Retirement Archives - The Independent Financial Group

Which is Better: An IUL or a Roth IRA?

When it comes to building a solid financial future, finding the right investment vehicle can be a daunting task. Comparisons are often made between an IUL (Indexed Universal Life Insurance) and a Roth IRA (Individual Retirement Account) as a choice between getting life insurance or investing in the stock market. While an IUL can give the appearance of doing both; however that’s not really the case – and, often, this can lead to unrealistic expectations.

June 6, 2023

How Can You Make Your Retirement Money Last?

Making your retirement nest-egg last through retirement isn’t easy. Company pension plans have all but disappeared, which means it’s now up to you to be your own actuary. Unfortunately, it’s not something many are equipped to do.

May 4, 2023

A Tax Trap That Catches Many By Surprise

Tax planning through retirement is important; and failing to do it through all four stages of retirement can prove costly because some of the tax traps are permanent. Here’s an example:

April 17, 2023

What Baby Boomers Need to Know About Social Security in 2023!

Social Security claiming decisions aren’t as simple as they may appear. The decisions you make for yourself can impact your spouse, your future taxes, and even the bite Medicare premiums take from your Social Security benefits.

April 11, 2023

SECURE Act 2.0 and How Tax Law Changes Might Change Your Plans.

The SECURE Act includes roughly 100 new rules for retirement affecting both individuals and businesses – all with tax implications and various effective dates. These are the most expansive changes to retirement rules in 40 years.

March 31, 2023

Should You Take Social Security Early and Continue to Grow your IRA?

Many people believe they should take Social Security early in order to keep from drawing down IRA assets, believing that the longer they can grow the IRA tax-deferred, the better off they’ll be.
Are they wrong? Maybe. Maybe not. Different people are in different circumstances.

March 20, 2023

What’s New for Social Security in 2023?

There have been some changes to Social Security this year.

March 16, 2023

The Big (Expensive) Rollover Mistake Some People Make

At retirement, some people receive a check from their employer for their 401(k) balance and write a check for deposit into their IRA before the 60-day deadline, just like they were told, to avoid any problems with the IRS. They’ve met the deadline. The money is now in their IRA. They’re clear and the rollover is complete…. or is it?

March 14, 2023

What People Get Wrong About Retirement Rollovers

Here’s what people get wrong when making rollover decisions.

February 27, 2023

Retirees’ Biggest Decision? It’s Still When to Claim Social Security.

Too many seniors still take the Social Security claiming decision too lightly – it’s a mistake that can cost them tens, if not hundreds, of thousands of dollars of retirement income during their lifetimes. And, often, the decision is made based on false bias or assumptions rather than a solid planning strategy.

February 15, 2023

Category: Retirement

Which is Better: An IUL or a Roth IRA?

How Can You Make Your Retirement Money Last?

A Tax Trap That Catches Many By Surprise

SECURE Act 2.0 and How Tax Law Changes Might Change Your Plans.

The Big (Expensive) Rollover Mistake Some People Make

What People Get Wrong About Retirement Rollovers

Most Popular:

Which is Better: An IUL or a Roth IRA?

Uncle Sam’s Greed and Your Retirement: Should You Go All-In on Your 401(k)?

How Can You Make Your Retirement Money Last?

A Tax Trap That Catches Many By Surprise

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Jim's Money Blog

Which is Better: An IUL or a Roth IRA?

Uncle Sam’s Greed and Your Retirement: Should You Go All-In on Your 401(k)?