Managing Your Financial Future
Will Your Taxes Be Lower in Retirement?- Season 6: Episode 7
It would seem to make some sense that once you begin retirement retirement, your tax bill will tend to increase – at least in the early years. The logic is that people normally have much, if not most, of their retirement funds in a company retirement plan (401k, 403b, etc.), which are all taxable upon… View Article
Planning for Retirement When It’s Still 15-20 Years Away- Season 6: Episode 4
When you’re only a few years away from retirement, figuring out your basics — income needs, expenses, activities — is usually fairly easy. In many cases, your current basics will be relatively close to those you’ll require once you’ve stopped working. But how do you plan for all of that when you’re much farther… View Article
Investing a Sum of Money: All at One Time, or Little By Little?- Season 6: Episode 3
Maybe you recently got a bonus from work, or — perhaps even better — an inheritance from a relative. Whatever the case, if you find yourself with a lump sum of cash that you’d like to invest, a question should come to mind: do I invest it all at once, or do I phase it… View Article
How To Know If Your Social Security Benefits Will Be Taxed- Season 6: Episode 1
Have you heard that your Social Security benefits are always going to be taxed as income? Have you heard that they’ll be taxed at a 50% rate? Or have you heard that your Social Security benefits are never taxed at all? These statements (rumors, really) have made their way around the online world over the… View Article
When Should You Start Taking Distributions from Your 401k?- Season 5: Episode 12
If you’re retired, or you’re approaching retirement, there’s a decent chance that you’ve got some money saved up in what’s known as a “qualified” retirement plan – meaning one that gave you a deduction going in, is tax deferred while it grows, and then will be taxable when the money comes out. In general, we’re… View Article
The Conventional Social Security Strategy That Could Seriously Backfire- Season 5: Episode 11
Conventional wisdom, rules of thumb, standard advice – those are what the lazy person often resorts to when they don’t have an answer for you, or they can’t figure out what to do. “Everyone else does it this way” is not always a good reason to pursue a strategy that may not be suitable for… View Article