Outliving Your Retirement Savings: Strategies to Thrive in Retirement
As Labor Day approaches on September 1st, 2025, it’s a perfect time to pause and think about your retirement. For our clients at Davenport & Associates, the fear of outliving your savings is real—51% of people worry about it. With the holiday season nearing, this blog explores why this concern matters and offers simple strategies… View Article
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Understanding Trusts: A Simple Guide to Protecting Your Legacy in 2025
Last week, we explored what estate planning is—organizing your assets and wishes for when you can’t manage them. This week, let’s dive into trusts, a key tool to make that plan work. At J. Davenport Legal, we helped thousands use trusts to keep things simple and secure. If you’re wondering “What is a trust?” or… View Article
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Social Security COLA Adjustment for 2025: Boosting Income Amid Inflation
The Social Security Administration (SSA) announced a 2.5% Cost-of-Living Adjustment (COLA) in August 2025, boosting average benefits by $50/month for 72.5 million retirees. For our clients here at Davenport & Associates, this adjustment is a key factor in retirement income planning. If you’re asking “When should I claim Social Security?” or “Do you have enough… View Article
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What Is Estate Planning? A Simple Guide for 2025
Wondering what estate planning is? You’re not alone—it’s the top question we hear at Davenport & Associates! In simple terms, estate planning is about deciding what happens to your money, home, and responsibilities when you can’t manage them anymore, whether due to illness or passing away. It’s not just for the rich; it’s for anyone… View Article
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Health Care Costs in Retirement: Navigating Medicare Premium Hikes in 2025
Retirement planning in 2025 demands attention to rising health care costs, with Medicare Part B premiums jumping to $185—a $10.30 increase from 2024—impacting 65 million beneficiaries. For our clients here at Davenport & Associates, this hike signals a need for action. If you’re asking yourself “How much are Medicare premiums in 2025?” or “What’s my… View Article
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Common Estate Planning Misconceptions in 2025: Don’t Let Myths Cost Your Family
Common estate planning myths still persist in 2025, with only 33% of Americans having a will or trust, down 6% from 2023. From what we have heard from our clients at Davenport & Associates, these misconceptions can lead to costly mistakes like probate fees averaging $10K or tax losses up to 40%. If you’re thinking… View Article
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