Roth Solo 401(k) Makes More Sense Than Ever
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.
Category Archives: Retirement Income Planning
Leverage Your Assets for Retirement
When you buy a house, typical financing is a mortgage equal to 80% of the purchase price. This enables you to purchase a much more expensive home than you would otherwise be able to do without the mortgage. The goal is to increase your equity in the property over time through a combination of paying down the mortgage and appreciation.
How to Avoid Tax and Receive Tax-Favored Lifetime Income on the Sale of a Rental Property
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.
Which Investments Do You Recommend?
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.
Protect Against Elder Fraud with Fixed Income Annuities
An important, although unplublicized, benefit of fixed income annuities is protection against elder fraud.
Why Aren’t You Retired?
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.
The Perfect Storm for a Tax Credit Longevity Annuity Plan
A Tax Credit Longevity Annuity Plan, or TCLAP, would create tax-favored private pension plans while also providing for long-term care benefits.
Do You Have Enough After-Tax Income to Retire?
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…
A 401(k) Plan Isn’t a Pension Plan
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.
Volatility ETFs are Too Volatile
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.
Life Expectancy: Err on the Optimistic Side
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.
Should Your Retirement Age be Dictated by Your Social Security Full Retirement Age?
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.
Are You Using This Tax-Favored Sustainable Income Strategy?
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.
6 Deficiencies of 401(k) Plans
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.
Replace Unpredictable RMDs with Secure Lifetime Income
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.
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Advisory services offered through Retirement Income Center, a Registered Investment Advisor
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