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In: Financial Independence, Inflation, Life Insurance, Money Solutions, Retirement, Retirement Income, Taxes, Whole Life Insurance

401k Exit Strategy How To Use Your Retirement Effectively It often astounds me how many people really don’t have an exit strategy for their 401k. And, I mean a money solution, an effective plan to use and spend their retirement effectively to reach their desired outcome. So, I’d like to share with you a little known, but time tested strategy that is usually reserved for the wealthy. It’s also used by the world’s largest banks and corporations. A 401k withdrawal or distribution is how you take your money from the account, which has rules and restrictions. We’ll assume you are taking the distributions when youRead More →

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In: Retirement, Retirement Income, Taxes

Tax Planning – The Time to Plan is Now Tax planning is not deferring taxes in an IRA. We’ve all heard the old adage, “People don’t plan to fail, they fail to plan.” In the case of your IRA or qualified plan, last minute contributions could be setting you up to actually pay more taxes. If you’e pondering the thought of a last minute contribution, just ask yourself these questions… 1. Do you want to live a similar lifestyle in retirement as you have today? 2. Do you think taxes will go up or down in the future? 3. What tax bracket will you be inRead More →