Category: News – You Need To Know…

How to plan your income withdrawal strategy with taxes in mind. Retirement should be a time of freedom—from deadlines and piles of to-dos. But you likely won’t be free of taxes. Although you won’t incur payroll taxes if you’ve stopped working, you will likely continue to owe other taxes on…

Tax-free growth potential and tax-free withdrawals in retirement—the tax benefits of a Roth IRA are clear. If you aren’t able to contribute to a Roth IRA because of the income limits, a Roth conversion for eligible retirement accounts is another way to have a Roth account. But, does it make…

After working hard to build your retirement savings, don’t let taxes take a big bite out of them. Chances are you contributed to a 401(k) or IRA as you saved for retirement. Now the time has come to use that money. Withdrawing from your retirement savings with an eye toward…

Get answers to questions about eligibility, choices, costs, and when and how to sign up. 1. When am I eligible? Normally, your health insurance coverage under Medicare begins when you reach age 65. However, you also may be eligible for Medicare at any age if you are diagnosed with end-stage…

Chances are you’ve thought about retirement quite a bit over the years, whether you’ve fantasized about how you’ll spend your time or fretted about your 401(k) balance. If you’re like most, though, you may be a little fuzzy about what your retirement will really look like. At some point, however,…

“What are capital gains?” you might wonder. When you hear the phrase, you probably assume it applies only to wealthy investors—you know, those folks who can sit back and let their stock market payouts fund their mansions and yacht rides. But the truth is, the minute you invest in almost anything…

Four tax-savvy strategies that can help you make the most of your giving this year. As the holidays approach, many people look for ways of combining their desire to help the causes they believe in with their desire to save on taxes. For the charitably inclined, there are strategic ways…

Contemplating retirement can either have you dreaming of days filled with island getaways—or it can put a tremor in your lip as you wonder whether you’ll have enough to live on. We know: Between staying on top of monthly bills, paying down debt and saving up for your kids’ education,…

Plan ahead and make health care costs part of overall retirement planning discussions. Your retirement plans probably focus on doing some things you’ve had to put off during your working years. But you should also take into account the financial aspects of retirement, and that means planning for health care…

You saved smartly for retirement—contributing to a traditional 401(k)s or IRA to give your savings the chance to grow tax deferred until you retired. Now the time to take that money out is here. Every year, once you are age 70½ or older, you generally need to withdraw a certain…

 The cynical question of “Term or Perm” gathers much attention and opinion. Unfortu-nately, the question can only be answered in the context of need; this includes per-sonal and business. In my opinion, Whole Life Insurance is a time honored tool that has a place in the financial advisory and planning…

Q: I’m 72 and I have a very small pension. I’d like to buy an immediate annuity to supplement my income. How do I figure out how much I should invest in the annuity? A: A good way to calculate how much to invest is to add up your regular…