Income

Staying at the forefront of your retirement tax plan means becoming educated about tax strategies available at your fingertips. One of those strategies involves a Net Unrealized Appreciation (NUA).

Risk tolerance questionnaires can be a great starting point in determining how conservative your retirement investment strategies should be; however, they’re not the main solution.

If you’re having second thoughts about your Social Security claiming strategy, the good news is, “do-over” options exist.

If you’re worried about the future stability of Social Security, rest assured, the outlook still looks positive.

Inflation continues to circulate headlines and ignite fear of an unpredictable future, but the good news is, a well-rounded retirement plan can weather the storm (short-term or not).

You need a strategic, customized plan to get yourself to retirement, but you also need a plan for what lies beyond.

Deciding when to claim your Social Security benefits can have a large impact on your retirement income, and many individuals aren’t making the most of it. In fact, only about four percent of retirees are making the optimal Social Security claiming decision, which results in a loss of about $2.1 trillion in wealth.

As past podcast guest, David McKnight, says, “The tax train is coming,” and we should all be ready. Experts believe tax rates will increase with each passing year, and on top of that, President Biden has proposed bills that would raise both corporate taxes and the long-term capital gains rate tax for anyone making more than $1 million per year.

Many retirees wonder if their lifelong savings will last the long-run, and you might be one of them. Feeling confident in the stability of your retirement plan includes honing in on your income, and this article highlights two questions to ask yourself while doing so.

Having a checklist to navigate a successful retirement helps provide structure and financial confidence, which is also why we developed our proprietary planning process, the Retire With Purpose Framework. This article, however, provides another perspective, and it’s one you might benefit from reviewing too.

Which accounts do you pull from first when it comes to your retirement income stream? It’s a question many retirees stress over, but in the grand scheme of things, might not be worth all the worry.

We might not truly know what our financial future looks like, but the good news is, retirees are still managing to successfully recognize their income needs, even when it means stretching researched rules.