Now’s the time to consider other ways to reduce future required minimum distributions (RMDs) too, such as Roth conversions and purchase of a qualified longevity annuity contract.
When you accept that there’s not a one-size-fits-all withdrawal rate, you can move forward with approaches to estimating sustainable spending each year based on your portfolio’s valuation.
The issue in waiting until April 15, 2015 to fund 2014′s IRA contributions is that you’re losing up to 15 months’ worth of investment returns.
Considering health care costs, a long-term care strategy and managing longevity risk, the goal of not running out of retirement income requires a lot of financial planning.
Doing triage in deciding what stays and what goes will become a more immediate need once your house sells and you know the floor plan of your new home.
This bracket exercise is that it forces consumers to consider a lot of different financial planning practices rather than just looking at investments, taxes, credit and spending.
The non-borrowing spouse of a HECM entered into prior to Aug. 4, 2014, may — providing certain conditions are met — be named on the mortgage after the death of the primary borrower.
What I’m not sure if we should admire Read for the size of his estate or feel sorry for him because he didn’t use his wealth during his lifetime for life goals.
Paying back a pension advance or pension loan, plus the high interest and fees that loans and advances typically include, can threaten retirement security.
The Social Security Administration is looking at the recency of a person’s Medicare claims as a signal of whether a person is deceased.