Do you feel like you’ve been limiting your financial choices in retirement? Even baby boomers with large nest eggs worry about draining their savings. Thankfully, it’s possible to stay relatively frugal while making the most of your golden years. You can find great advice on making your savings work for you on the REAP blog! Furthermore, these tips can help you manage your funds well without limiting your opportunities in retirement.

Refinance Your Home

You…

By Danielle Porter

No matter whom you discuss your retirement plans with, they will tell you that you cannot start planning for your pension too early. While this may not be a big problem for most people who spend their lives paying into the same social security system, expatriates or immigrants who have double residency often have to take matters into their own hands. Here are a few key steps to take…

Taxes in Retirement

Presented by: David H. Morgan

About This Webinar

How and why the marginal tax system differs in your retirement years to your detriment
Whether you really will take money out of your IRA from a lower tax bracket than when it was put in
The provisional income calculations on your Social Security payments
How Capital Gains and Dividends impact your overall tax liability differently in retirement
The difference between deductions, exemptions, and credits on your…

Taxation of Annuities: FAQs

From: Whitepaper | Authored By: Heather L. Schreiber, RICP®

Annuities come in various shapes and sizes: non-qualified, qualified, variable, fixed, index, deferred, immediate—you get the idea. In my role as an advanced planning consultant, I find that financial professionals may struggle with the tax complexities associated with annuities, mainly when dealing with an already tax-deferred source of funds, such as qualified monies or when a non-natural owner…

The Baby Boomer Dilemma

From: AFEA

Greetings REAP Clients,

AFEA, my non-profit group I am affiliated with, has distribution rights for The Baby Boomer Dilemma: An Expose of America’s Retirement Experiment, which are limited until this summer. So, I wanted to highlight its efficacy for you now. Please see the summary below.

– David H. Morgan

The Build Back Better Tax Alarmists Who Cried Wolf

From: www.wealthmanagement.com

Turns out the sky is NOT falling, but it’s best to be prepared for it.

As the old saying goes, economists have predicted 27 of the past five recessions. That’s how I feel about all the handwringing over President Joe Biden’s massive infrastructure and tax plan.

While it’s popular in the media (and on Capitol Hill) to bash those with 8- ,…

Get These 2021 Tax Breaks Before They’re Gone

From: www.wsj.com

Making the most of these tax-code changes before year-end could reduce what you owe the IRS next April

Plan your 2021 taxes now—or else.

Or else what? Or else risk missing out on a large stimulus payment, or face a surprise bill at tax-filing time, or forgo a charitable deduction.

Year-end tax planning always matters, but new or temporary tax-code changes make it different…

The Impact of a Parent’s Death

From: www.nextavenue.org

Even after a long life, there is grief. But sometimes, tension among family members can be resolved.

Marty Galex died in August of this year at the age of 84. He is survived by Bobbie, his wife of 64 years, in significant cognitive decline and living in a memory care unit of a skilled nursing facility in Austin, Texas. The Galex family includes four…

Get professional help with your taxes

REAP is now offering a FREE tax review!

Did you know that since 2001 there have been 3,000 changes to the U.S. tax code? This has lead to confusion and mistakes that have cost money for many people.

Did you know, you can save an average of $2,500 annually by using an experienced tax professional?

Give us a call now at (855) 904-REAP for your FREE tax review, and check out…