Category: Retirement Savings and Investments

retirement withdrawals

How to Manage Retirement Withdrawals to Pay Less in Taxes and Maximize Income

Much has been written about saving and accumulating enough for retirement. But that’s only half the battle. Once you reach retirement, it is important that you manage your retirement withdrawals from various accounts as tax-efficiently as possible. Taxes will likely be one of your biggest expenses in retirement. A tax-efficient withdrawal strategy can be the…

Robo advisors

Can Robo Advisors Program Wealth into Your Retirement Plan?

Robo-advisors might sound futuristic, but they’re really not as new as they sound. Robo-advisors use the same technology that’s been available to human advisors for decades, according to Investor Junkie, but it’s just now coming available to the everyday investor. Question is, can a robo-advisor help you manage your investments, or is this something that’s…

RMD

6 Strategies to Manage Required Minimum Distributions (RMDs)

When we reach a certain age we must – in order to avoid tax penalties – take required minimum distributions from IRAs, 401(k)s, and other types of tax-advantaged accounts (all retirement accounts funded with pre-tax contributions). Until recently, the age was 70.5. It is now 72 unless you turned 70.5 before the end of 2019.…

Stocks, Funds, Cash, Bonds: What’s the Best Asset Allocation Strategy for Your Retirement?

Figuring out the best asset allocation strategy for your retirement isn’t something you can set-and-forget. Here are some tips on how to update and maintain your asset allocation to maximize returns and reduce risk. What Exactly is Asset Allocation Anyway? Asset allocation refers to how your money is invested in different types of asset classes…

Orman, Ramsey, and Other Gurus on How to Save for Retirement

Retirement savings can seem like a very complicated matter. But some of the most well-known and respected financial minds like Suze Orman, David Ramsay, and others say that it’s really not that hard. The difficult part is saving. Sorting out how much to save is simple.Saving for retirement doesn’t have to be difficult. The younger…

Net Unrealized Appreciation

Net Unrealized Appreciation (NUA): The Tax Smart Way to Handle Company Stock in a Rollover

If you have company stock in a 401(k), you will want to learn about Net Unrealized Appreciation (NUA) and how to minimize taxes when you rollover these funds to an IRA. Should You Rollover? Once you leave a job, or reach age 59 ½ you have the option to move your 401(k) into an Individual…

Podcast: Scott Migliori — A Professional Investor’s Guide to Early Retirement

Episode 42 of the NewRetirement podcast is an interview with Scott Migliori — the former Chief Investment Officer for U.S. Equities for Allianz Global Investors and a Chartered Financial Analyst. We discuss Scott’s decision to retire early at age 48, the investment landscape, and how he manages his money in a highly volatile market. Listen…

financial fraud

Senior Financial Fraud is Now a $3 Billion Dollar a Year Issue

Financial fraud against people 50 and older is a growing concern. Older Americans lost $1.6 billion in 2018 due to financial fraud, and the average victim lost $1,023 according to the FTC.Protect your retirement savings from financial fraud.Financial manipulation is subtle and can take place over a number of years, explains Peter Creedon, CEO of…

Podcast: Glen Nakamoto — Building a Retirement Paycheck

Episode 41 of the NewRetirement podcast is an interview with Glen Nakamoto — retired cyber security analyst and financial planning enthusiast. They discuss how Glen built his own lifetime retirement paycheck with a guaranteed income floor using immediate annuities. Glen outlines how he built his plan and paycheck. Listen Now: Don’t miss out on future…

Will the Coronavirus Impact on Investment Markets and the Economy Be Particularly Difficult for Retirees and People Close to Retirement?

Here are some thoughts from Jim Seifert on the economy and retirement amid the coronavirus crisis. Jim was a serial entrepreneur from age 17 until age 40. After which he was a financial Advisor for RBC Investments and Merrill Lynch Bank of America from 40 until 58.  He has an MBA and CFP(r) and worked…

retirement income strategies

Retirement Income Strategies: 18 Ideas for Lifetime Wealth and Peace of Mind

We’ve spent our whole lives working, spending the money we earn and hopefully saving a little too. When we retire, everything we have ever experienced about managing our own finances gets turned upside down. We no longer earn as much or any money from work. We have to figure out how to make do with…

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