Catch-Up Contributions: A Retirement Savings Opportunity After Age 50
Many Americans worry about whether they are saving enough for retirement. According to the 2025 EBRI/Greenwald Retirement Confidence Survey, 67% of workers said they were very or somewhat confident they would have enough money to live comfortably in retirement, but only 24% said they were very confident. For those who feel behind, catch-up contributions may […]
Caring For Aging Parents: Planning Ahead
Thanks to healthier lifestyles and advances in modern medicine, Americans are living longer. As a result, more families are beginning to think seriously about what it may mean to care for aging parents. The U.S. Census Bureau reported that the population age 65 and older grew from 2010 to 2020 at the fastest rate since […]
Do You Make Too Much for a Roth IRA?
Yes, you may still be able to fund a Roth IRA strategy even if your income is too high to make a direct Roth IRA contribution. This approach is commonly called a backdoor Roth IRA. It generally involves making a contribution to a traditional IRA and then converting those funds to a Roth IRA. For […]
Alaska Inheritance: What to Do When You Receive One
Receiving an inheritance can bring mixed emotions. It may come during a season of grief, family responsibility, paperwork, and uncertainty. If you are dealing with an Alaska Inheritance, there are unique considerations to keep in mind. At the same time, inherited assets can also create an opportunity to strengthen your financial foundation, reduce stress, and […]
You Won!! What to Do with Your Lottery Winnings?
Winning the lottery is exciting, emotional, and potentially life-changing. It can also be overwhelming. Whether the prize is modest or substantial, the decisions you make in the first days and weeks after winning can have a long-term impact on your finances, family, taxes, privacy, and future goals. At True North Wealth Management, we believe sudden […]
Can Group and Private Disability Policies Work Together?
Your ability to earn an income is one of your most valuable financial assets. If an illness or injury prevented you from working for months—or even years—the impact on your household could be significant. According to the Social Security Administration, about 1 in 4 of today’s 20-year-olds will become disabled and qualify for Social Security […]
Buying a Vacation Home: 5 Things to Consider
Buying Auto Insurance For Teen Drivers
Driving may be a rite of passage for teenagers, but for parents, having a teenage driver can be stressful and expensive. Your child will need auto insurance coverage as soon as they receive their driver’s license. Here are some important considerations. Determine Whether to Add Your Child to Your Policy or Purchase a Separate Policy […]
Building a Solid Financial Foundation
You may have heard the phrase “getting your financial house in order.” But what does that actually mean? A strong financial life is built much like a home. It needs a solid foundation, reliable structure, and regular maintenance. Without those basics in place, long-term goals like retirement, investing, tax planning, estate planning, and wealth transfer […]
Breaking Down the Parts of Medicare
Generally, the different parts of Medicare help cover specific services. Most beneficiaries choose to receive their Parts A and B benefits through Original Medicare. This is the traditional fee-for-service program offered directly through the federal government. It is sometimes called Traditional Medicare or Fee-for-Service (FFS) Medicare. Under Original Medicare, the government pays directly for the […]