In the accumulation phase of life, you were saving. But, if you’re at the distribution phase now, you are drawing down your retirement assets. “How you spend your retirement dollars in retirement IS JUST AS IMPORTANT as when you were accumulating them.” If you don’t have a plan for maximizing your withdrawal strategies, then you […]
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Here’s the main problem: Many professionals like doctors, dentists, lawyers and small business owners often find they have spent so much time and effort developing their thriving practices and growing their profitable businesses that they just didn’t have the time to plan for their own personal retirement situation. However, many small business owners and professionals, […]
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Watch the Video or Read the Article Let’s Face it, Women Control the Wealth! Here are the facts…. 51% or $14 trillion, of American personal wealth are now controlled by women.1 67% of women over 50 years old share in decision-making for finances with their spouses.2 Women will control about $22 trillion by 2020, […]
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Taxes in retirement can fluctuate drastically from taxes while working full time. If you’re near retirement, you may be looking forward to the day when taxes get simpler. You could be disappointed. Everyone’s tax situation is different, but here are 6 tax issues you may encounter and ways to lessen their impact. Deductions May Disappear If your children […]
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Watch the Video or Read the Article “What’s the deal with annuities?” Jerry Seinfeld is an excellent comedian and his show Seinfeld used to start with his monologue about a certain topic and it always started with “What’s the deal with….” So, this week I wanted to cover a couple topics regarding annuities. First, […]
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The tax code is very complicated, but it also creates a number of strategies for you to keep more of your hard-earned money, especially if you’re putting it into retirement accounts. Uncle Sam is patient, but after a number of years of working and building your wealth, Uncle Sam wants his share of your retirement […]
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Watch and Listen Or Read Below. The #1 Problem with Your 401k (and by the way, it’s probably not your fault). Can you answer these questions about your 401k? What is my average annual return for the past 1, 3, 5, and 10 years? What is the real amount of risk I am taking […]
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The markets sold off in February on concerns of runaway inflation. The fear now is that inflation will start to rise more quickly, potentially dampening growth or driving borrowing costs higher. That prospect panicked the markets in February, briefly sending stocks down more than 10% before investors recovered their nerve. The indicator that made the […]
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Saving for retirement and investing in tax-deferred accounts like your 401(k)s and IRAs is extremely helpful to reach your retirement goals. However, once you turn 70 1/2, Uncle Sam definitely wants his share, so he forces you to take withdrawals from those accounts or face a 50% penalty of the amount you should have withdrawn. […]
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Congratulations! You have spent a lifetime working, saving, and now you have arrived at your retirement. Now all you have to do is become a tax expert. Preparing for paying fewer taxes in retirement is not easy. All of that tax differed growth from your traditional IRAs faces income tax. Yes, when you take a […]
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