Blog

With a commitment to delivering relevant and timely content, Breakaway Wealth Partners ensures that their clients have access to the latest industry updates and knowledgeable advice, fostering financial literacy and ultimately helping clients with their financial goals. Whether it's exploring investment strategies, navigating tax complexities, or staying informed about the latest market trends, the blog content gives clients the tools and insights necessary to make well-informed financial decisions. 

Wednesday, May 22, 2024

When you think of your financial wellness, you are likely not considering how it may affect your social life or vice versa. While many factors may influence your financial situation, social influence is the component that is given the...

Wednesday, May 15, 2024

April is Stress Awareness Month, and there's no better time to reflect on and address the stressors that may impact our lives. Financial stress is an interesting challenge for high-net-worth individuals and families since most...

Wednesday, May 8, 2024

It’s time for us (you) to rethink the retirement age and make adjustments As the wealthiest society in human history, it is reasonable to expect that we should prioritize the well-being of our citizens, particularly as they age. Yet,...

Wednesday, May 1, 2024

Life insurance has its benefits, and choosing a manageable life insurance policy is a critical step in your retirement planning. It can help your family cover end-of-life expenses, funeral and burial costs, and pay for estate taxes. It...

Thursday, April 25, 2024

Financial stress can have a direct negative impact on a person's health and happiness. Unfortunately, this may lead to a downward spiral. The more stress you're feeling, the larger your financial hurdles may seem, and the more you...

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Wednesday, April 17, 2024

So You Think You Might Need A Financial Professional? National Financial Advisor Day is a celebration on April 18 of each year. This date is a time to explore the world of financial professionals and understand how they may help you...

Thursday, April 11, 2024

How Social Security Fits into a Well-Rounded Retirement Plan  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...

Thursday, March 28, 2024

Health insurance plays a pivotal role in safeguarding our well-being and providing financial support in times of need. However, these plans can differ significantly in terms of what their coverage includes, making it potentially...

Wednesday, March 27, 2024

Many workers have been dreaming of retirement since they first entered the workforce. However, once this retirement date draws near, the prospect of giving up your primary source of income may be nerve-wracking, even if you've...

Wednesday, March 20, 2024

Empowering High-Earning Women on the Path to Financial Success  As high earners not rich yet (HENRYs), women may find themselves in a position where their earning potential is high, but they may still have uncertainties about...

Thursday, March 14, 2024

What is it? If you're like a lot of people, retirement won't be the world of gardening, golfing, traveling, and tennis you once envisioned. Rather, retirement will mean relaxing and working. Maybe you've retired from your "regular" job...

Thursday, March 7, 2024

What are the advantages and disadvantages of using a credit card? If you're out shopping, it may be more convenient to carry a credit card to pay for your purchases than it is to carry cash or your checkbook. But that convenience comes...

Thursday, February 29, 2024

Making The Best of the Rest of Your Life  While retirement is a time to enjoy the things you have worked hard for in life, the next chapter may leave some a little anxious. Retirement doesn't mean you have to retire from the...

Thursday, February 22, 2024

Some older workers return to the workforce or continue to work well past retirement age. Workers over 50 may change jobs while working in the same occupation or field later in life to continue their careers for longer. Working while in...

Thursday, February 15, 2024

As our population ages, discussions about long-term care (LTC) and who pays for it are essential. LTC is ongoing care in a care facility, nursing home, or at home for those unable to perform a certain number of activities of daily...

Thursday, February 8, 2024

As a business owner, understanding the various strategies for rewarding and incentivizing your employees is vital for employee retention and business growth. One strategy is equity compensation, which may be valuable when used...

Thursday, February 1, 2024

Wise Habits for Long-Term Care For High-Net-Worth Individuals  As high-net-worth individuals navigate the complexities of financial planning during their working years, one critical aspect often goes overlooked—long-term...

Thursday, January 25, 2024

Common sense tips to help children, teens and other vulnerable groups The Internal Revenue Service (IRS) is helping families, teens and senior citizens learn about the continued importance of protecting personal information in helping...

Thursday, January 18, 2024

Determining how your income impacts Social Security (SS) taxes is important for tax planning. Factors that determine how much pay SS tax you pay, depending on your circumstances, include: If you have income from working in retirement....

Thursday, January 11, 2024

When people think of retirement, they often have an image formulated in their minds of what it will be like. The thing about it, the reality might not be what they expected. The internet is full of retirement information; however, not...

Thursday, January 4, 2024

Getting close to retirement is exciting, but it often brings a little worry about your financial future. The closer you get, the more you may be concerned with the rising living costs and if your finances are on track to allow you to...

Thursday, December 28, 2023

If the end of the year has you in planning mode, you’re not alone—starting a new year may be a great opportunity for a review and renewal. What steps might you take for next year?  Review Asset Allocations Most...

