Rise Financial Group

Happy New Year! Starting the year off with a new Financial subject, "Financial Literacy Basics".

"Start small, dream big. Save consistently for a brighter future"

Staying diligent in saving for the future is essential for financial security and peace of mind. Start by setting clear goals and creating a realistic budget. Automate your savings to make it a consistent habit, and invest wisely to grow your wealth over time. Regularly review and adjust your plan to align with any changing circumstances you may experience. Remember, small, consistent efforts can lead to significant, long-term benefits, possibly ensuring a stable and prosperous future you and your family.
Let Rise Financial Group help you grow your savings and put a plan in place to prosper! Call our office at (480) 878-7444.

📢 Social Security Update!

In 2024, those receiving Social Security benefits will see a 2.5% Cost-of-Living Adjustment (COLA) increase for 2025. the average SS payment for a 70 year old male is about $2,000 per month, so expect an additional $50 monthly, or $600 annually. The average SS payment for a 70 year old female is about $1,600 per month, so they would expect an additional $40 monthly, or $480 annually. This adjustment is designed to help retirees and other beneficiaries keep pace with inflation. While it may seem modest, it does provide additional financial support for everyday expenses like groceries, housing, and healthcare.

Social Security cost-of-living adjustments (COLAs) are based on readings from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). It has long been a controversy that the CPI-W (versus the CPI-E) does not do a good job of capturing the costs retirees on Social Security face, as it underweights medical care and housing expenses, when calculating the final number.
Keep an eye out for your letter describing the increased amount in your monthly payments!

Also, for those who haven't started Social Security yet, we offer a Social Security Maximization report that can potentially capture thousands more in Social Security payments, just by using a few strategies with timing, when filing for your payment. Call our office for your no-cost, no-obligation report.

Office (480) 878-7444

Stay informed with Rise Financial Group! 🌟

NOTE: CPI-E is short for Consumer Price Index - Elderly, and CPI-W is short for Consumer Price Index - Worker.

May 8th is "No Socks Day". This is the day when people around the world enjoy the beautiful sand under their feet, enjoying music and sharing the best moments with their friends. This is the day to free your laundry from a pair of socks. Forget those Birkenstocks and sock wearing fools of the Pacific Northwest, No Socks Day is your chance to let your feet fly free and your toes taste the tarmac. 🤪