Tax-deferred growth is the winning feature of retirement accounts — traditional IRAs, SEP-IRAs, SIMPLE IRAS, SARSEP IRAs, Roth IRAs, 401(k)s and the like. But, except for distributions from a Roth IRA, you can’t defer income taxes forever. In fact, upon reaching age 72, the IRS requires that you start withdrawing as ordinary income a portion of the money in your... View Article
There are plenty of best practices for growing your money in a 401(k), but in this article, we tackle the rules related to the age at which you can withdraw from 401(k) plans. By withdrawal, we mean taking money out of the plan (preferably gradually), paying your taxes on the withdrawal amount, and spending it. A rollover to an IRA... View Article
Social Security widow and widower benefit rules are complex. The maximum amount of Social Security survivor benefits you are entitled to rests on a host of variables, including your age, the age of the deceased, and how old your spouse was when they began their benefits. Below we lay out the rules. Then we go through a practical example of... View Article
You’ve thought about retirement for years. Now, here you are getting close, and you feel… anxious, nervous, and for some, even terrified. After putting away money for so long, the thought of spending that savings makes all kinds of questions race through your mind. What if the market goes down? What if you don’t have enough? What if a health... View Article
It may be hard to believe, but not everyone wants to retire. However, for those who do, the most common question is, “How quickly can I make retirement happen?” Once you’re ready to retire, it seems the last day of work can’t come soon enough. We’ve worked with many folks who even keep a retirement countdown app on their phone,... View Article
There is a difference between a retirement planner and a financial planner in the same way there is a difference between a cardiologist and a family practice doctor. They both start with the same basic training, but one has gone on to become a specialist. Financial planners are trained to help you accumulate and invest your money. Retirement planners have... View Article
How do your services work? We begin by developing a comprehensive, customized plan delivered over a series of approximately three meetings each spaced about 2-3 weeks apart. We call this a Juicing® Plan – the process is designed to help you “squeeze” more out of your money. Your financial plan projects how well prepared you are to meet your retirement... View Article
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