Category: Uncategorized

Greetings! I trust that this finds you well and enjoying life. You may have assets in accounts that are taxable (e.g., CDs, mutual funds), tax deferred (e.g., traditional IRAs and 401(k)s), and tax free (e.g., Roth IRAs and Roth 401(k)s). Given a choice, which type of account should you withdraw…

Greetings! I trust that this finds you well and enjoying life. Last week I wrote about distributions from traditional IRAs. This week let’s examine the particulars of withdrawing from Roth IRAs. You are free to make withdrawals at any time from your Roth IRA, but only qualified distributions receive tax-free…

Greetings! I trust that this finds you well and enjoying life. Let’s examine rules and considerations involved in distributions from IRAs. Once you reach the age of 59 ½, you are allowed (but not required) to take distributions from your traditional IRA without being subject to the 10 percent premature…

Greetings! I trust that this finds you well and enjoying life. Here are seven common retirement mistakes everyone should know about. • Investing in retirement as though you are still working. • Not protecting yourself and your nest egg from significant market declines. • Not structuring your basic (non-discretionary) retirement…

Greetings! I trust that this finds you well and enjoying life. As you near retirement age, you may be offered early retirement by your employer who may refer to the offer as a golden handshake or a golden parachute. The offer usually consists of severance payments and post-retirement medical coverage…

Greetings! I trust that this finds you well and enjoying life. As you grow older, housing issues become an integral part of your retirement plans. You may be living on a fixed income and want to get additional cash by borrowing against the equity in your home. You may feel…

Greetings! I trust that this finds you well and enjoying life. During your retirement years, it’s important to pay close attention to the income tax consequences of your investment decisions. If you receive a great deal of investment income when retired, for instance, the taxation of your Social Security benefits…

Greetings! I trust that this finds you well and enjoying life. Before you retire, take the time to figure out just how much money you’ll need for retirement. One of the biggest concerns for retirees is whether their retirement savings will last the rest of their lives– will they run…

I trust that this will find you well and enjoying life. The transition into retirement, what is it? The transition into retirement is when you are changing from your full-time working years to your retirement years. If retirement is approaching, you may have to make numerous decisions. Can you afford…

I trust that this will find you well and enjoying life. You can choose to delay receiving Social Security retirement benefits until you are past normal (full) retirement age. Perhaps you want to work longer because you enjoy it, or maybe you want your retirement benefit to be higher when…