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The Importance of Financial Organization In Retirement Planning

It always starts the same way.  A New Year approaches and you have the best intentions for keeping your financial life organized. You file your receipts and statements (personally, I like old school filing cabinets and file folders rather than using a scanner), and for the first few months, you are dedicated to the task. It feels good to get all the paper off your kitchen counter or desk and into a place where it is easily located.  But then life takes over, and before you know it, your financial life is scattered all over the place like a tiny tornado swept through the house.

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In Retirement Planning, Estate Mangement Solutions, Asset Protection Planning

Advanced Planning for IRA's and RMD's


I got another email today from a radio listener who is turning 70 ½ and wanted to know more about the RMD withdrawal procedure. Hopefully, you read Beth’s last blog, 5 FAQs on RMDs and IRAs Answered. Many clients and listeners worry about this process! My message to you is that there is nothing to worry about, as long as you know the rules and have the withdrawals on autopilot. But sometimes, it’s about more than simply signing the RMD form and receiving a check. There are certain situations that require a more detailed plan, such as the following:

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In Retirement Planning, Annuities, Estate Mangement Solutions, Asset Protection Planning

5 Frequently Asked Questions About RMDs & IRAs, Answered

You’ve set aside money all of these years, hoping to have a fluffy nest for retirement.  You’ve taken advantage of the IRS’ generosity allowing you to set aside funds each year and not include those funds in your taxable income.  You may even have been fortunate enough to earn an employer match on those funds and enjoyed watching your statements as the pot grew.  There may have been a time or two that you “lost” a little money but all in all you probably felt like a bandit with all this money stashed away without a tax bill at the end of the year.

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In Retirement Planning

The 3 Major Reasons Retirement Plans Fail (And How to Avoid Them)


As you are approaching the finish line of your working career, it is important now more than ever to take some time and make sure your retirement plan doesn’t have any holes.  Most people don’t want to take a few hours to make sure they are prepared for the next 20-30 years of their lives.  Here are some reasons retirement plans fail:

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In Retirement Planning

4 Reasons to Own an Annuity




Now that the Powerball winner has come forward to claim her prize of $758 million (before taxes), you can’t turn on the television or radio without hearing the word “annuity.” The winner of the lottery had a very important choice to make, and that was whether to an after tax lump sum, or the pay taxes and receive income for life. This got me thinking about the number of people who don’t understand exactly what an annuity is and how it can be beneficial to their lives when used in the following situations:

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In Retirement Planning, Annuities

3 Things You Need To Know When Planning For Retirement


Introduction:
For most of my adult life and career as a broadcast journalist, I focused on daily challenges and deadlines. I worked really hard as a consumer reporter and advocate, protecting people from scams and rip-offs, providing information and advising them on what NOT to do; how NOT to waste their money.

Now, after retiring from television news, I'm doing the same thing, but in a different way - telling people what they SHOULD do to protect themselves, their money and their futures.

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In Retirement Planning

Annuity Awareness Month in Massachusetts



June is annuity awareness month. How did this come about and why? In 2015, The Commonwealth of Massachusetts proclaimed June
Annuity Awareness Month, to "educate consumers on annuity benefits, support them in considering annuities... and encourage them to seek professional advice for implementing annuities effectively in their income and legacy planning."

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In Retirement Planning, Annuity, Annuities, Annuity Awareness

The Big Lie of Retirement Planning


What if everything people were being told about retirement planning was not true?
Well, maybe lie is too strong a word. Perhaps misleading is better… or outdated. There, that’s it; outdated. Everythig we’re being told about retirement planning is outdated.

We’re all told to max out our 401k, 403b or other employer-sponsored plan. And when we’re done with that, we should put more money into an IRA or a Roth IRA, unless of course you can’t because of the restrictions and phase-outs. Here’s the big problem though. Things have changed, and they’re really important things.

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In Retirement Planning
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