Income

The “bucketing” manner in which you might account for income and assets, as well as the hierarchy it develops, can cause you to save more money for retirement than you actually need.

A primary part of navigating the complicated process of tax planning includes not only considering the source of your income, but also understanding how it can affect the dues you owe Uncle Sam.

This article hones in on utilizing actuarial methodology when it comes to determining how much you can afford to spend in retirement – specifically, through the floor-and-upside approach.

The odds are in your favor when it comes to living longer; however, that also means creating a retirement income stream you don’t outlive is more imperative than ever.

If you had a crystal ball, retirement planning would be much less complicated. Unfortunately, no such thing exists, but there is one thing you can do, which is stress test your portfolio.

One of the most widely-known financial rules-of-thumb is to defer taxes, but what continues to become more evident is that doing so could likely cost you more in the future.

You need your nest egg to last the rest of your life, and one way to help make that happen is via an approach called the “bucket strategy”. Here, your savings are divided into three areas – or buckets – and this article explains the purpose of each one.

Today’s retirees may be unable to match the portfolio-withdrawal rates of those before them, but their amount in assets appears much larger.

Retirement could be the biggest transition you make in life, not to mention the most expensive. At Howard Bailey, we don’t take this lightly, which is why we developed a process.

Within your retirement planning journey, age 62 is the beginning of a crucial transition. If you haven’t already, it’s here you begin to shift your mindset from asset-building to accumulation.

Inflation fear is still surging across national media, and for retirees in particular, it’s easy to see why. In some instances, inflation can pose one of the biggest pitfalls to your lifelong savings, so if you’re feeling the panic, this is your signal to pause.

The four percent rule has been around for over two decades, which begs the question: Does it still hold any truth for today’s retirement planning strategies?