From: www.forbes.com
The bipartisan COVID-19 stimulus bill just signed by President Trump includes welcome tax relief for retirees: The required minimum distribution rules for Individual Retirement Accounts and 401(k)s are waived for 2020. That means that instead of taking money out this year, retirees can keep their investments…
A webinar presented by Patrick Brewer
Patrick is the founder of America’s Retirement Forum, a nationwide educational non-profit dedicated to helping pre-retirees plan for a successful retirement. Before founding America’s Retirement Forum, Patrick was the co-founder of SurePath Wealth Management, a financial advisory firm headquartered in Austin, TX. Patrick received a B.S. from the University of Delaware. He is a CFA® charterholder and a CPA.
If you…
Go to page: What to Know About Passive IncomeFrom: REAP, LLC. | Retirement & Estate Advisors & Professionals
If you’re looking to boost your earnings, build your legacy or want a complement to your long-term savings, building passive income might be a goal to consider.
An extra source of income can make retirement a little sweeter, and it may also help you get to the point of retirement a few years or months earlier.
Want to know…
From: www.kiplinger.com
When you’re planning for retirement, it’s fun to contemplate all the cruises, rounds of golf and restaurant meals you have ahead of you. You’ve earned it! However, many retirees don’t take into consideration the cumulative impact of federal and state income taxes on withdrawals from their nest eggs.
“Finding tax-efficient investments is the key to successfully saving for…
From: money.usnews.com
Try these strategies to boost your retirement investments in the new year.
The new year is the perfect time to start getting your finances on track, and that doesn’t necessarily mean cutting back on the things you enjoy. But sometimes getting a handle on your finances can mean a little sacrifice now that will pay off in the future.
Here are…
From: 401kspecialistmag.com
From average benefit amounts to the program’s scope, COLAs and retirees’ dependence on it, here are 20 bullet points filled with interesting, up-to-date tidbits about the largest government program in the world.
Social Security, the largest government program in the world, is projected to pay out $950 billion in benefits for older Americans and another $150 billion on Social Security disability payments this…
From: www.forbes.com
Retirement planning is about more than just saving money – it’s about generating an income plan for spending money. You can break saving for retirement into three main goals: automate savings as much as possible during working years; invest in long-term growth investments with low fees; and stay engaged and employed…
Planning for retirement sometimes is filled with numerous preparations. One step at a time you put your life and your finances in order so that the remainder of your years are spent enjoying the lifestyle and security you have worked so hard to achieve.
Preparing for retirement includes steps to prepare your children for the decisions you have made. Sitting down with them and laying out your plans is an important step in the…
Financial abuse can be a complicated subject, but at its most basic level it involves taking advantage of an older adult through manipulation or intimidation to steal their money or property.
What are the risk factors for financial abuse?
Elderly adults are some of the most vulnerable to financial abuse. Some of the biggest risk factors for older adults include:
• Isolation
Isolation can cause extreme loneliness in seniors, leaving them desperate for any sort of social connection….
From: REAP, LLC. | Retirement & Estate Advisors & Professionals
On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). The SECURE Act, which is effective January 1, 2020. The Act is the most impactful legislation affecting retirement accounts in decades. The SECURE Act has several positive changes: It increases the…
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