Posts Tagged ‘Retirement’
5 Ways to Reduce Taxes During Retirement
When it comes to managing your retirement income, you want to consider every possibility. No one wants to get caught off-guard during what could be a very relaxing, even luxurious time in your life. Everyone deserves to enjoy their well-earned retirement income, which is why you need to be careful when it comes to managing…
Read MoreProtecting Your 401K From Market Volatility
Recent drops in the Dow Jones Industrial Average have some investors, especially those nearing retirement age, feeling stressed. As usual, the mainstream news isn’t helping. A quick search of the headlines reveals dozens of “scare tactic” phrases such as “Stock Market Misery,” “Economic Slowdown,” and “Deepest Plunge Since October.” As you already know, acting out…
Read MoreUnderstanding the Two Major Advisor Classifications
The classifications for financial advisors and the standards we hold them to has changed several times over the years. Currently, there are two broad categories of financial advisors you should be aware of, Fee-based and Fee-only. One of these advisors is legally required to put their clients’ best interest first. The other is only required…
Read MoreThe Retirement Fiduciary Rule is Dead: What this Means For You
The term Fiduciary is defined as: “A person who holds a legal or ethical relationship of trust with one or more parties.” This was the aim of the DOL’s “Fiduciary Rule”, which aimed to standardize the way retirement brokers and advisors interacted with clients. The rule was originally scheduled to phase in over the course…
Read MoreSo Many People Miss Out On These Big Gains
Your 401(k), 403(b), or 457 plan might be the biggest, most important asset you have. The one that could have the greatest impact on your family’s future wealth. It’s an asset that has the highest growth potential. That’s because these accounts grow on a tax deferred basis, so you’re not paying taxes on the growth…
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