News List

Sound Income Group Founder, CEO David Scranton to Speak at Wealth Management EDGE

FORT LAUDERDALE, Fla., April 11, 2024 /PRNewswire/ — Sound Income Group, a Fort Lauderdale, Florida-based, diversified financial services company whose affiliate Sound Income Strategies is an SEC-registered RIA with approximately $3 billion in total assets under management, today announced that David Scranton, the firm’s Founder and CEO, will speak at the 3rd Annual Wealth Management EDGE conference in Hollywood, Florida. The May 13 to […]

Sound Income Strategies’ ETF Ends Year as a Top Performer

Sound Income Strategies, a Florida-based RIA and money manager, saw its FXED ETF end 2023 in the top 1% of similar funds tracked by Morningstar. Digital Wealth News has reported in the past that the firm utilizes a range of technology, including electronic communication through account dashboards, videos and artificial intelligence to support its clients […]

So You’re Retired – Now What?

Most qualified retirement plans offer significant tax benefits - if you're willing to follow a few IRS-specified rules, that is. The federal government wants to make plans such as 401(k)s, Keoghs, SEP-IRAs and traditional IRAs available for specific needs, and has enacted laws to help eliminate potential abuses of these tax-advantaged investment alternatives. Retirement Plans […]

Retirement Expenses

How Living Expenses Change During Retirement There are some upsides to being a retiree - senior discounts, lower taxes, subsidized healthcare, and regular Social Security checks among them. On the other hand, mature Americans must contend with worrisome issues such as rising costs for medical care, long-term care, prescription drugs, and even basic necessities such […]

Bridging The Income Gap

Social Security was never designed to be an individual's sole source of retirement income. Instead, it was meant to bridge the gap between people's income from pensions and savings and their monthly expenses. Today, however, nearly two-thirds of all seniors rely on Social Security for at least 50% of their total monthly income. Nor are […]

IRA Conversions

The Roth IRA offers a number of advantages over its traditional counterpart. These include: Tax-free distributions at retirement Ability to continue making contributions beyond age 70-1/2 No required minimum distributions beginning in the year you turn 70-1/2 Leaving assets to survivors that are free from income taxes Details on eligibility to convert a traditional IRA […]