Understanding Your Social Security Statement

When you get serious about crafting a solid retirement plan, you need to understand how to read your Social Security statement. If you have yet to claim your retirement benefit, get your most recent statement online at www.ssa.gov/myaccount and continue reading. Continue reading

Lump-Sum Pensions Much Higher In 2021

Many baby-boomers have earned pensions over their working careers and are confronted with the complex decision of how best to optimize it. Some plans offer the choice of a lump sum that can be rolled over pre-tax to an IRA instead of a lifetime monthly payment. Next year, 2021, will likely be an optimal year to elect the lump sum for many. Continue reading

How IRA Owners Are Impacted By The SECURE Act

We wrote in July 2019 that a bill known as The SECURE Act was likely to become law since it is one of the only things Congress had bipartisan support for these days. This legislation has become law as of … Continue reading

Ep 34: Case Study: Tax-Smart Distribution Planning

Things in life and planning aren’t necessarily cut and dry. You may take several paths to reach your destination. But which one may be best? Listen to Kevin discuss a retirement situation where several strategic paths existing and how he and his team came to the preferred path in creating an integrated, tax-smart distribution plan. Continue reading

The (Less) Secure Act & Coming Death of the Stretch IRA

While partisan politics rage, the U.S. House of Representatives nearly unanimously passed a bill that would reform key aspects of America’s retirement laws.  The SECURE Act passed in a 417-3 vote in May and contains a provision to eliminate the Stretch … Continue reading