Today it is Part 3 of our series taxes in retirement. In this episode we look at the planning opportunity our couple, Bill and Janet have to impact both themselves and their daughter. We dig into the potential impact of Roth IRA conversions.
The taxation of your retirement accounts is always a big concern. In part 2, we look at the tax implications of those 401k and IRA Accounts when you die.
How is your income taxed in retirement? Today we look at a basic case study to show you how their income will be taxed. We look at what they face now, and when they get to the required minimum distribution age.
Investing is a key component of your financial plan. To be successful, one of the most important traits you need is intestinal fortitude. Reaching for return introduces some emotional stress, and sometimes that stress can be Intense. Big decreases in value cause many people to sell investments – and most do it when they shouldn’t. Today, we talk about the difference between investment return and investor return.
Not all of us retire when we plan. Sometimes the decision is made for us. Today we look at the situation of Hank and Becky. Hank was laid off right before his 60th birthday. Can they make it work, or will they be forced to find a job somewhere else?
We spend our working years saving for retirement. There comes a point where we will need to turn those savings into an income stream. How much can you take from your savings and not run out of money? Is the 4% rule still valid? Is there a “magic number” we can all use to figure out if we have saved enough?
You can look at retirement in three phases: the go-go years, the slow-go years, and the no-go years. Nobody knows exactly how long each of those will last, but when we start to think in those terms, it can change how you approach planning for that next chapter of your life.
Vanguard recently released a report titled How America Saves. It takes a detailed look at how Americans use retirement plans like the 401k. Nikki and Julie will join me to dig into some of the good and bad of the data, and more importantly, what it means for you.
n the investment world, there are thousands of possibilities and millions of combinations you can use to build a portfolio. On top of that, we have to deal with the incredible force of the unknown. Today, we dig into why picking the best-performing investments is a true superpower.