5 Retirement Withdrawal Strategies to Be Aware Of
Once you retire, it’s likely that you’ll need to rely on retirement accounts to boost your finances. For this reason, you need a solid retirement plan in place. A retirement strategy consists of six steps: determining time horizons, estimating expenses, calculating after-tax expenses, assessing risk tolerance and estate planning. As part of this, you’ll also […]
Is Life Insurance Taxable? Let’s Break It Down
According to Bankrate, over 54% of Americans have life insurance. While stable, this figure indicates a downward trend in the number of people applying for life insurance. Policy Genius shows that Americans purchased 27.80 million policies in 2018. This is much lower than in 2001 when life insurance purchases numbered 40.1 million policies. Let’s take […]
6 Sources of Retirement Income
Many people look forward to giving up the nine to five daily grind and living life at a slower pace in retirement. However, what you may not consider is how you’ll finance that slower pace. Without a job, obtaining a comfortable regular income may seem challenging. However, there are many different ways to fund your […]
States That Do Not Tax Retirement Income + 3 Things to Know
Many of us start thinking about retirement in the decades before the big day arrives. The further out you start thinking about it, the more financially prepared you may be for it. As you start saving money and pondering your ideal retirement location, take a moment to consider the following information, as what you plan […]
