Terry Szilasi Financial Strategist With Eliteam Financial Strategies

06/12/2023

There are many older adults facing a retirement with no or insufficient income sources. There are still several ways to stash some cash for those golden years. This article contains seven strategies that can help you in both the short and long term.
https://money.usnews.com/money/retirement/articles/the-best-ways-to-boost-retirement-savings-after-age-50 If you have questions about reaching your retirement goals, please feel free to contact me.

05/18/2023

Leaving a steady paycheck behind can be a scary thing. However, working with a financial professional is the best way to figure out how much monthly income you’ll actually need in retirement. See how much other retirees make and spend in this inciteful article. https://money.usnews.com/money/retirement/articles/what-is-a-good-monthly-retirement-income If you have additional questions about reaching your retirement goals, please feel free to contact me.

05/11/2023

Tax time has come and gone. While your mind is still in a money mode, this is a great time to do an income tax health check. This great article from New York Life includes five things you can do to help minimize your taxes for the future. If you have any additional questions about your taxes or personal finances today, please contact me.

Plan your tax strategy with five top tax season financial planning considerations from refunds to cashflow and investment-related deductions.

04/26/2023

Will Social Security run out? The short answer is “yes”. If Congress doesn't make changes to Social Security by 2035, your benefits may be reduced. Here’s what you need to know about the status of Social Security now, how it may affect your retirement, and what you can do about it.

https://yhoo.it/3oHO5Mu

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

04/19/2023

Time to get your debt under control. Managing your debt can be a real challenge. Debt consolidation is one effective way to wrangle your debt and there may be other options available, depending on your circumstances. This article has everything you need to know about debt consolidation, some alternatives, and how to get started.

https://money.usnews.com/loans/personal-loans/articles/what-is-debt-consolidation-and-how-to-do-it

If you have any additional questions about debt and taking control of your finances, please contact me.

03/29/2023

When it comes to retirement, how do people really feel? Do they want to retire early, later, or not at all? Find some interesting answers in this 2023 Harris Poll survey asking thousands of Americans how they feel about their retirement:
https://bit.ly/3Khzfog
Do you have more retirement questions? Please reach out to me. New York Life Insurance company and its employees do not provide tax or legal advice. Please consult with your tax and legal advisors regarding your personal circumstances. "

Most Americans plan to retire, and those who do plan to retire expect to quit full-time work at age 57, on average, a new NerdWallet survey finds.

02/20/2023

Before you file this year’s taxes, read this article from US News to find out if your student loans could have an impact that changes your return: And if you have any more questions, feel free to reach out.

01/27/2023

The Secure 2.0 Act is on its way. Find out what changes are coming to your retirement investments by reading this article from Forbes. Don’t hesitate to contact me with any questions regarding the effects of the Secure 2.0 Act.

SECURE 2.0 changes the retirement savings landscape for the better. Find out how your tax-advantaged investment accounts will be affected in 2023 and beyond.

01/18/2023

Post Copy: Not only is having whole life insurance good for your peace of mind, but it can also help you through this time of rising inflation. Find out seven different ways here: https://bit.ly/3WjwaXs And if you have more questions about whole life insurance, I am here for you.

SECURE 2.0 changes the retirement savings landscape for the better. Find out how your tax-advantaged investment accounts will be affected in 2023 and beyond.

12/21/2022

A little work now can make the 2023 tax season one of the easiest yet.

A few last-minute moves — like tax-loss harvesting and boosting contributions to your retirement plan — could make a big difference come April.

12/14/2022

You can give a lasting gift this holiday. Learn why life insurance might be perfect for your children or grandchildren.

Life insurance can be a great gift to show your children and grandchildren just how much they mean to you. Learn more about gifting life insurance to grandkids.

11/30/2022

Are you considering buying a new home? Here are 10 tips to help you counter rising interest rates:

New York Life guides you through buying a home during higher mortgage rates and inflation.

11/15/2022

Get ahead of rising APRs on your credit card(s) before it's too late with some helpful advice from Kiplinger.

Even for those who pay off their credit card balances every month, knowing your APR is part of keeping good credit habits.

11/04/2022

Worried about inflation hindering your dream retirement? Check out these tips from New York Life to help you keep everything on track: If you have more questions, I'm here to help you reach your financial goals.

Have you developed a retirement withdrawal strategy or spending plan? Learn about retirement budgeting from New York Life and ensure that your savings last.

