If you are one of the millions of Americans with a retirement-savings account, three of the most important letters in your financial life might be these: RMD. They stand for required minimum distribution, which is something that the nation’s baby boomers now need to grapple with for the first time. It refers to an annual […]
Everything You Need to Know About Required 401(k) and IRA Withdrawals Read More »
This tax season, taxpayers across all income levels looking to reduce their tax burden may overlook opportunities that they or their advisors are unaware of. Read the rest of the story. Have questions? We can help! Contact us at 407-869-9800 or click here to send us your request.
15 Most Overlooked Tax Deductions: 2017 Read More »
Required minimum distributions first. Taxable accounts next, followed by traditional IRAs and 401(k)s. Roth IRAs and 401(k)s last. That’s the standard sequence for tax-efficient portfolio draw down during retirement. The overarching thesis is to be sure to tap those accounts where you’ll face a tax penalty for not doing so (RMDs) while hanging on to
Don’t Be Dogmatic About Retirement-Portfolio Withdrawals Read More »
BlackRock, the world’s largest money manager, recently asked a group of Americans in defined-contribution plans, such as 401(k)s, how they’re fixed for retirement. Most said they’re on track to kick back in comfort. Are they crazy? Read the rest of the story. Have questions? We can help! Contact us at 407-869-9800 or click here to send
Think You’re Set for Retirement? Don’t Get Too Comfortable Read More »
Under the original rules for Social Security, workers became eligible for a benefit upon reaching their full retirement age of 65, with a slight increase in benefits if the worker delayed until as late as age 70. However, full retirement age itself has always been a moving target. It was pushed from 65 to 67 in
How Social Security retirement age rules impact clients Read More »
If you are one of the millions of Americans with a retirement-savings account, three of the most important letters in your financial life might be these: RMD. Read the rest of the story. Have questions? We can help! Contact us at 407-869-9800 or click here to send us your request.
Everything You Need to Know About Required 401(k) and IRA Withdrawals Read More »
In 2015, the Internal Revenue Service audited only 0.84% of all individual tax returns. So the odds are generally pretty low that your return will be picked for review. That said, your changes of being audited or otherwise hearing from the IRS escalate depending on various factors. Read the rest of the story. Have questions?
9 IRS Audit Red Flags for Retirees Read More »
Congress has periodically looked at the idea of simplifying tax-sheltered savings, but for now investors have to wend their way through a dizzying maze of tax-advantaged investment wrappers
IRA, 401(k), 529: What’s the Best Tax-Sheltered Account Type for You? Read More »
They’re questions nearly every young and middle-aged worker has asked themselves: Should I leave my job and retire early? What would I need? How do I know I’m ready? If you’re considering retiring early, you’ll forego not only the headaches of working, but also the additional money earned that could have made your retirement even
6 Signs You’re Ready to Retire Early Read More »
Wealthy people usually aren’t born that way. Most spend their lives amassing their fortunes by working hard, spending little, saving a lot and investing wisely. It may sound like a simple strategy, but the fact that the vast majority of Americans fall short of millionaire status proves that it’s easier said than done. Read the
10 Reasons You Will Never Be a Millionaire Read More »
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