Retirement

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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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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High Return Investment Risk

High return investment risk

Let’s have a quick chat about steps that you should take to manage high return investment risk. Whether you are managing retirement investments, trying to figure out your retirement income planning needs based on investments within your portfolio, it is important to always keep in mind that with investing, risk and reward are opposites sides …

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Overcome Writer's Block

Overcome writer’s block with financial advice

Writers can definitely learn to overcome Writer’s block with financial advice. I believe that the world benefits from the peaceful hearts and minds of creative individuals. Why? Because these passionate people are valuable to the peace of mind of everyone who appreciates artistic entertainment. Imagine living in a censored world with no new expression of …

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Avoid Making Retirement Planning Mistakes

Avoid making retirement planning mistakes

At all costs, major retirement planning mistakes can and should be avoided just like Caffeine. Caffeine? Yes, caffeine! Hang in there with me for a minute and you will understand what I’m talking about. When done properly, the process of retirement financial planning should greatly reduce the potential for costly mistakes during retirement. As a …

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Financial Literacy: Key to Creating and Sustaining Wealth for African Americans

Financial literacy: key to creating and sustaining wealth for african americans

Why Financial Literacy? A major differentiating factor between those who understand how to make money work for them has everything to do with financial literacy, which is also why I believe that it is the key to creating and sustaining wealth for African Americans. According to the 2009 Consumer Financial Literacy Survey, “54 percent of …

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