Greetings! I trust that this finds you well and enjoying life. Whether you’re already retired or knocking on the door, one way to potentially maximize your savings, investments and income is to minimize your tax liability. Tax-deferred vehicles are more tax efficient since money can grow without the annual burden…
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It All Adds Up
Greetings! I trust that this finds you well and enjoying life. A common strategy to save for retirement is to allocate funds for a tax-deferred retirement account, such as traditional IRA, employer-sponsored 401 (k) or 403 (b) plan. However, one drawback to saving via these plans is that when you…
Continue Reading It All Adds UpWatching It Closely In Retirement
Greetings! I trust that this finds you well and enjoying life. Investment planning during retirement is not the same as investing for retirement and in many ways, is more complicated. Your working years are your saving years. With luck, your income increases from year to year as you receive promotions…
Continue Reading Watching It Closely In RetirementSometimes Little Things Make Big Differences
Greetings! I trust that this finds you well and enjoying life. I have a question for you and I want an honest answer. Do you know where you stand financially at any given point in time? To be more specific, do you know within a few thousand dollars what your…
Continue Reading Sometimes Little Things Make Big DifferencesManaging Income Taxes In Retirement
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…
Continue Reading Managing Income Taxes In RetirementHow To Manage A Retirement Income Shortfall
Greetings! I trust this will find you well and enjoying life. I am aware that this week’s topic is somewhat lengthy. However I find more and more retirees and persons approaching retirement being challenged to examine a retirement with an income shortfall. The experience can be radical unless you plan…
Continue Reading How To Manage A Retirement Income ShortfallContinuing Care Retirement Communities May Be Resourceful
Greetings! I trust that this finds you well and enjoying life. Continuing Care Retirement Communities May Be Resourceful CCRCs are retirement facilities that offer housing, meals, activities and health care to their residents. These communities appeal to people who are currently in good health, but who worry that they may…
Continue Reading Continuing Care Retirement Communities May Be ResourcefulWill You Outlive Your Money?
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…
Continue Reading Will You Outlive Your Money?