Retirement Planning

CONVERT REQUIRED MINIMUM DISTRIBUTIONS INTO TAX FREE INCOME

Convert required minimum distributions into tax free income

It is currently happening to some and eventually, this will likely happen to all of us. I am referring to Required Minimum Distributions (RMD). The RMD is your required minimum distribution amount which the Internal Revenue Services requires you to withdraw each year from your IRA, SEP-IRA, Simple IRA or retirement plan account when you reach age …

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Planting A Vegetable Garden Can Help Retirees Save Money

Planting a vegetable garden can help retirees save money

Among the “5 Ways Retirees Should Protect Their Money During Retirement”, there are two reasons why planting a garden ranks high on my list of recommendations for retirees. First, are the many health benefits of gardening. Second, you will save money by growing your own food. Need I say more? Let’s review the economic costs …

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Retirees Can Protect Their Retirement Money With Better Asset Allocation

Protect retirement money with better asset allocation

Part 2 in our series: 5 Ways Retirees Should Protect Their Money During Retirement After 23+ years as a Financial Advisor, I can attest to the truth that retirees can protect retirement money with better asset allocation. Asset allocation is a discipline. It is the process of assembling a portfolio that is diversified in the …

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Buying Long Term Care Insurance Could Protect Your Retirement Savings

Can long term care insurance protect your retirement savings?

When I think about Part 3 in our series: 5 Ways Retirees Can Protect Their Money During Retirement, Long Term Care insurance (LTCi) is often overlooked by retirees which can pose a serious threat to a retired persons financial well being. Can Long Term Care insurance could protect your retirement savings? Truth is, Long Term Care Insurance …

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Money During Retirement

5 Ways retirees should protect their money during retirement

In this series, about the 5 Ways Retirees Should Protect Their Money During Retirement, I have decided to focus on one topic per post because each of the five points that comprise this series requires considerable detail, including some research and analysis to make this 5-part post as meaningful to you, my readers as possible. …

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Why Should You Hire An Independent Financial Advisor?

Why should you hire an independent financial advisor?

A question that you may have asked yourself is why you should hire an independent financial advisor? A common question that I hear from people who are not familiar with the difference between a financial advisor who is independent vs. those that are employees of brokerage firms is, “Aren’t you guys all the same anyway?” …

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Rule #1 For Your Financial Future: There is No “I” In “Team”

Rule #1 For your financial future: there is no “I” in “team”

Here is rule #1 for building your financial future. Whether you are a business owner, or an individual, you may rely on the advice and guidance of various financial professionals who may not be working together, as a team on your behalf.  In a perfect world the people who provide financial planning & retirement, investment management …

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Manage Your Important Financial Documents and Reduce Clutter

Manage your important financial documents and reduce clutter

A Cluttered Life Can Cost You In The Long Run: Manage Your Important Financial Documents It may surprise you to learn that many people have important financial documents strewn all over their homes – in desk drawers, underneath books, in various files cabinets and often not located in the correct file, in between books on …

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