For some people, planning for retirement can feel like trying to eat an elephant; but, it doesn’t have to be that way. Before making big decisions, it’s always important to get the ducks lined-up first.
Have you tried to call Social Security lately? If so, this won’t come as much of a surprise – customer service is all but non-existent.
RMD age hikes may not be the blessing you think. The question just might be who is more secure? Retirees or future government spending?
Managing inherited money isn’t as simple as depositing the check and picking some sure-fire investments.
Retirement decisions can be momentous. Which year you would have remembered would depend on if you retired back then… and which year!
No investment strategy is without some kind of risk; but, I think this comes close. Take a look:
The annual Social Security trustees’ report is to advise Congress on the financial condition of the Social Security system over the next 75 years. If they project that 100% of benefits will be paid, it’s said to be in balance and no action will be needed. If they project a shortfall, they call on Congress to fix the problem by either raising taxes, cutting benefits, or some combination of the two.
Congress labeled it the SECURE Act, because it’s a better sell to the public. But, what Uncle Sam really wanted to do was make their spending programs more secure – hence, securing reelection.
Tax Planning doesn’t stop at retirement. In fact, tax planning is important for optimizing retirement income – and it changes during all four stages of retirement.
Good question. Whether or not you should roll-over your retirement funds to an IRA….. it depends (#1 in the consultant’s handbook of responses).
