Medicare is a federal health insurance program created in 1965 to help pay medical costs incurred by people over the age of 65, people with certain disabilities, and people with end-stage renal disease. [Read more…]
The Roth 401(k)
The Roth 401(k)
Some employers offer 401(k) plan participants the opportunity to make Roth 401(k) contributions. If you have access to this option, Roth contributions could play an important role in helping enhance your retirement income. [Read more…]
Retiring in a Volatile Market
Retiring in a Volatile Market
Retirement during a volatile market is unsettling. Whether you are on the cusp or have already made the leap, a market downturn’s impact on your savings will be felt now and potentially for years to come. [Read more…]
A Social Security Primer
A Social Security Primer
When to claim social security benefits is one of the biggest questions when thinking about retiring. Your retirement income will likely come from various sources, and each will fit into your financial plan in different ways. [Read more…]
Tax Planning for Retirement
Tax Planning for Retirement
Tax planning for retirement is different from the strategies you deploy to minimize taxes while working. You’ll be using your investments for income, and the way they are taxed is different depending on the type of account you hold assets in. [Read more…]
Avoiding the Medicare Surcharge
Avoiding the Medicare Surcharge
Reaching Medicare eligibility solves one of the most expensive retirement problems for many retirees: healthcare. Once you’ve made the adjustment and selected all the various Parts and plans, the convenience and affordability of Medicare are one of the benefits of turning 65. [Read more…]
Value Your Business Like It’s Your Retirement Plan, Because it Is
Value Your Business Like It’s Your Retirement Plan, Because it Is
Building a successful business can take decades. While working to grow, it’s common to use all available assets above the salary you pay yourself to fund future expansion. [Read more…]
Small Business Retirement Plans
Small Business Retirement Plans
Small companies shouldn’t forgo retirement savings just because a 401(k) plan can be expensive to set up and maintain. [Read more…]
Planning for Retirement with Equity Compensation
Planning for Retirement with Equity Compensation
Stock options and restricted stock units (RSUs) are becoming more common as part of a total compensation package. But there are differences between saving for retirement from salary and incorporating stock into a retirement plan. [Read more…]
Roths as a Retirement Strategy: Locking the Backdoor?
Roths as a Retirement Strategy: Locking the Backdoor?
Roths as a Retirement Strategy: Locking the Backdoor?
Roth conversions have become an essential part of the retirement toolkit. They allow investors with retirement savings in a Traditional plan to pay the taxes they deferred when they contributed and then have tax-free growth and more flexibility in income planning throughout retirement. Unlike investing in a Roth directly, there are currently no income limits. [Read more…]
