IRA tagged posts

Tax planning for retirement

Tax planning for retirement

Credit: Getty Royalty Free

Stephen Nelson, a wealth manager at Aldrich Wealth in Carlsbad, Calif., has some very good advice here to reduce taxes in retirement: even though you may be retired, the taxman is ready to take a slice of your Social Security and retirement fund payouts. How can you minimize his cut and reduce taxes in retirement?

Larry Light: With boomers retiring every single day, how can they minimize their tax bill in retirement to keep more money in their pocket?

Stephen Nelson: Some people in retirement find out that they actually pay more in taxes than they did when they were working...

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Retirement Crisis: How to Create One

06/14/2019 Finance  No comments

Long-nosed skunk- retirement crisis smells

Long-nosed skunk- retirement crisis smells Humboldt’s hog-nosed skunk (Conepatus humboldti) searching for food in Valle Chacabuco, Patagonia, Chile

Retirement Crisis! Citizens of the world! The press is misleading you on retirement savings!

A worrying new study from the World Economic Forum predicts a retirement crisis with “retirees might run out of money 10 years before they die,” according to Bloomberg News coverage. The World Economic Forum calculates that the average 65-year old American has only enough savings to cover 9.7 years of retirement income out of a nearly 20-year expected retirement. Results for other countries are similar.

As usual, headlines from the credulous news media pile up: “Japanese women face retirement savings gap of almost 20 years,” says the Japan Times...

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