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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Roth Conversion Opportunities in August 2025: Boosting Tax-Free Retirement Income
August 2025 brings a golden window for retirement planning, with Roth conversion costs dropping by 5% due to market dips and the permanent tax brackets from the Big Beautiful Bill. At Davenport & Associates, we see this is a chance to secure tax-free income. If you’re wondering “What are the best Roth conversion opportunities in… View Article
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Will vs. Trust: Key Differences for Estate Planning
Will vs. Trust – What’s the Difference, and Which Is Right for Me? Planning your estate involves making crucial decisions about how your assets will be distributed after you pass away. Here in Norwalk, CT, and across the country, individuals often rely on wills and trusts to ensure their wishes are honored. Understanding the differences… View Article
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