Tags Retirement

Tag: Retirement

Calculating Required Minimum Distributions (& why you should look at them before retirement)

Like we mentioned above, RMDs are the government’s plan for your distributions. You will want a plan of your own, which will distribute your...

What does diversification mean, especially in retirement?

Diversification basically means that you are making sure that where you keep your money is mixed and varied to minimize your risk while maximizing...

What does diversification mean, especially in retirement?

Diversification basically means that you are making sure that where you keep your money is mixed and varied to minimize your risk while maximizing...

Age 70 or 71? Where you should put your retirement savings now

2. Roth IRAs Roth IRAs are retirement accounts that are not tax-deferred like traditional IRAs or 401ks. The money put into Roths is post-tax money.  For...

Age 70 or 71? Where you should put your retirement savings now

Roth IRAs are retirement accounts that are not tax-deferred like traditional IRAs or 401ks. The money put into Roths is post-tax money. For this reason,...

How Required Minimum Distributions Increase your Taxes in Retirement

What are RMDs?  RMDs, short for required minimum distributions, are the distributions the U.S. government requires from retirement accounts each year.  RMDs only kick in after...

When to transition from term life insurance to whole life insurance in retirement

Term life insurance summarized Term life insurance is going to cover you for a fixed period of time. You can buy, for example, a 10-year...

3 types of annuities that can keep your money safe in retirement

1. Accumulation Annuity Accumulation annuities are designed to grow your money. These are a little different than the other 2 types of annuities we talk...

What Does the Social Security Full Retirement Age Mean?

What is my full retirement age now? Full retirement age(FRA) is based on the year you were born. If you were born on January 1st,...

How Every State Taxes Differently in Retirement

Retirement taxes in Alabama Alabama fully exempts Social Security retirement benefits and payments from traditional pension plans from income taxes.  Alabama has pretty high sales taxes,...
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