Category Archives: Retirement Income Planning

6 Proven Retirement Income Planning Strategies Beginning at Age 62

Published on January 17, 2022

There are six proven strategies for optimizing after-tax retirement income that can increase the longevity of one’s assets in retirement.

5 Key Financial Metrics When Evaluating a HECM Reverse Mortgage

Published on December 27, 2021

Five financial metrics can be used to analyze the pros and cons of unlocking home equity as part of a retirement income plan.

How to Enjoy a Guilt-Free Retirement

Published on November 21, 2021

David Blanchett and Michael Finke’s research found that annuities may give retirees a psychological “license to spend” their savings in retirement.

Nonqualified Fixed Income Annuities: A Timeless Tax and Retirement Income Planning Opportunity

Published on August 18, 2021

One retirement income strategy that will be virtually unscathed by President Biden’s proposed tax increase is longevity insurance, more commonly known as fixed-income annuities.

RMDs Required Again in 2021

Published on March 9, 2021

If you didn’t take distributions from your retirement plan and IRA accounts in 2020, you may be surprised by your 2021 RMD. Adviser Robert Klein explains how changes to the rules in 2020 will impact you in 2021 and beyond.

Six Stealth Taxes That Can Derail Your Retirement

Published on February 3, 2021

Six stealth taxes can increase your income tax liability and reduce your lifetime after-tax retirement income. Planning for each of them should begin long before and continue throughout retirement.

Should You Do a Roth IRA Conversion After Age 62?

Published on November 23, 2020

Planning the timing of your Roth IRA conversion carefully cannot only reduce taxable inome but manage Mediare premiums.

Contribute Your 2020 RMD to a Roth IRA

Published on April 20, 2020

Although you can rollover, or return, your 2020 IRA and other retirement plan February 1st to May 15th distributions as a result of the 2020 waiver of RMDs, there’s another strategy that you can use to reduce future years’ income tax liability and optimize lifetime after-tax distributions for you and your heirs.

2020 Required Minimum Distributions Waived

Published on April 6, 2020

Use the CARES Act waiver of 2020 required minimum distributions as an opportunity to optimize your retirement income plan.

The Roth IRA Conversion Trifecta

Published on March 30, 2020

As a result of a series of three events, there’s an unprecedented opportunity to do a sizable Roth IRA conversion this year.

5 Lifetime Valentine’s Day Gifts for Your Spouse

Published on February 11, 2020

Here are five unique ideas that are designed to benefit you and your spouse over your lifetime. A word of caution: Brush up on your presentation skills since each one will likely be met with dead silence and/or outrage depending upon your spouse.

7 Reasons to Start a Staged Roth IRA Conversion Plan Today

Published on September 17, 2019

One underutilized strategy for optimizing the longevity of assets when planning for retirement is a staged, or multi-year, Roth IRA conversion plan. There are seven reasons to start this type of plan today.

Is Your Widow(er) Included in Your Income Tax Plan?

Published on August 6, 2019

A surviving spouse who has the same, or even less, income will often be subject to higher federal, and potentially, state, income tax liability.

Uneasy About the “A” Word? You’re Not Alone

Published on May 14, 2019

When presented in the context of retirement income planning, fixed income annuities have proven to be the most appropriate and natural commercial solution for providing sustainable lifetime income.

Roth Solo 401(k) Makes More Sense Than Ever

Published on March 19, 2019

Lower tax rates under the new income tax law, combined with the likelihood of higher tax rates in the future, support a Roth solo 401(k) contribution strategy.