Retirement Plans in 2023: Choosing the Right Account
Retirement planning can easily be overlooked while juggling your career, raising children, paying off debt, and enjoying today. In fact,...
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RetirementGuy
Jan 26, 20231 min read
In Retirement Planning, What’s Your Retirement Personality?
When presenting a plan to a new retirement planning client, sometimes it resonates, and sometimes I get a blank look in response. I can...
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RetirementGuy
Jan 18, 20231 min read
10 simple investments that can turn your portfolio into an income dynamo
Many people are good at saving up money for retirement. They manage expenses and build up their nest eggs steadily. But when it comes...
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RetirementGuy
Jan 12, 20231 min read
The seven deadly sins of retirement planning
Retirement planning is complex and multi-faceted, and the strength of any retirement plan rests heavily on the robustness of the...
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RetirementGuy
Jan 12, 20231 min read
You Just Got More Control Over Your Retirement Account: Delayed RMDs and Beyond
Like the previous retirement bill passed in 2019, SECURE (Setting Every Community Up For Retirement Enhancement), Secure 2.0 is based on...
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RetirementGuy
Jan 12, 20231 min read
New RMD Rules: Starting Age, Penalties, Roth 401(k)s, and More
There are some new rules for required minimum distributions (RMDs) from retirement savings accounts (e.g., traditional IRAs and 401(k)...
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RetirementGuy
Jan 5, 20231 min read
How 12 Types of Retirement Income Get Taxed
When you're planning for retirement, it's fun to contemplate all the travel, rounds of golf, entertainment and restaurant meals you have...
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RetirementGuy
Jan 5, 20231 min read
2023 Retirement and Benefit Account Contribution Limits: 401k, 403b, IRA, HSA, DCFSA
The beginning of the year is also a good time to check on the new annual contribution limits for retirement and benefit accounts, many of...
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RetirementGuy
Dec 29, 20221 min read
Inheriting an Annuity? Here’s a Little-Known Way to Stretch Its Tax Benefits
One of the biggest advantages of an annuity, tax deferral, can be lost when anyone other than a spouse inherits an annuity. Then, all...
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RetirementGuy
Dec 29, 20221 min read
The SECURE 2.0 Act’s Impact On Roth IRAs
The SECURE Act 2.0 caught a ride on the $1.7 trillion omnibus spending bill that was unveiled on December 19. While the bill presents...
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RetirementGuy
Dec 29, 20221 min read
Secure Act 2.0 — Here’s What You Need to Know
If you'll recall, the original Secure Act was passed at the end of 2019. It raised the Retired Minimum Distributions (RMD) age to 72,...
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RetirementGuy
Dec 22, 20222 min read
10 things to consider before year end
Here are ten things that you might consider doing before the end of the year to ensure that you are well-prepared for tax season and have...
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RetirementGuy
Dec 22, 20223 min read
Sequence of returns risk and your retirement
Sequence of returns risk, also known as "order risk" or "timing risk," is a type of risk that occurs in the context of retirement...
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RetirementGuy
Dec 22, 20221 min read
Congress may pass new retirement rules. These 7 changes are on the table
There soon may be new retirement rules in place that could make it easier for Americans to accumulate retirement savings — and make it...
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RetirementGuy
Dec 15, 20221 min read
How Do Federal Reserve Interest Rate Hikes Hurt Your Retirement Savings?
The Federal Reserve just raised interest rates again and continues to take an assertive stand against historically high inflation...
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RetirementGuy
Dec 8, 20221 min read
Most Lack Knowledge On Long-Term Care
Despite a growing need for investors to start thinking about their long-term care needs, a study from Lincoln Financial Group, found that...
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RetirementGuy
Dec 8, 20221 min read
Top 10 Retirement Tips For 2023
Lists of retirement advice for the year to come generally all sound the same—but that’s not the case this year. Retiring during a bear...
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RetirementGuy
Dec 1, 20221 min read
The Most Affordable Places to Retire
Moving to a place with a lower cost of living can improve your retirement finances. If you sell a home in an expensive city and buy or...
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RetirementGuy
Dec 1, 20221 min read
Where Interest Rates May Land And How It Could Impact Your Retirement
Where does that take us going forward? How much higher can we go? And how will it impact your financial life, including your retirement?...
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RetirementGuy
Nov 25, 20221 min read
Can You Build a Retirement Income Plan With Both Risk and Reliability?
Two very different strategies can help retirees’ retirement savings last their lifetime, and the one that works for you, or even a hybrid...
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