So you’ve saved up around $2 million and you plan to retire in a few years. As you think through tax strategies to get the most out of that money, the option to do a Roth conversion will often be discussed.
So you’ve saved up $1 million and you plan to retire at age 65. You should be good, right? Well, things could go really smoothly or your retirement could go completely wrong if your retirement plan has been mismanaged.
We recently read an article about three things that are causing pre-retirees – people in their late 50s – to freak out, but we quickly realized these three things could make anyone uncomfortable if they’re within 10 years of retirement.
Do you need to take your Required Minimum Distribution (RMD) from each separate account or can you take the total RMD from just one account? This is a common question that we get from people who are planning in retirement, but the answer will depend on a few different factors.
No matter how much you’ve been able to save through the years, there’s one thing that you should know to be ready to retire. So whether you have $500,000 saved up or millions, today’s video will be beneficial because knowing this will help you be able to answer a number of additional retirement questions.
Today we want to talk about how to reduce your 2024 taxes and your 2024 taxable income. Whether you’re still working or you have already retired, the five strategies we’re going to share with you in this video could potentially reduce your taxes by hundreds or thousands of dollars.
Do you want to find out how to reduce or eliminate Medicare IRMAA premium surcharges? Today we’ll explain how IRMAA works and talk about five ways to help you get rid of these surcharges.
The Roth IRA has some incredible tax advantages like tax-free growth and tax-free income in retirement, but you might end up owing money if you don’t follow the rules and requirements in the Roth.
Today we want to share two things that could make your transition into retirement more difficult. We see these things when meeting with people who just want to enjoy their life in retirement, but instead, they are feeling stressed and con-fused.
If you’re getting close to retirement, you might have wondered whether you should start collecting Social Security when you retire. Should you be preparing now to turn it on the month after you reach retirement?