by Curtis | Oct 5, 2021 | Financial Planning, Retirement, Taxes
IRAs were created in 1974 under the ERISA legislation. This established minimum standards for company pension plans. The legislation was a way for individuals not covered by those company plans to access tax-advantaged retirement savings. The rules have changed over...
by Curtis | Sep 27, 2021 | Retirement, Taxes
When planning for expenses in retirement, it’s easy to begin thinking about travel and vacations while overlooking one significant expense: taxes. In Nationwide’s 2021 Retirement Income Survey, 41% of retirees surveyed reported wishing they had been better prepared...
by Curtis | Sep 20, 2021 | Estate Planning, Retirement, Taxes
Planning for a time when you’re no longer around is hard. The most important thing is being able to continue to protect the people you love. Beyond that, a growing number of people are interested in leaving a philanthropic legacy. According to a recent survey, the top...
by Curtis | Sep 15, 2021 | Financial Planning, Retirement, Taxes
The Roth IRA isn’t usually associated with high earners because of income contribution limits. There is a multi-step strategy that can be used to get money in a Roth. A Traditional IRA can be converted to a Roth IRA even for those who exceed the Roth contribution...
by Curtis | Jul 22, 2021 | Retirement, Taxes
You’ve outlined your budget and built up a substantial investment portfolio. You have run calculations to see how much you should be able to safely spend in retirement. But have you thought through the tax implications? It’s very common for tax planning to be...
by Curtis | Jun 22, 2021 | Financial Planning, Retirement
There are all sorts of different advice on spending in retirement. The most commonly discussed advice is the 4% rule. This research suggests that one could spend 4% of their original retirement portfolio per year, and increase the spending amount by inflation each...
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