The issue of whether your Social Security benefits are taxed is based on your "provisional income." This is your adjusted gross income—not counting Social Security benefits—plus nontaxable interest and half of your Social Security benefits. With the excitement of retirement, money can be the last thing you would have on your mind. However, if you have a careless approach to your money, you can be headed for financial pain. Retirement is often called the “decumulation” phase, when retirees are steadily spending down their assets. However, many retireesare not only leaving their nest eggs intact but are also saving a large part of their income. Recent studies say that they’re accumulating assets as they move through retirement. Kiplinger’s new article, Read More Many of us have invested in a 401(k) or some similar savings plan so that we can enjoy a comfortable retirement. But did you know that there are short-term benefits as well? Contributions are not included in current taxable income. That’s a very lucrative break that helps make saving much more enjoyable. Kiplinger’s new article, Read More Money Magazine says that the generation gap has a new frontier: IRAs. The article, “Why Older Americans Should Get Hip to the Roth IRA,” says that the older you are, the more likely you are to favor a traditional IRA over a Roth IRA. However, older investors might want to look at what the young...Read More
Bonehead Mistakes Retirees Need to Avoid
Create Your IRA Exit Plan
Accumulating Income in the Decumulation Phase of Life: Retirement
Make Lower RMDs When Your Retire
Old School Traditional IRA versus New School Roth
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