Tag Archives: money

A Step-by-Step Guide to Painlessly Plan and Vet Your Retirement

Planning your retirement seems boring. But whether your retirement is five years away or fifty, it’s never too early to start planning for your golden years, and it doesn’t have to be a tedious, painstaking process. Numerous financial tools can help you do everything from calculating how much money you’ll need when you retire to finding the best investment mix and making sure you’re saving enough now. Follow these steps and wizards to get your comprehensive plan started.

The rest is here.

I definitely recommend firecalc.com.
“A goal without a plan is just a wish.”

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How the new tax law creates a ‘perfect storm’ for Roth IRA conversions

While the new Tax Cuts and Jobs Act (TCJA) includes one negative change for Roth IRAs, they are still pretty wonderful. Here’s what you need to know about Roth IRAs and especially Roth IRA conversions in the post-TCJA world.

The two most-important Roth IRA tax advantages are:
Unlike traditional IRA withdrawals, qualified Roth IRA withdrawals are federal-income-tax-free and usually state-income-tax-free too. What is a qualified withdrawal? It’s one that is taken after you, as the Roth account owner, have met both of the following requirements:

1. You’ve had at least one Roth IRA open for over five years.
2. You’ve reached age 59½ or become disabled or dead.

I need to investigate if item 1 above is correct. You only need to have ‘at least on Roth IRA open for over five years’?

Read the rest here.

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Surprise, Money Doesn’t Guarantee a Happy Retirement. Here’s What Does.

Their first item is ‘Reduce financial stress.’ Wouldn’t money do that?

Retirement might sound wonderful, but all too often the reality is disappointing. Some 28 percent of recent retirees polled by Nationwide Retirement Institute last fall said that life was worse in retirement than it was when they were working. It’s one of several surveys to find that, for roughly a quarter of retirees, life after work involves isolation and a loss of direction.

The article.

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3 Ways to Protect Your Retirement Money From a Market Downturn

Last week we got a reminder of just how volatile the stock market can be, when the Dow Jones Industrial Average plunged more than 370 points, or 1.8%, in a single day on political turmoil in Washington. The stock market has already recovered from that setback. But at some point, though we don’t know when, this aging bull market will give way to a bear …

With that goal in mind, here are three moves you should make now.


Regarding #3:
Dear JARguy,
... be fearful when others are greedy and greedy only when others are fearful. - Warren Buffett

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