Many retirees have multiple streams of income from different accounts. How and when you decide to start taking withdrawals from these accounts impacts what you pay in taxes. The rules can be a bit complicated and it’s not uncommon for retirees to incur penalty fees for making mistakes. These are some strategies for avoiding penalties …
5 Tips to Reduce the Tax-Impact of Retirement Account Withdrawals Read More »
If you are planning for retirement, you may have heard of the “4% rule”. This guideline, which was created in the 1990s by a respected financial advisor by the name of William Bengen, states that retirees can withdraw 4% of their total savings each year, adjusted for inflation, and not run out of money in …
What Is The 4% Rule For Retirement Withdrawal Strategy? Read More »
Many people are concerned about not getting a regular paycheck anymore once they retire. They are also concerned that a market downturn could wipe out a significant portion of their nest egg. Some insurance companies offer contracts called annuities, which allow a consumer to create a consistent stream of income in retirement. Some types of …
Some Pros and Cons of Fixed Indexed Annuities (FIAs) Read More »
Life insurance is an essential consideration for anyone whose income supports someone else. There are a variety of types of life insurance policies, and the distinctions can be a bit confusing. Fixed indexed universal life insurance (FIUL) is a popular type of permanent life insurance that includes a savings element. This policy has the potential …
