As Featured In: https://www.thestreet.com/retirement-daily/saving-investing-for-retirement/roth-ira-vs-life-insurance Three Kinds of Retirees—Which One Are You? Picture three friends sitting down for coffee, all recently retired and...
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As Featured in For many people, Social Security will be their largest retirement asset. Most people have never analyzed It, and the truth is, they don’t know how. In fact, people often underestimate the value of their Social Security...
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Learn how a tax planner acts as the architect of your financial future, crafting a blueprint for tax-smart retirement income and investment strategies.
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As featured in: In our last article, Use the Bucket Plan to Secure Your Dream Retirement, we mentioned one of the biggest mistakes we see retirees make. In this article, we would like to dive deeper into what that mistake is, why it...
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As featured in: Happy New Year! If retiring is part of your 2024 plan, generating an income to replace your paychecks will be top of mind. If you are like most pre-retirees, you may have questions such as, “When can I...
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Historical Tax Brackets If we were to take a poll asking, “Who has an issue with the amount of taxes we pay?” we’re sure many hands would go up. However, if we had a time machine and were to travel back several decades...
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To have the ability to create tax efficient income in retirement, you should begin by setting the table correctly in your accumulation years. Most people understand the concept of diversification: “Don’t put all of...
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One of the more confounding issues that pre-retirees must wrap their head around is how to create a growing stream of income from their savings after their paycheck stops. To solve for this, consideration should be given to...
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It’s natural for retirees to worry about risk. And in the short-term, having enough cash or similar conservative liquid investments on hand to cover approximately 2-3 years of planned cash flow, is important. But in the long-term, what’s t
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If you’re nearing retirement, you’re moving into a period of tremendous change, with a lot of critical decisions in front of you. The plan you set now will ensure that you’re able to enjoy the life you’ve worked hard for.
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Here's how to donate to charities, get pre-tax money out of your IRA, and pay 0% tax while lowering future required minimum distributions.
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For many, the pandemic of 2020 has meant leaving a job or taking an early retirement. For others, it has meant renewed interest in getting their financial “ducks” in a row, which means a greater focus on one of their...
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If you are interested in creating and growing a stream of tax-free income in retirement, don’t overlook after-tax contributions in your company retirement plan. For employees who participate in their employer’s 401(k),...
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As Featured in: We had a client come in recently with an old 401(k) plan notification in hand. This account was left at a company he had terminated employment from back in 2001 and has had no contact with since. In the ensuing years,...
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With compassion, we would like to share a story with you. About a year ago we had a prospect named Jill come into our office. She was tragically widowed several years ago at the age of 52. She had three children, two who were in...
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When it comes to your retirement accounts, do you know who your beneficiaries are? These types of accounts have complex distribution rules and significant tax implications for those who inherit them. This complexity is compounded if...
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In retirement, with the possible exception of healthcare, taxes may prove to be your largest expense. Controlling the amount of tax you ultimately pay will help you maximize and grow your income and help your wealth last longer. Once...
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Pre-tax retirement accounts are a fairly new retirement planning tool all things considered. It wasn’t until 1975 that the Traditional individual retirement accounts (IRAs) first became available. And in 1981 the Internal Revenue...
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As Featured In: The widow’s penalty is often an unexpected and unwelcome surprise to a surviving spouse who has not had to deal with the disadvantages of being a single tax filer in decades but now faces a higher tax liability...
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https://www.forbes.com/sites/garrettgunderson/2020/07/23/debunking-the-myth-of-lower-taxes-in-retirement/?sh=16ebcb7a5cd8 As Featured In: If you want to build wealth, it is your responsibility to save on taxes legally and ethically....
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