retirement planning learning hub
Retirement Case Study: Age 60 With $2M In Pre-Tax 401(k)
I’m $60 with $2M pretax in 401k! How Do I Minimize Taxes? Where Should I Take Money From First? How Will Strategic Roth Conversions Save Taxes Over My Lifetime? How Can I Reduce The Taxes Associated With My RMDs?
How Charitable Giving Can Lower Your Income Taxes: 4 Smart Ways To Give Tax-Efficiently!
Donating to charities can provide two critical benefits: it allows you to support causes close to your heart, and it can provide significant income tax benefits. Learn more about how to maximize the tax benefit of your charitable donations.
Deciding What To Do With An Inheritance?
Have you received a large inheritance and have no idea what to do with it? This article discusses ten crucial things you should do if you've come into a large inheritance.
10 Questions You Should Ask A Financial Advisor Before Hiring One!
Choosing the right financial advisor might be one of the most important decisions you make regarding your financial future. Before you start working with a financial advisor, you need to ask them the right questions. In this blog post, I'll share ten questions you should ask any potential financial advisor to ensure they're the right fit for you.
Worried About Overspending During Retirement? Don’t Risk Running Out Of Money! Create A Retirement Paycheck!
How do I become a spender after being a net saver my entire life?
This question was posed to me by someone retiring in the next few years, but they couldn't quite wrap their mind around no longer receiving a paycheck. The absence of that security and consistency was unsettling.
In this video, we'll explore how to create something like a paycheck in retirement without actually getting one, how to be strategic about covering your retirement expenses, and make sure you stay until the very end when I'll discuss how to make the entire process easier.
What Makes a Great Retirement Plan?: How the 4% Rule and Other Rules-of-Thumb Fall Short!
Retirement planning can be a daunting task, requiring a great deal of thought and consideration.
There are some popular rules of thumb that people try to use as shortcuts.
This post discusses why these rules are inadequate. And make sure you stay to the very end when I discuss the various components that should be included in a comprehensive retirement plan.
Enhancing Your Estate Plan: The Importance of a Letter of Wishes
A letter of wishes is a personal message to your trustees, executors, and beneficiaries, providing guidance and clarification on how you would like certain matters handled upon your passing. While not legally enforceable, a letter of wishes can help ensure your intentions are realized.
Should You Claim Social Security Early?
The decision to claim Social Security should not be taken lightly. Claiming early may result in a reduced benefit amount for the rest of your life. This blog post explores why a retiree may want to consider claiming Social Security early.
The Retirement Tax Bomb
If you are a diligent saver socking away money into your retirement accounts, you may be setting yourself up for some unintended income tax consequences. The good news is with some careful planning, you may be able to defuse the effects of the “retirement tax bomb.”
Unveiling the Untold Truths of Retirement
Retirement often stands as the ultimate destination, a promising respite from the rigors of work and a chance to bask in the glory of our hard-earned twilight years. Yet, there exists a realm where misconceptions collide with reality. From financial intricacies to psychological adjustments, we delve into the nuances and offer insights that may challenge conventional wisdom about life in retirement.
Navigating the Retirement Income Gap: 11 Strategies to Maximize retirement
The retirement income gap is the time between earning a full-time salary and receiving retirement, pension, or social security benefits. It can be a period of great stress for some people. But used correctly, it can be a period of great opportunity.