Having a tax-efficient withdrawal strategy in retirement can save you thousands of dollars. A good strategy will minimize the total taxes paid over the course of your retirement, which will increase your wealth and the longevity of your portfolio. In this video, we break down two very different strategies: traditional and proportional. The traditional approach has Learn More
41% of people, from 2014-2016, cashed out at least part of their 401(k) when leaving a job, and 85% of those people drained the balance entirely! And since most people will change jobs several times before retiring, @RyanCravitz with @CravitzFinancial and @erinkennedy are breaking down the best (and worst!) options when it comes to your Learn More
For most retirees, their biggest fear is running out of money. You want your retirement to be a fitting reward to a lifetime of hard work. But it’s hard to know exactly how much money you’ll need to achieve your unique retirement goals, without sacrificing your quality of life. In this video, we break down Learn More
More than 70% of adults who live to 65 will need Long Term Care of some kind! Not only is LTC very expensive, most costs aren’t covered by Medicare nor other health insurance plans.As Ryan explains to Erin, without proper planning this can wipe out your retirement savings, but before you buy a policy, first, Learn More
This one Social Security mistake is costing the average household $111,000.00! Only 4% of retirees claim Social Security at the most “financially optimal time.” That means the remaining 96% are missing out on $3.4 trillion dollars, which averages out to just over $100,000.00 for most families! Yes, you can claim Social Security benefits starting at Learn More
2022 was a brutal year for investors. 2023 is sure to be challenging, but there are some action steps you can take now, to set yourself up for success no matter how the market behaves. In this video, we walk through these 5 Resolutions: 1. Rebalance 2. Pay Down Debt, Lower Expenses 3. Keep Saving for Learn More
In this video we break down the important things to know if you’re considering converting to a Roth IRA. Keep in mind, we are in a historically low tax rate environment. Paying your taxes now will allow your money to grow tax deferred, and the growth can be accessed tax free presuming it’s a qualifying distribution. Learn More
Congress recently passed SECURE Act 2.0, which will bring several changes to retirement account rules. In this video we break down the big takeaways, including:*RMD Age Increase*RMD Penalties*QCD Changes*529 PlansKeep in mind, when you delay those Required Minimum Distributions, it will lead to larger account balances at death, which could create a significant tax burden Learn More
Can You Make a Deductible IRA Contribution For 2022? It depends on several things including whether you or your spouse have earned income, whether you’ve contributed to a Roth IRA, and whether you or your spouse have access to a company sponsored retirement plan. If you do have access to a company sponsored retirement plan like Learn More
How much can you contribute to a Traditional IRA for 2022? It depends on your age, whether you have already contributed to a Roth IRA, and whether you or your spouse have earned income or not. It’s also important to note that just because you can contribute to a Traditional IRA that does no necessarily mean Learn More
