From: financial-planning.com
It is a retirement dilemma.
When planning for retirement cash flow, should a client start Social Security as early as age 62, letting individual retirement account money continue to grow, tax-deferred? Or should that client tap the IRA and wait for a larger Social Security benefit?
A client who would receive $1,500 a month at 62 would collect $2,640 a month, plus any cost-of-living…
Go to page: Does your risk tolerance match your risk capacity?
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
When it comes to investing, there is no reward without risk. But risk comes in different forms, and understanding the variations and contexts can help you become savvier and steadier when it comes to your money.
Risk Tolerance
An investor’s comfort level with risk is often personal. Risk tolerance, the amount of risk…
“You either get bitter or you get better. It’s that simple. You either take what has been dealt to you and allow it to make you a better person, or you allow it to tear you down. The choice does not belong to fate, it belongs to you.”
–Josh Shipp
From: ultimateestateplanner.com
In recent PLRs 201628004 through 201628006, the IRS considered the effect of a state court action that modified the named beneficiary after the death of the IRA owner. In the rulings, the decedent had originally named three trusts as beneficiaries of his IRAs. The trusts qualified as designated beneficiaries under the IRC Section 401(a)(9) Regulations. When his IRAs were moved…
Go to page: Would your kids know how to handle an inheritance?
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
Many people seek to build financial security and wealth not only for themselves and their families, but also for generations down the line. The unfortunate reality, though, is that 70 percent of rich families lose their wealth by the second generation. And this regrettable scenario is not limited to the affluent.
While it’s…
Go to page: Ramping Up Retirement Funds Across Generations
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
Today, each generation can lay claim to unique financial challenges. Millennials are saddled with historic levels of student debt, Gen Xers are called the sandwich generation because many are taking care of their children as well as their aging parents, and the majority of baby boomers feel underprepared for retirement, even as it looms in…
Go to page: Take the Ultimate Bucket List Vacation
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
Financial planning often focuses on setting goals and creating a road map of actionable steps you can take today to achieve success. Objectives may include funding your retirement, saving for your children’s college tuition or amassing funds for a once-in-a-lifetime travel adventure.
Some feel that money is best spent on experiences rather than material things. If…
From: wilshirefp.com
The WFP Income Fund, managed by Wilshire Finance Partners, paid investors a 7.52% net annualized non-compounded return through the first quarter of 2016. The net annualized compounded return for the first quarter of 2016 was 7.56%. The net annualized compounded return for the fund since its inception on September 23, 2013 through March 31, 2016 was 8.65%.
The…
From: wealthmanagement.com
Taxpayer’s receipt of outright cash from original insurance company barred non-recognition
A taxpayer inherited an interest in an annuity from his late father. The taxpayer wished to exchange his interest in the inherited annuity for an annuity sold by a different insurance company. With the intent of qualifying the transaction as a permissible tax-free exchange, he mistakenly requested a “Lump Sum…
From: thealertinvestor.com
Worried that you don’t have enough saved for retirement? You’re not alone.
A recent Gallup survey found that Americans list retirement savings as their top financial concern, with 64 percent saying they were “very worried” or “moderately worried” about having enough money to support themselves in their golden years.
Experts often advise young people to start their retirement savings early in their careers,…
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