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My Take-Aways from Retirement Planning Guidebook

Money Talk

I recently read Retirement Planning Guidebook , a 453-page tome by retirement researcher and American College professor Dr. Wade Pfau, cover to cover. As an age 60+ adult and a CFP® professional, I consider myself fairly well informed about retirement planning topics. The goal of mountain climbing (i.e.,

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Barbservations from Three Retirement-Focused Webinars

Money Talk

I recently attended three webinars related to retirement planning. One discussed required minimum distribution (RMD) rules, the second, retirement planning in general, and the third, the FIRE ( F inancial I ndependence, R etire E arly) movement. I watch about a dozen personal finance webinars each month.

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21 Financial Events and Trends During 2021

Money Talk

Below is a written summary of these financial milestones and their impact on family finances. Retirement Planning- A new “life is short” mindset, especially among the affluent, prompted many workers to retire and required minimum distributions returned for taxpayers age 72+ with tax-deferred plans.

Finance 362
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Retirement and Taxes: "To" and "Through" Planning

Money Talk

If you picture retirement planning and taxes as a Venn Diagram, there is lots of overlap between these two areas of personal finance. This is true both during one’s working years (when taxpayers are saving for retirement) and later, when people are older and withdrawing taxable income from tax-deferred accounts.

Taxes 187
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The 4 Best Benefits in 2024, According to Employees

Best Money Moves

Pension and retirement plans The same Forbes Advisor study found that 34% of employees and 34% of employers agree that retirement plans are a vital part of a company’s benefits strategy. A retirement plan allows employees to build a financial safety net as they work, saving money over their careers.

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Year-End Tax Moves to Save Money

Money Talk

tax-deferred retirement plan contributions and charitable gifting) are already accounted for. This post provides general personal finance or consumer decision-making information and does not address all the variables that apply to an individual’s unique situation.

Taxes 197
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Tax-Deferred Retirement Savings Plans in Later Life

Money Talk

Types of Tax-Deferred Accounts - These include employer-sponsored defined contribution plans (e.g., 401(k), 403(b), 457, thrift savings plan), Traditional IRAs funded with pre-tax dollars, simplified employee pensions (SEPs) for self-employed workers, and annuities. Beneficiary types include a spouse, non-spouse (e.g.,

Taxes 185