"Think Advisor" Articles
Weekend Reading: 10 Ways Secure 2.0, Part of Spending Bill, Changes Retirement Planning
Retirement provisions in the recently passed SECURE 2.0 Act offer new planning opportunities for today’s retirees, even more so than the original 2019 SECURE Act.
Weekend Reading: Why Advisors Should Rethink the ‘M’ in RMD
Here’s a simple tax saving strategy: Take more than the minimum of your RMD and leverage that withdrawal before it must be taken.
Weekend Reading: 4 Retirement Planning Moves That Can Yield Big Tax Savings
Many individuals underestimate the impact Uncle Sam can have on your decades’ worth of savings, so to proactively protect your dollars, have a strategy in place; plus, keep some of these principles in mind.
Weekend Reading: Delaying Taxes in Retirement Isn’t Always Best, Award-Winning Paper Shows
Based on a recent paper titled “Seeking Tax Alpha in Retirement Income” by James DiLellio and Andreas Simon, the “common rule” when it comes to retirement account withdrawal strategies needs to be reworked.
Weekend Reading: Why Fixed Indexed Annuities Are Back
Within the past year, one-year caps on FIA strategies have doubled from five percent to 10 percent.
Weekend Reading: Ed Slott: Hold Off on Backdoor Roths, and More Tips for Tax Season in 2022
With new tax and retirement legislation looming ahead, it’s more important than ever to be proactive when it comes to your tax efficiency.
Weekend Reading: The Hidden Hazards of Taking a Social Security Lump Sum
When it comes to deciding whether you should claim Social Security benefits at Full Retirement Age (FRA), or delay and receive credit, several factors come into play which you should be aware of.
Weekend Reading: How to Help Clients Maximize Social Security Benefits
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.
Weekend Reading: Kitces: The Big Problem with 'Risk Tolerance'
Retirement portfolio risk is a complex topic, and one of my favorite financial experts, Michael Kitces, is revealing why.
Weekend Reading: Long-Term Care: Which Retirees Will Need It, and How Much?
Wondering if you’ll need long-term care in retirement? A new study by the Center for Retirement Research at Boston College reports that at a high level, about a quarter of retirees will require long-term care, while 20 percent will not.