Category: Retirement Planning

3 Ways to Spend Your Retirement

3 Ways to Spend Your RetirementPreparing for retirement can be such an exciting opportunity, especially after having worked hard for the last couple of years. The thought of retirement comes with various expectations in your life, including the availability of resources in form of time and money. Life in retirement can therefore abruptly change. Experts … Continue reading "3 Ways to Spend Your Retirement"
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How Roth IRAs Could Lower Your IRA Distribution Taxes

How Roth IRAs Could Lower Your IRA Distribution TaxesOne thing you can consider to save on federal income taxes during your retirement is to convert your qualified tax money into a Roth account. By doing this, you could shield any appreciation on these assets from federal income taxes. Additionally, distributions from these assets will come … Continue reading "How Roth IRAs Could Lower Your IRA Distribution Taxes"
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Four Important Financial Issues for Retirees

Long Term Care1. Having Sufficient IncomeMany retirees want to generate sufficient income so that they never need to consume their principal. In fact, moat invest in a manner that will increase their probability of using their principal. You may be doing this also. Many retirees think that they must keep their principal safe and available, … Continue reading "Four Important Financial Issues for Retirees"
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Retirement Issues

Retirement IssuesRetirement is not just about the size of your nest egg. There are several considerations for a comfortable retirement experience in addition to a financial retirement plan. These considerations extend to where you live, housing options, and healthcare quality and choices. Most importantly, what activities will you do in retirement to stay mentally and … Continue reading "Retirement Issues"
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Protecting Your Assets

Protecting Your AssetsWhile everyone needs car, homeowners and health insurance, there are specific types of insurance that are very pertinent to seniors or retirees. These senior insurances are detailed below, and the failure to have any of these protections could the difference between a comfortable retirement and years of heartache.Life InsuranceWhile the common reason to … Continue reading "Protecting Your Assets"
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Retirement Income Sources

Retirement Income Sources Many retirees lack control over 50% or more of their retirement income. For example, if a retiree has income of $50,00 annually, and $30,000 comes from social security and employer pension, the retiree controls less than half of his retirement income—making those sources somewhat useless to discuss. So let’s focus on the … Continue reading "Retirement Income Sources"
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Common Retirement Financial Mistakes

Common Retirement Financial MistakesUnderestimating your life expectancy: A generation ago, it was probably safe to assume that men would live to approximately age 70, and women to perhaps 75. But advances in medical science have pushed those ages up at least fifteen to twenty years. Realistic financial planning for seniors should probably assume that at … Continue reading "Common Retirement Financial Mistakes"
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Annuities Can Help Reduce or Eliminate the Tax on Your Social Security Benefits

Annuities Can Help Reduce or Eliminate the Tax on Your Social Security Benefits Prior to 1984, Social Security income was tax-free. Today, however, taxpayers could be paying tax on up to 85% of their Social Security income. The good news is that annuities can help reduce and sometimes eliminate the income tax on your Social … Continue reading "Annuities Can Help Reduce or Eliminate the Tax on Your Social Security Benefits"
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An Annuity That Offers Market Participation

An Annuity That Offers Market ParticipationChoosing a suitable vehicle for your retirement is not an easy task. With the numerous choices, which product is better suited for your needs? On one hand, you might want the guarantee of principal and past earnings. On the other hand, many prefer the potential of higher returns by being … Continue reading "An Annuity That Offers Market Participation"
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How Your Annuity Payments Are Taxed

How Your Annuity Payments Are Taxed Getting the most value from any annuity arrangement begins with an understanding of the relevant income tax rules. This helps us to understand how much income taxes will be taken from our annuity payments during retirement. This article will discuss some important tax ruled you need to be aware … Continue reading "How Your Annuity Payments Are Taxed"
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