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Beware of Tax Torpedoes and the IRMAA Cliff

Tax traps are waiting. Did you it’s possible to be smack in the middle of the 22% tax bracket, yet taking an additional $1,000 in income could make that additional money taxable at 40%? It can happen to some taxpayers. In fact, there are other pitfalls many aren’t aware of, as well.

April 11, 2022

Planning Retirement? Think Hard. Stuff Happens.

Remember 1966? What if you retired then? Would it have made a difference if you retired in 1967 instead? Can you time retirement? If not, how do you reduce your risk when there’s no time to rebuild all over again?

March 28, 2022

Retirement Planning with Rising Rates and Inflation

Retirement planning was much easier during working years than the challenge of managing after retirement. During the working years it’s relatively simple: just keep stashing money into your retirement plan and let the markets, over decades, do the rest!

February 22, 2022

529 vs Roth IRA: Which is Better for College Savings?

We’ve all been conditioned to believe the well-known 529 plan is the “designated” college savings vehicle – people tend to think of it automatically when planning.

January 27, 2022

Roth Conversions Can Be Advantageous, but Not for Everyone.

There may be times when a Roth conversion may be advantageous; but there are others when it may not be your best move.

January 4, 2022

Good News: Social Security Isn’t Going Broke.

However we’re not out of the woods….

November 29, 2021

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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

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

Jim's Money Blog

Which is Better: An IUL or a Roth IRA?

June 6, 2023

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.

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

May 19, 2023

Given the size of our growing national debt it’s no wonder so many people believe taxes will be higher in the future. We have an ageing population and there are a number of factors at work: There’s the annual deficit plus money needed to fund Medicare and Social Security, just to mention a few.

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