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

08/17/2023

The economy continues to thrive with low unemployment and a slowdown in inflation. However, short-term interest rates continue to rise

If you have any questions about how to develop a solid financial strategy, please reach out to me!

Savers will get the best rates from top-yielding savings and money market deposit accounts at online banks.

07/21/2023

Annuities can provide a reliable income stream in retirement. New York Life research has shown annuities can also help retirees feel happier and more confident in their investments. Read this article to find out how retirees' lives are impacted for the better by owning an annuity.

If you have questions about retirement or reaching your financial goals, please feel free to contact me.

New York Life is an Equal Opportunity Employer M/F/Disability/Veteran/Sexual Orientation/Gender Identity

Being prepared looks different across all phases of life. Understand what people like you typically consider when making their plans.

07/21/2023

This nonprofit is doing some of the best work in our area… and also some of the only work being done for our homeless youth. Please help me bring awareness to their work and give them a like, a follow, a share, a donation, or all of the above! It all makes a difference.

Thank you to Paula at Boxes of Love for the Homeless and the Joshua Project for inviting Stepping Stones to pick up donations of furniture and accessories to help homeless youth get by as they work on their goals, such as kitchen and cooking items, cell phone chargers, mattress pads, sheets, hygiene products, and some new furniture and outdoor rec items for the transitional housing program. https://buff.ly/3RkNHxn

07/07/2023

"Finding a good nursing home for yourself or a loved one may take time and effort, but it is well worth it. This article gives you important facts about nursing homes today and tips on how to search for a high-quality facility.

https://bit.ly/43lkSoV

If you have questions about retirement or reaching your financial goals, please feel free to contact me.

New York Life is an Equal Opportunity Employer M/F/Disability/Veteran/Sexual Orientation/Gender Identity "

Chronically understaffed and expensive, nursing homes have changed over the years, much of it for the worse. But they fill a need for many. How do you find a good one?

07/03/2023

Protecting your partner
Watch this short video to learn how business owners can cope with the unexpected loss of a business partner. http://bit.ly/1GigKFm

06/26/2023

The value of money in everyday life is a lesson that all children should be taught. This article has some great ideas and tips for teaching your kids about money and how inflation has such a big impact.
https://nyl.co/46qef7U
Aside from teaching your kids, if you have questions yourself about finances or investing when inflation is so widespread, please feel free to contact me.