From: www.marketwatch.com
The “fattest state” in the country also sounds like a pretty great place to go out to pasture, if getting the biggest bang for your retirement buck is the priority.
According to BLS data cited by cost-estimating website HowMuch.net, Mississippi, at $617,661 in savings needed, is the most affordable state to…
From: www.thinkadvisor.com
The proposed regs “recompute required distributions from IRAs, 401(k)s, and similar plans,” says former tax attorney Andy Friedman.
The Internal Revenue Service has released proposed regulations to update the life expectancy tables for required minimum distributions from qualified retirement plans, IRAs and annuities.
The proposed regs, which will be published in the Federal Register on Friday and be…
From: www.usatoday.com
Just as taxes are a huge burden for working Americans, they can also be a drain on seniors’ limited resources. If you’re worried about affording your golden years, it pays to set yourself up with a number of income sources that the IRS can’t tax you on later in life.
The last thing you need as a senior is…
From: Key Private Bank
When it comes to planning for your retirement income, it’s easy to overlook some of the common factors that
can affect how much you’ll have available to spend. If you don’t consider how your retirement income can be
impacted by investment risk, infl ation risk, catastrophic illness or long-term care, and taxes, you may not be able to enjoy the retirement you envision.
Investment risk
Different types of investments…
From: www.principal.com
10,000 simulations highlight impact of guaranteed income for retirees
The simulations have been run and the numbers have been crunched: annuities help improve retirement outcomes compared to investments alone. This is according to new research commissioned by Principal Financial Group® and conducted by Michael Finke, Ph.D., CFP®, and Wade Pfau, Ph.D., CFP®.
The research looked at how retirees can use guaranteed…
Go to page: Should you always keep an emergency fund?From: REAP, LLC. | Retirement & Estate Advisors & Professionals
You’ve probably heard that you should have an emergency fund. The purpose? To tide you over for a few months in case you lose your job.
So does that mean you can stop worrying about maintaining this rainy day account once you retire?
Not really. Retirees should probably consider keeping their emergency funds intact for several reasons.
Here’s why…
From: Sound Income Strategies, LLC
Renewable Income Streams to Keep You a Step Ahead of Inflation
Renewable Resource — A natural resource that can replenish itself naturally over time.
We hear the term…
From: money.usnews.com
Your Social Security benefit may be taxable. Try these strategies to reduce your tax bill in retirement.
Most workers pay intothe Social Security program throughout their career. Many people also pay taxes on part of their Social Security payments in retirement.
Retirees with low incomes or whose only source of income is Social Security generally don’t pay income tax on their Social Security benefit….
Social Security is one of the main benefit programs for workers in the United States. At some point, almost everyone will collect something from Social Security. If you are getting close to collecting from Social Security, you might be wondering how the program works and what to expect. Here are some of the most commonly asked questions about Social Security benefits.
How Old Do You Have to Be to Collect?
The short answer is that it…
From: www.fool.com
Hint: It’s really not enough to live comfortably on.
Millions of seniors today collect Social Security, and many rely on those benefits for the bulk of their income. If you’re planning to do the same in retirement, then chances are, you’re not doing much to save independently at present. But before you decide to settle on Social Security…
Copyright © 2025 • REAP | Retirement & Estate Advisors & Professionals • All rights reserved
(855) 904-REAP • info@retirementestateplan.com