10/05/2022

Nonprofit organization Life Happens is recognizing Hispanic Heritage Month and sharing common myths and hesitations that the Hispanic community has about purchasing life insurance. Check them out and reach out to me if I can help put your mind at ease about how to protect you and your loved ones.

09/09/2022

Here’s the good and bad news. Our latest Wealth Watch survey reveals that while consumer confidence is down, it has not dropped dramatically from earlier in the year. You can find the full report for July here: If you have questions about your financial future, I am here to help.

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

09/01/2022

Your 401(k) plan can be a powerful tool for long term savings. But the question is, are you making the most of it? Check out these 401(k) tips from Forbes to help you understand how to maximize your savings. If you have questions, reach out to me. I am here to help you reach your financial goals.

I have mixed feelings about 401(k) plans.

08/12/2022

Happy Anniversary to my beautiful wife. I love you Jolene.

07/31/2022

Whole Life insurance plans are great because they offer your family peace of mind for the long run. But many don’t know that they offer more. Such as the potential for annual dividends and the option to borrow against the cash value of your policy. To learn more about Whole Life watch this video

07/21/2022

What does managing your personal finances have to do with piloting the fastest fighter planes on the planet? Good question. To find out, read this article we posted on the benefits of being a Maverick of your own finances. https://hearsay.social/3cupWCP For questions about your financial future, reach out to me.

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

07/08/2022

Read our 2020-2021 Environmental, Social, and Governance (ESG) report to learn our how we strive to be a force for good in society and for the environment.

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

07/07/2022

This article explores the advantages of buying stocks during a bear market and explains how it can affect your long-term investing.

When the stock market is soaring, it's easy to get into the buying mood. That's because we actually see investments bearing fruit right away. Even if some share prices are high, the sheer momentum of the whole market offers us confidence that those prices could climb even higher.

06/30/2022

Increasing inflation is never a good thing. But depending on where you’re at in your life, you may feel differently about how it’s impacting you. To give you a better insight into how Americans are dealing with inflation, review the results from the most recent Wealth Watch Survey. And if you have questions about how inflation will impact your future, reach out to me.

New York Life examines how the cost of groceries, gasoline and other goods and services rise as a result of inflation, consumers across generational groups are responding to the pressure of reduced purchasing power by making changes to their day-to-day spending habits and adjusting their budgets.

06/21/2022

Not all of us are thinking about our finances right after we get married. But the sooner you answer your financial questions, the sooner you’ll be prepared for a future together. On that note, I recommend reading this piece about merging your financial accounts after marriage.

Now that your wedding has passed, consider joint finances with your spouse like joining bank accounts and merging credit cards.

05/31/2022

There’s no doubt about it now. Inflation is here, and it’s affecting a lot of decisions we make, including preparing for retirement. On that point, I’d like to direct you to an interesting article from Forbes that speaks to inflation and retirement planning. If you have questions about your future, you can always reach out to me.
https://hearsay.social/3M4LHW2

05/17/2022

Many of us never think a disability will impact our lives. Statistics tell another story. For the month of May, we celebrate Disability Insurance Awareness Month by giving you the tools to protect your future. Learn more about your disability insurance options today.

What is disability insurance? Learn more about disability insurance and its benefits with help from New York Life.

04/27/2022

Did you know there are ways to earn tax-free income during retirement? It’s all part of a tax diversification strategy outlined in this brief video. If you have questions about retirement or tax diversification, I can help.
https://bcove.video/3hNaWOd?hss_meta=eyJvcmdhbml6YXRpb25faWQiOiA1MzQsICJncm91cF9pZCI6IDg0OTc3MSwgImFzc2V0X2lkIjogMTkzNjEyNiwgImdyb3VwX2NvbnRlbnRfaWQiOiA5Njg0ODkxOSwgImdyb3VwX25ldHdvcmtfY29udGVudF9pZCI6IDE1NDI3ODQ5OH0%3D

04/13/2022

I have found that the more informed my clients are about retirement,
the better they feel. To that end, I recommend reading this brief article. If you have any questions, please feel to reach out any time.

Are you planning for retirement and concerned about your savings? New York Life can help you identify the insurance and investment solutions to make them last.

02/01/2022

During the “great resignation,” millions of Americans chose to retire within the past year, but for those who retired, a surprising number chose not to take Social Security right away. Learn the simple reason why in this article.

During the “great resignation,” millions of Americans chose to retire within the past year or so.

01/28/2022

Due to , many Millennials have reported saving more thanks to fewer daily expenses. Still, most lack confidence in knowing how to achieve their financial goals. Read the latest findings in New York Life's Wealth Watch survey, and let's talk.

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