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Financial Planning
Weekend Reading: How Much Income Will Your 401(k) Provide?
A new rule in the SECURE Act could help you clarify just how much retirement income your 401(k) might produce in retirement, but it comes along with limitations.
Weekend Reading: Will the Real Retirement Income Number Please Stand Up?
Some say four percent, others say 3.5 percent and the list continues on. The debate over a safe withdrawal rate in retirement is ongoing. You don't want to leave too much on the table, but you also don't want to run out of money.
Weekend Reading: Worried About Passing Down a Big IRA? Consider a CRT
You might have heard the term 'Tax Time Bomb' and its relation to your IRA, especially after the passage of the 2019 SECURE Act. If you're planning on leaving a legacy to loved ones in the way of your IRA, having control of how those lifelong savings are dispersed has become more complicated. Learn more about how utilizing a Charitable Remainder Trust (CRT) could help maximize the future inheritance for your heirs.
Weekend Reading: Right-Sizing Retirement: Exploring the Retirement Consumption Gap in Early Retirement
Are you over-saving for retirement? Are you under-spending once you get there? There’s a sweet spot for funding your retirement, but the reality is that many retirees haven’t found it.
Weekend Reading: Avoid These 4 Common but COSTLY Retirement Income Mistakes
Your income throughout retirement no longer comes in the form of a bi-weekly check from your employer. It’s now up to you (and your trusted financial planner) to ensure you have a consistent stream of money that lasts the rest of your life.
Weekend Reading: Introducing a Hierarchy of Financial Wellness
What if you viewed your financial wellness as a tiered pyramid, with layers that played into your overall financial security?