, & SUBSCRIBE!
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FINANCIAL STEPS TO TAKE BEFORE THE END OF 2022
WITH
WAYNE TITUS,
CPA/PFS, AIFA®
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Join Wayne and Katana as they discuss:
- Income planning to take advantage of the Tax Cuts and Jobs Act's reduced tax rates .
- How to make sure you have withheld enough taxes this year.
- Deduction planning to help you avoid a higher tax bracket.
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PROTECT YOURSELF & YOUR LOVED ONES WITH PROPER ESTATE PLANNING
WITH
DANIELLE MAYORAS, JD
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Join Danielle and Katana as they discuss:
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The type of estate planning you need to have in place.
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What you need to know for the holidays and your end-of-the year legal planning.
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How to have the estate planning conversation and motivate your loved ones to create a proper estate plan.
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CHECK OUT LAST MONTH'S SMART WOMEN TALK GUESTS:
Inspirational speaker, author and coach, Mike Jaffee, offered 5 principles for waking up and living powerfully ... starting TODAY!
Author, speaker, and coach, Kathy Caprino shared how to be your most powerful YOU!
Check these and other Smart Women Talk episodes on Smart Women TV! And don't forget to WATCH, LIKE & SUBSCRIBE!
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ABOUT KATANA AND
Over ten years ago, Katana Abbott started Smart Women's Empowerment, a nonprofit online resource center where she hosts Smart Women Talk with over a million subscribers and leads free online courses at our Smart Women's Academy.
As a CERTIFIED FINANCIAL PLANNER™ professional and Midlife Millionaire ® Coach, her mission for the last 30 years has been to inspire women to take charge of their lives and finances. She believes it's never too early to plan for expected and unexpected events like retirement, encore careers, moving abroad, or preparing for long-term care. To learn more and to connect with Katana, visit www.katanaabbott.com.
The Smart Women's Empowerment is a project of United Charitable, a registered 501(c)3 public charity EIN 20-4286082. Donations are tax-deductible as allowed by law.
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