Navigating Required Minimum Distributions (RMDs) and Their Impact on Tax-Free Income
When you’re getting ready to retire, things begin to change quite a bit in how you handle your money. One big change to prepare for is the onset of Required Minimum Distributions – commonly called RMDs – when you hit age 72. It’s critically important to understand how RMDs work so that you can meet […]
The Most Important Math Equation of Your Life: Solving for Guaranteed Lifetime Income
The following information on guaranteed lifetime income planning is adapted from Tax-Free Income for Life, by David McKnight. There’s a massive X factor when it comes to retirement planning: you simply don’t know how long you’re going to live. You’re trying to solve the most important math equation of your life, and you’re missing the […]
Understanding the Role of Fixed Annuities in Securing Lifetime Income
As you step into retirement, you’ll have a crucial need for financial stability and a dependable income. That’s why fixed annuities are a notable consideration for this element of your retirement plan. Let’s break down what these annuities are all about and discover how they can help to form a rock-solid foundation for securing steady […]
What You Should Know About the Three Percent Rule – Part II
In our last article, we shared how the so-called Three Percent Rule – a commonly known retirement withdrawal strategy – came to be. However, at the end of the article, we also teased that this strategy has several disadvantages. Getting your retirement withdrawal rate right is critical to ensuring you don’t outlive your nest egg, […]
Exploring the Impact of Early Retirement Withdrawals on Portfolio Longevity
Retiring early is a goal for many people, promising a long life of flexibility and personal pursuits. However, the financial dynamics of early retirement, particularly the implications of withdrawals on the longevity of your investment portfolio, demand thoughtful exploration. In the article below, we’ll take you through the intricacies of early retirement withdrawals and their […]
Maximizing Social Security Benefits: Timing and Tactics for Retirees
As you embark on the journey of financial planning, one crucial aspect you’ll need to consider is Social Security. Navigating the intricate landscape of Social Security benefits requires a thoughtful approach because there is no one-size-fits-all strategy. You’ll want to consider not only when to claim but also employ strategic tactics aimed at maximizing Social […]
