Tag: retirement strategy

Selecting beneficiaries for retirement benefits is different from choosing beneficiaries for other assets such as life insurance. With retirement benefits, you need to know the impact of income tax and estate tax laws in order…

Throughout your career, retirement planning will likely be one of the most important components of your overall financial plan. Whether you have just graduated and taken your first job, or are starting a family, enjoying…

Planning your retirement income is like putting together a puzzle with many different pieces. One of the first steps in the process is to identify all potential income sources and estimate how much you can…

Social Security benefits could be a key component of your retirement strategy. You may want to consider how your claiming age could affect the size of your benefit. Age 62 — You will receive a…

Life insurance could play an important role in your wealth-preservation strategy.Although many people allow their life insurance policies to lapse as they get older,there are good reasons to maintain coverage. The most obvious reason, of…

People and Papers When Creating An Estate Plan To develop a comprehensive plan, you will need certain key documents and the guidance of a professional team. The advisors you choose and the documents you require…

The IRS uses your “combined income” to determine taxability of benefits. If your income exceeds certain income thresholds, you may owe federal income tax on up to 50% or 85% of your Social Security benefits….

The Bipartisan Budget Act of 2015 made some changes to the rules for claiming retirement and spousal benefits. Deemed Filing New rules: Deemed filing now applies to everyone, even those who are full retirement age…

Contributing to an employer-sponsored retirement plan or an IRA is a big step on the road to retirement, but contributing to both can significantly boost your retirement assets. A recent study found that, on average,…

Each day, millions of parents, children, siblings, and spouses selflessly sacrifice their time and energy to care for family members affected by illness, injury, or disability. Their efforts help meet numerous social, financial, nursing, and…