Thursday, December 21, 2023

With tax season coming to an end, it’s the ideal time to use this year's tax return to help update your financial plan. If you’re in the group of one in four Americans who do not already have a financial plan, it may be...

Thursday, December 14, 2023

If you're curious about socially responsible investing, you may have encountered all kinds of phrases about this phenomenon, including socially responsible investing (SRI), mission-related investing, sustainable investment, ethical...

Wednesday, December 6, 2023

For those in Medicare, IRMAA can have a big impact on healthcare costs. IRMAA, which stands for Income-Related Monthly Adjustment Amount, is a term that may not be familiar to everyone. However, for individuals enrolled in Medicare,...

Thursday, November 30, 2023

What are charitable remainder and charitable lead trusts? Charitable remainder and charitable lead trusts are special types of trusts into which you transfer assets, retain either a present or future economic benefit for yourself or...

Friday, November 24, 2023

Cyber Monday is one of the most popular shopping days, competing each year with Black Friday when it comes to scoring holiday deals. While online shopping continues to grow in popularity, it also opens the door even wider for those...

Thursday, November 16, 2023

What does "coordination with government benefits" mean? In the context of long-term nursing home care, a number of governmental (and governmentally regulated) programs and tools exist to help you pay for this care. Medicare, Medicaid,...

Thursday, November 9, 2023

The past two years presented many small-business owners with unprecedented challenges. This year’s tax planning preparations include necessary measures for small-business owners to satisfy existing, new and modified tax laws that...

Thursday, November 2, 2023

If you or a loved one are approaching the point of needing elder care, you may be wondering what your options are. What level of care is right for your situation? How will you pay for care? What will happen when you need a more...

Thursday, October 26, 2023

The statistics on longevity show that people are living longer and will likely need long-term care (LTC) at some point in their lives. The unknowns each of us faces are how many years we will need LTC and what it will cost. With the...

Thursday, October 19, 2023

Sectors hit include air travel, insurance, oil production and entertainment The path to retirement can often seem daunting, with the end goal appearing distant and difficult to reach. This sentiment has only grown in recent years, as...

Wednesday, October 11, 2023

Key Differences and Why Your Money Mindset Matters  You often hear people discuss "saving for retirement,” but in many cases, they're actually referring to their investing. The adage "you can't save your way to wealth" is...

Thursday, October 5, 2023

More consumers are conducting financial transactions online and may become vulnerable to tracking, hacking, identity theft, phishing scams, and other cyberspace risks. While nothing can guarantee complete safety on the Internet,...

Thursday, September 28, 2023

You may already be aware of the importance of having enough life insurance coverage to handle financial matters that could affect your family in the event of your death. However, determining the appropriate amount of coverage for your...

Thursday, September 21, 2023

Do you wish that there was more time in a day? Do you want to have time to drink a cup of coffee in the morning, or get to the gym before or after work? Well, we can’t change how much time there is each day, but we can help you...

Thursday, September 14, 2023

Heading into your retirement years brings a slew of new topics to grapple with, and one of the most maddening may be Medicare. Figuring out when to enroll, what to enroll in and what coverage will be best for you can be daunting. To...

Thursday, September 7, 2023

Take control of your retirement planning with a defined contribution plan The 401(k) pension plan, named after that section of the Internal Revenue Service Code that created it, has become one of the most popular retirement plans in...

Thursday, August 31, 2023

During turbulent financial times, having a financial emergency plan might provide you with a proverbial life preserver. Whether it is an emergency fund to help you tackle an unplanned expense, insurance to cover an unexpected accident...

Wednesday, August 23, 2023

As of 2017, about two-thirds of all nonprofit organizations in the U.S. had annual budgets of less than $1 million.[1] For these non-profit organizations where every penny has a purpose, having the services of a financial...

Tuesday, August 15, 2023

In the college savings game, all strategies aren't created equal. The best savings vehicles offer special tax advantages if the funds are used to pay for college. Tax-advantaged strategies are important because over time, you can...

Wednesday, July 26, 2023

The "Sandwich Generation" wakes up every morning with a lot on their plates. They not only have to provide support for themselves and their own children but also help to take care of aging parents. For many, this is both physically and...

Friday, June 23, 2023

Most portfolios are constructed based on an individual's investment objective, risk tolerance, & time horizon. However, as a retiree, how you choose to live in retirement may be an additional factor to consider when building your portfolio.

Friday, June 16, 2023

Both traditional and Roth IRAs can play a part in your retirement plans. And once you’ve figured out which will work better for you, only one task remains: open an account.

Tuesday, June 6, 2023

One of the common threads of a mobile workforce is that many individuals who leave their job are faced with a decision about what to do with their 401(k) account.

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