G’day there! If you’re approaching the big 6-0 or already celebrating life beyond it you’re probably wondering about what happens to your super and whether the taxman still wants a piece of your hard-earned retirement savings. Well I’ve got some ripper news for ya – turning 60 brings some major tax advantages when it comes … Read more
To be honest, most of us have dreamed of having enough money to quit our jobs and live happily ever after. But how much money would that really take? Two million dollars sounds like a lot, but is it enough to live on forever? Today, I’m going to answer this question in more detail that … Read more
It can be hard to figure out your Social Security benefits when you’re missing pieces. A lot of my readers, especially women who want to know if they can get their husband’s benefits, have asked me to spend hours researching this subject. Depending on your situation, the length of your marriage requirements may be different. … Read more
The Veterans Pension program provides monthly payments to wartime Veterans who meet certain age or disability requirements, and who have income and net worth within certain limits. Find out if you’re eligible for this benefit. Are you wishing you could retire from the government? I’ve done a lot of research on federal retirement systems, and … Read more
Ever wondered if you could switch from your own Social Security benefit to your spouse’s? Maybe you started collecting early at 62 but now realize your spouse’s benefit might give you more money each month. Well I’ve done the research and lemme tell you – it’s not as straightforward as you might think! Can You … Read more
You can’t avoid required minimum distributions, but with smart strategies, you could potentially make them less painful. Are you trying to figure out if you can kill two birds with one stone by using a Roth conversion to satisfy your Required Minimum Distribution (RMD)? I’ve got the straightforward answer for you, plus some smart alternatives … Read more
What Exactly Is a Pension Refund? A pension refund is simply getting back the money you’ve contributed to your retirement plan when you leave your job before retirement. Instead of waiting until retirement age to access these funds, you’re essentially cashing out early. This choice has caused a lot of people to get lost, so … Read more
Tina is in charge of the Citizens Wealth Management financial planning and estate planning team, which is made up of CERTIFIED FINANCIAL PLANNERSTM, estate and tax planners, and trust officers. As a strategic partner, she helps clients deal with and grow in new situations. The idea of being able to spend their days however they … Read more
Most people never reach $1 million in savings. Indeed, my clients typically have between a few hundred thousand to a few million in assets. Yet, they manage to retire comfortably. So, with these more realistic levels in mind, let’s see how it looks to retire on $500k. In the end, people who are getting close … Read more
As you approach retirement, youâll find timing your decision to officially retire hinges on a lot of variables. Thereâs a lot to consider beyond just being ready to stop working. When you retire, you’ll need to think about how all of your financial plans will fit together. One important part of the plan is deciding … Read more