Nearly every American understands that taxes are one of their most significant expenses. Wealth planners regard taxes and inflation as the two most erosive forces impacting savings. Tax planning strategies are critical components of sound retirement planning, even for those in mid-to-low income brackets.
The first major overhaul of the US tax code in more than 30 years, the Tax Cuts and Jobs Act (TCJA), took effect in 2018 and is expected to significantly impact all American taxpayers through 2025. At nearly 200 pages, the Act substantively changes the tax code for both institutions and individuals, aiming to cut corporate, individual, and estate tax rates.
If you’re a senior considering purchasing an annuity, congratulations! An annuity can be a fantastic safe money option that provides a reliable income stream in your retirement years.
Are you making one of these 8 common annuity mistakes? Read More »
Retirement planning is a complex and often misunderstood topic. Many people have misconceptions about what retirement should look like, especially if they haven’t taken the time to learn about the realities of retirement or have no plans.
What are some of the most effective ways to make your retirement savings last? Read More »
American retirement marketing often gives us idealized, fantasy-tinged visions of how life without work will look. Brochures show Meg and Joe on the beach, holding hands and sipping margaritas without a care.
Have you planned for unexpected or overlooked retirement expenses? Read More »
“A new DOL ruling would ease existing restrictions on environmental, socially conscious investing by fund managers. Unfortunately, the track record for these funds is not that impressive so far.”
“ESG” investing is coming to a 401k or IRA near you. How will it affect your retirement? Read More »
Similar to ETFs or mutual funds, a separately managed account (SMA) is a portfolio of securities in which a person may invest. However, unlike mutual funds or ETFs, when you invest in an SMA, you own the securities inside your portfolio. This means SMA owners have more flexibility in the investment and management of the funds. SMA investors can also monitor trades in real time.
The so-called “theory of decreasing responsibility” says that although many seniors will have decreased income levels when they retire, they will also have fewer expenses and lower taxes. I call baloney on both these ideas.
“As highlighted by a recent Nationwide Retirement Institute poll, most Americans are woefully lacking in basic Social Security knowledge. This education gap can result in mistakes that will impact your entire life.”- Ken Reeves.
How does one retire during a recession or market downturn? In retirement, timing is everything, as it is in much of life. While attempting to retire during a financial downturn
How to retire during a recession or market downturn Read More »