Anyone who wants to avoid tax and receive tax-favored lifetime income on the sale of an unencumbered rental property is a potential candidate for a charitable remainder trust, or CRT.
The process I use to assist clients with preparing for the financial and personal challenges associated with retirement extends well beyond simply recommending investments. It’s about them.
An important, although unplublicized, benefit of fixed income annuities is protection against elder fraud.
While you may be financially prepared to retire, your ability to successfully transition from the workplace to retirement will be dependent upon planning for three important nonfinancial factors.
A Tax Credit Longevity Annuity Plan, or TCLAP, would create tax-favored private pension plans while also providing for long-term care benefits.
I recently did a Google search, “How much do I need to retire?” This is obviously a popular query since it returned 19,600,000 results. After scrolling past the ads, I began clicking on the responses. Excluding retirement calculators, here’s a summary of the top five answers: Yahoo Answers – Best Answer: $750,000 Fidelity: Save at…
Although 401(k) and pension plans are retirement plans, only a pension plan is designed to provide a known monthly income stream which is generally payable for life.
Investment in a volatility ETF is a market timing play that’s unsuitable as an investment strategy for most individuals planning for retirement or who are already retired.
If you rely on life expectancy as the basis for all of your retirement planning decisions, there’s a 50% chance that you’re projected to outlive your assets.
Generally speaking, your retirement age shouldn’t be dictated by any single financial or nonfinancial variable. This includes your Social Security full retirement age which is but one cog in the ever-turning wheel of retirement planning.
If you have a sustainable income need and it isn’t immediate, one or more nonqualified deferred income annuities can provide a unique tax-favored solution.
There are six deficiencies of 401(k) plans compared to defined benefit pension plans that transfer the retirement accumulation and retirement income planning responsibilities from employers to employees.
Fixed income annuities can be purchased in retirement plans to provide sustainable lifetime income that can better meet one’s retirement needs than unpredictable and fluctuating required minimum distributions, or RMDs.
I was recently looking at the results of one of the key word searches that I routinely perform, “retirement survey.” The first two, both of which are headlines of articles in widely-read publications, are as follows: Younger Americans are the Most Optimistic About Retirement, Study Shows Older Workers Feel on Track for Retirement. Are They?…
The basic purpose of a retirement income plan is to develop tax-efficient strategies that are designed to provide predictable income streams to meet an individual’s or family’s financial needs during different stages of retirement. A comprehensive plan should also include provisions for addressing potential life-changing experiences. One such event that’s generally associated with the latter…
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