Retirement

Qualified Plans Give Your Retirement Savings Asset Protection from Creditors

Updated: 2012-06-30 12:21:25

One benefit that your qualified plans (protected by ERISA) give you is a certain amount of protection from creditors for your retirement savings. The government created the tax deductable and tax-deferred attributes of qualified plans as an incentive for people to save for their retirement years. Protection of these retirement accounts from creditors is also a benefit - and one [...]

How to Allocate Retirement Savings for Safety

Updated: 2012-06-30 12:16:44

If you're nearing retirement, stick to your retirement savings plan. And that includes timely investment allocation to help assure you achieve your goals. Don't let what happened to Joe and Jane happen to you. Joe and Jane both saved well during their working life. They had created a business together, eliminated all their debt, and managed to build up $750,000 [...]

Jun 29, Baby boomer golf

Updated: 2012-06-29 21:06:22

Baby boomer golf, as more boomers retire more will play golf

Update 2 – Look Ma, No car!

Updated: 2012-06-29 02:52:22

Current net worth: 49 years worth of expenses. Annual withdrawal rate: 2.1% As promised in the last update something significant happened. We decided to sell our car (why pay for something that’s parked most of the time?) but more about that later. First some service announcements: Once again, we need to remember that in terms [...]

A Retirement Income Tax Savings from Low-Taxed Dividends

Updated: 2012-06-29 01:31:40

Income from financial savings help retired persons fill out their retirement income needs. Typically, the well-to-do have chosen municipal bonds for their tax-free income. However because of their tax-free condition, municipal bonds usually pay a substantially reduced rate of interest than ?taxable? corporate bonds. However whether well-to-do or not, all retired persons need tax savings. Other income-based investments are generally [...]

Don’t Make These Retirement Planning Mistakes

Updated: 2012-06-28 11:43:46

While many Americans have spent years on their retirement planning, a great many of them have made a basic discovery once they reach that plateau; namely, that there are some issues that simple math and time will not necessarily resolve. If you are at or near retirement age, here are several common mistakes that you can plan now to avoid. [...]

Don’t Lose Tax Savings by Rolling Your ESOP Stock in your Individual retirement account

Updated: 2012-06-27 23:31:16

Once you retire, you might decide to rollover your company-related certified strategy holdings into an Individual retirement account. You obtained a tax deduction for your contribution to these strategies, therefore you will pay ordinary income tax rates when you withdraw them out of your IRA. Nevertheless, in the event you bought your organization stock via a qualified strategy, you can [...]

ETFs Might Provide Tax Savings

Updated: 2012-06-27 22:58:19

During the last couple of years, a brand new variety of mutual fund has become accessible to investors looking for liquidity and reduced costs. These finances, known as exchange-traded funds (ETFs), trade on the major exchanges and act similar to stocks, except that they offer similar diversity and professional management accessible in conventional finances. More than seven hundred different exchange-traded [...]

Critical Ages in Your Retirement Planning

Updated: 2012-06-27 22:39:15

Retirement planning involves years of savings to accumulate benefits to use throughout your retirement years. The government promotes tax advantaged retirement savings for both companies and individuals; but it has rules you must follow. It prescribes key retirement age "checkpoints" - to frustrate early use of those savings and then forces their use in retirement. Its Social Security and Medicare [...]

Save Tax Now- Convert to some Roth IRA

Updated: 2012-06-27 19:37:38

The Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA) was signed into law in 2006. It eradicated income restrictions for doing Roth conversions for 2010 and after. Therefore now anyone could make the conversion and save tax and also the window may be closing to do this most reasonably. In the event the authorities raises tax rates, a essential [...]

Watch Out for Retirement Plan Penalties and Taxes When You Withdraw

Updated: 2012-06-26 23:40:25

If you planned to retire in 5 years, but have hit hard times, you may be tempted to dip into one of your retirement funds. Don't unduly damage your retirement plan by randomly grabbing a distribution. Qualified retirement plans such as the 401(k), 403(b), 457, and an IRAs offer tax-deferred compounding of your savings which helps them grow faster than [...]

Create a Private Foundation as Your Heritage

Updated: 2012-06-25 17:10:00

If you would like to spend money and time furthering worthy causes think about building a personal foundation . Private foundations may allow you to manage your gifts, save tax, and impart your values to future generations. A rule of thumb suggests a foundation needs to have an annual minimum of approximately $25,000 - from endowments, annual contributions or both [...]