Can You Convert an RMD Into a Roth IRA? Do You Have to Wait 5 Years to Withdraw from Your Converted Roth? If you’re 73 or older (or approaching that age), you’ve probably asked yourself these two big questions: Can I take my required minimum distribution (RMD) from my traditional IRA and convert it straight […]
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Are you lying awake at night wondering, “What if I run out of money in retirement?” You’re not alone. Studies show it’s the #1 fear in retirement — bigger than dying. People say things like “I’ll just work until I die” or “I’ll live off Social Security and my 401(k) and hope for the best.”
Have you ever wondered: What if I save too much for retirement and never get to enjoy it? Or maybe you’ve heard the phrase “die with zero” and thought, “That sounds reckless—can I really spend it all without running out?” You’re not alone. In a recent podcast episode, I dove deep into Bill Perkins’ book
If you own a Universal Life Policy, there is a possibility that the policy is not doing what you had intended. Even worse, the policy may be imploding on you. In a previous article “Universal Life Insurance – A Ticking Time Bomb” I discussed how and why such a policy may be failing. Don’t worry, Universal Life policies
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Summary: Do I need a Will if I have a Trust? Do I need to update my Will if I move to Florida? Do I really need any of these documents? What\’s the bare minimum I can get away with? In this show we cover the basics on wills, trusts and estate planning in Florida.
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Intermittent Spending: the act of positively changing our spending habits by abstaining from spending during a specific timeframe. If you are struggling with money, you have two main areas of focus: Increase your income Reduce your spending You can make a million dollars in a year, but if you spend two million that year, where
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Indexed Universal Life insurance, also known as IUL, is a type of life insurance that offers a different way to grow cash within the policy. While the primary purpose of such a policy is the death benefit associated with life insurance, many insurance agents are suggesting the use of this product as a form of
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Summary: Most people are familiar with the investment concept of risk vs reward or risk/return. Typically, the more risk you take, the greater the return should be. By the same token, the less risk you take, the lower the return should be. So what about risk-free investments? Shouldn\’t the return of a risk-free investment be
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Summary: Sometimes a company will offer an early retirement package to employees. This has certainly been the case during the summer of 2020 for industries like airlines. Analyzing these early retirement offers is a high stakes and complex process. There are several important parts of an early retirement buy-out offer that must be considered. Pension
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