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Income Planning
How To Turn Your Pension Cash Value Into The Most Retirement Income
Pensions were once the cornerstone of a secure retirement. They provided a retirement income you could not outlive. Today, pension plans are being eliminated or at the very least, are less generous to workers. If you are lucky enough to still have a pension, it is imperative that you plan to maximize the valuable retirement…
Read MoreYou might not own all of the money in your 401(k)
You might not own all of the money in your 401(k)—here’s how to find out Financial advisors make a big deal of encouraging millennials to invest in company-sponsored retirement accounts — especially if your employer offers to match a percentage of your contribution. There’s a lot of talk of “maxing your match” and don’t leave “free money…
Read MoreRetirees’ Mandatory IRA Withdrawals Would Shrink Under Treasury Plan
The Trump administration is updating life-expectancy tables governing required withdrawals from tax-advantaged retirement accounts By Richard Rubin Updated Nov. 7, 2019 4:51 pm ET WASHINGTON—Retirees could take smaller mandatory withdrawals from their tax-advantaged accounts under a new Treasury Department proposal designed to adjust for rising life expectancy. If finalized, the rules would take effect starting in 2021,…
Read MoreHow much you’ll need to save monthly to retire with $5 million
Five-million dollars sounds like a lot of money. And for the 22% of Americans who say they have less than $5,000 set aside for retirement, saving that much may seem like an impossible goal. But what if you could retire with $5 million by the time you were 67? The good news is that it is…
Read MoreHow to Take Advantage of 401(k) Catch-Up Contributions :usnews.com
The 401(k) Catch-Up Contribution Limit for 2019 WHEN YOU TURN 50, YOU become eligible to contribute more money to your 401(k) plan. The tax deduction you can claim on these catch-up contributions could save you over $1,000 on your annual tax bill. Here’s how to take advantage of 401(k) catch-up contributions: Workers can defer paying income tax on…
Read More5 Sources of Retirement Income That Aren’t Taxable
Keep more of your money during your golden years by incorporating these into your retirement plan. Just as taxes are a huge burden for working Americans, they can also be a drain on seniors’ limited resources. If you’re worried about affording your golden years, it pays to set yourself up with a number of income…
Read More7 retirement saving mistakes financial advisers see too often
Saving for retirement is confusing – it’s no surprise we make mistakes along the way. Luckily, there are strategies to get back on track. Below, financial planners share the most common mistakes, and how they help their clients recover. 1. Failing to create a plan A retirement plan is one of the best ways to…
Read MoreGPS The Guided Planning System®
Guided Planning System® Guides Retirement Satisfaction. You have worked tirelessly all these years and gained not only the accumulation of assets but the knowledge and experience that comes with those efforts. Now that retirement may be approaching, an organized plan is necessary. You should not have to be stressed or worried about where the money…
Read MoreNewsletter: October 2019
Our October 2019 Newsletter includes an in house article on the Importance of Estate Planning, highlights from Bra Country Fest and the Making Strides Against Breast Cancer of New Orleans run/walk. You will see photos from the Ricks family during this LSU football tailgate season and photos from our training events. Don’t miss getting to…
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