“Whoa! How much am I going to have to pay?” These were the words of a client I recently met with, who is approaching retirement age and had questions about Required Minimum Distributions (RMDs). She had heard about them but wasn’t sure exactly what they meant or how they would impact her financially. Looking at…
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When you’re working, getting paid is straightforward. You work for a company, and every week or two weeks, you receive a paycheck. But what happens when you retire? How do you create a “retirement paycheck” to fund your lifestyle, travel plans, home improvements, family visits, and even basic needs like food? The logistics of generating…
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I’ve heard it said that Uncle Sam has a tall hat so he can collect more when he holds it out. Bad dad joke, I know. Still, when it comes to retirement income, a lot of people I speak with loathe having to pay taxes. Everybody is okay paying their fair share, but nobody wants…
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Longevity in retirement is something that one needs to think about. Most research has shown that the longer you live, the longer you will live. Of course, it’s probability, so it doesn’t happen for everybody, right? But there are higher chances that the longer that you live, the longer you will live.
With that in mind, here are five things you should consider to help you plan for longevity in retirement.
Turning the page into your 60s can be a fun and contemplative time as you’re getting closer to retirement, thinking about retiring, or already retired. Use the four I’s to help you craft a winning financial strategy.
Retiring with $2 million is a great goal to strive for. While it’s certainly a good amount of money, how far it will go depends on a few things.
Knowing how to thrive in retirement involves more than just finances. Step outside the financial realm and consider some other key elements.
When you’re approaching retirement and thinking about retirement planning, how much money you have is a crucial factor. A plan to retire with $5 million directly impacts the type of retirement you can have and how you should think about achieving it.
How are 401k withdrawals taxed? It’s a common question but without a simple answer. A basic understanding of some of the factors can help.
Planning to retire with a pension and 401k brings some complexities. Create a solid financial retirement plan by thinking about these five key things.
