After years of saving and planning for their golden years, many people nearing retirement fail to consider the tax burden they may face on income they receive after they stop working. While you will likely see a reduction in the [...]
One variable that is hard to plan for in retirement is taxes. We don’t even know what the tax rates will be next year, so how can you plan for 20 years or more in the future? We can’t say [...]
If you have a substantial amount of money in your company's retirement plan, one of the more dreaded taxes you may face is the 15% excise tax. The 15% tax is generally imposed on those receiving annual or lump-sum distributions [...]
Retirement is a major milestone that brings many life changes. One thing that doesn't change for most people: the fear of running out of money. According to the Transamerica Center for Retirement Studies, the most frequently reported retirement worry is [...]
Are you worried about the current state of the Social Security system and how its future may affect your retirement income? It’s important to take a long, hard look at your current savings strategy to ensure you’ll be able to [...]
